Company: MKDWW
Filing Date: 2025-01-23
Form Type: F-1
Source: 0001493152-25-003296
Chunk: 279

Company: MKDWELL Tech Inc.
Filing Date: 2025-01-23
Form: F-1
Chunk 279
---
 Company will not issue fractional shares. As a result, Public Rights may only be converted in multiples of six. The Warrants will become exercisable on the later of 30 days after completion of the Company’s initial Business Combination or 12 months from the closing of the IPO, and will expire five years after the completion of the Company’s initial Business Combination or earlier upon redemption or liquidation.

Note 4 - Private Placement

PRIVATE PLACEMENT

Simultaneously with the closing of the IPO, the Sponsor purchased an aggregate of 286,875Private Units at a price of $ 10.00per Private Unit for an aggregate purchase price of $ 2,868,750in a private placement, including the conversion of the outstanding promissory note to the Private Units at $ 10.00per Unit in the total principal amount of $ 216,837. The Private Units are identical to the Public Units except with respect to certain registration rights and transfer restrictions. The Placement Warrants are identical to the Public Warrants, except that the Placement Warrants are entitled to registration rights, and the Placement Warrants (including the common shares issuable upon the exercise of the Placement Warrants) are not transferable, assignable or saleable until after the completion of a Business Combination, except to permitted transferees. The proceeds from the Private Units were added to the proceeds from the IPO to be held in the Trust Account. If the Company does not complete a Business Combination within nine months (or up to 18 months, as described in more detail in the Company’s IPO registration statement), the proceeds from the sale of the Private Units will be used to fund the redemption of the Public Shares (subject to the requirements of applicable law), and the Private Units and all underlying securities will expire worthless.

| F-77 |

CETUS CAPITAL ACQUISITION CORP.

NOTES TO FINANCIAL STATEMENTS

Note 5 - Related Party Transactions

RELATED PARTY TRANSACTIONS

| (a) | Founder 
 Shares  |

On June 10, 2022, the Company approved the acquisition by transfer of an aggregate of 1,725,000shares of Class B common stock (the “Founder Shares”) to the Sponsor for an aggregate purchase price of $ 25,000in cash, or approximately $ 0.014per share. Such Class B common stock included an aggregate of up to 225,000shares subject to forfeiture by the Sponsor to the extent that the underwriters’ over-allotment was not