Company: MKDWW
Filing Date: 2025-01-23
Form Type: F-1
Source: 0001493152-25-003296
Chunk: 241

Company: MKDWELL Tech Inc.
Filing Date: 2025-01-23
Form: F-1
Chunk 241
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 stock subject to possible redemption is presented at redemption value as temporary equity, outside of the stockholders’ equity section of the Company’s balance sheet.

The Company has made a policy election in accordance with ASC 480-10-S99-3A and recognizes changes in redemption value in additional paid-in capital (or accumulated deficit in the absence of additional paid-in capital) over an expected 9-month period leading up to a Business Combination. As of June 30, 2024, the Company had recorded accretion of $ 9,077,646. On February 26, 2024, an aggregate of 3,691,066Public Shares were redeemed with a total amount of $ 38,792,466.

For issued warrants that meet all of the criteria for equity classification, the warrants are required to be recorded as a component of additional paid-in capital at the time of issuance at their initial fair value. For issued warrants that do not meet all the criteria for equity classification, the warrants are required to be recorded at their initial fair value on the date of issuance as liability, and each balance sheet date thereafter. Changes in the estimated fair value of the warrants are recognized as a non-cash gain or loss on the statements of operations.

As of June 30, 2024, the amount of common stock subject to possible redemption reflected in the balance sheet are reconciled in the following table:

SCHEDULE OF COMMON STOCK SUBJECT TO POSSIBLE REDEMPTION

| Gross proceeds                                                     |     | $ |  57,500,000 |   |
| Less:                                                              |     |   |             |   |
| Proceeds allocated to public warrants                              |     |   |    (230,575 | ) |
| Proceeds allocated to public rights                                |     |   |  (2,290,800 | ) |
| Allocation of offering costs related to redeemable shares          |     |   |  (3,208,090 | ) |
| Redemption of Public Shares                                        |     |   | (38,792,466 | ) |
| Plus:                                                              |     |   |             |   |
| Accretion of initial carrying value to redemption value            |     |   |   7,739,022 |   |
| Subsequent measurement of common stock subject to redemption value |     |   |   1,088,624 |   |
| Extension funds attributable to common stock subject to redemption |     |   |     250,000 |   |
| Common stock