Company: MKDWW
Filing Date: 2025-01-23
Form Type: F-1
Source: 0001493152-25-003296
Chunk: 150

Company: MKDWELL Tech Inc.
Filing Date: 2025-01-23
Form: F-1
Chunk 150
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 any further vote or action by its shareholders.

The Company’s Warrants

Each Warrant entitles the registered holder to purchase one Ordinary Share at an initial price of $11.50 per share, subject to adjustment as discussed below.

The Warrants will expire five years after the completion of our business combination with Cetus Capital, which was consummated on July 31, 2024, at 5:00 p.m., New York City time on July 31, 2029, or earlier upon redemption or liquidation.

We will not be obligated to deliver any Ordinary Share pursuant to the exercise of a Warrant and will have no obligation to settle such warrant exercise unless a registration statement under the Securities Act with respect to the Ordinary Shares underlying the warrants is then effective and a prospectus relating thereto is current, subject to our satisfying our obligations described below with respect to registration. No Warrant will be exercisable and we will not be obligated to issue Ordinary Shares upon exercise of a Warrant unless Ordinary Shares issuable upon such warrant exercise has been registered, qualified or deemed to be exempt under the securities laws of the state of residence of the registered holder of the Warrants. In the event that the conditions in the two immediately preceding sentences are not satisfied with respect to a Warrant, the holder of such Warrant will not be entitled to exercise such Warrant and such Warrant may have no value and expire worthless. In no event will we be required to net cash settle any Warrant.

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We may call the Warrants for redemption:

| ● | in                                                                                                                                 
 whole and not in part;                                                                                                             |
| ● | at                                                                                                                                 
 a price of $0.01 per Warrant;                                                                                                      |
| ● | upon                                                                                                                               
 not less than 30 days’ prior written notice of redemption given after the Warrants become exercisable (the “30-day redemption      
 period”) to each Warrant holder; and                                                                                               |
| ● | if,                                                                                                                                
 and only if, the reported last sale price of the Ordinary Shares equals or exceeds $18.00 per share (as adjusted for stock splits, 
 stock dividends, right issuances, reorganizations, recapitalizations and the like) for any 20 trading days within a 30-trading day 
 period commencing once the Warrants become exercisable and ending three days before we send the notice of redemption to            
 the Warrant holders.                                                                                                               |

If and when the Warrants become redeemable by us, we may not