Company: MKDWW
Filing Date: 2025-03-13
Form Type: 424B4
Source: 0001493152-25-010187
Chunk: 256

Company: MKDWELL Tech Inc.
Filing Date: 2025-03-13
Form: 424B4
Chunk 256
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 basis. On December 30, 2022, our sponsor surrendered to us for cancellation 287,500shares of our Class A common stock for no consideration, resulting in our sponsor owning 1,437,500shares of our Class A common stock, of which up to 187,500were subject to forfeiture depending on the extent to which the underwriters’ over-allotment option is exercised. As the underwriters exercised their over-allotment option in full on February 1, 2023, the forfeiture provisions lapsed for 187,500founder shares.

As of June 30, 2024 there were 1,781,875shares of Class A Common Stock issued and outstanding, including 57,500Representative Shares issued to the underwriter, and excluding 2,058,934shares subject to possible redemption.

Class B Common Stock— Our amended and restated certificate of incorporation authorizes the Company to issue 4,000,000shares of Class B common stock with a par value of $ 0.0001per share. Holders of the Company’s Class B common stock are entitled to one vote for each share. The Company issued 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. Class B common stock is convertible into shares of Class A Common Stock on a one-for-one basis (A) at any time and from time to time at the option of the holder thereof and (B) automatically at the time of our initial business combination. On August 31, 2022, the Sponsor converted its shares of Class B common stock into 1,725,000shares of Class A common stock on a one-for-one basis. As of June 30, 2024 and December 31, 2023, there were noshares of Class B common stock issued and outstanding.

Preferred Stock— Our amended and restated certificate of incorporation authorizes the Company to issue 1,000,000shares of preferred stock with a par value of $ 0.0001per share with such designations, rights and preferences as may be determined from time to time by the Company’s Board of Directors. As of June 30, 2024 and December 31, 2023, there were noshares of preferred stock issued or outstanding.

Warrants— The Public Warrants will become exercisable commencing on the later of