Company: MKDWW
Filing Date: 2025-04-15
Form Type: 424B3
Source: 0001641172-25-004780
Chunk: 13

Company: MKDWELL Tech Inc.
Filing Date: 2025-04-15
Form: 424B3
Chunk 13
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 Shares issued to D. Boral Capital LLC, and that
if the aggregate VWAP value of the 115,000 Ordinary Shares that D. Boral Capital LLC holds as of the effectiveness date of the registration
statement for the Ordinary Shares, is lower than the Original Aggregate Share Value (the difference between the VWAP value on such date
and the Original Aggregate Share Value, the “Difference in Amount”), then Cetus Capital and/or the MKD Parties shall
compensate D. Boral Capital LLC either in cash or issuing additional Ordinary Shares at a new value of Ordinary Shares, the (“New
Share Price”) in an amount equal to the Difference in Amount on the effectiveness date of the registration statement. If Cetus
Capital and/or the MKD Parties decide to compensate D. Boral Capital LLC for the Difference in Amount in issuing additional Ordinary
Shares, then the New Share Price shall equal an amount that is the lowest of the VWAP for a period of five (5) trading days immediately
prior to the registration statement effectiveness date, but the parties agree that Cetus Capital and the MKD Parties shall also
be treated as having discharged all liability relating to the Difference in Amount by issuing an additional 200,000 Ordinary Shares to
D. Boral Capital LLC (for a total of 315,000 Ordinary Shares issued to D. Boral Capital LLC). This registration statement on Form F-1
registers for resale up to 315,000 Ordinary Shares issued and/or potentially issuable to D. Boral Capital LLC and its designees.

On July 26, 2024, the Company issued a promissory note to D. Boral Capital LLC in the amount of $862,500 in respect of the cash amount owed under the Amended Satisfaction and Discharge Agreement, which bears interest at a rate of ten percent (10%) per annum.

Nasdaq Market Value of Publicly Held Shares and Market Value of Listed Securities Nasdaq Deficiency Letter

On November 14, 2024, the Company received a deficiency notice from Nasdaq notifying the Company that for the last 30 consecutive business days, or from October 3, 2024 to November 13, 2024, the Company’s Market Value of Publicly Held Shares (“MVPHS”) was below the minimum of $15 million required for continued listing on the Nasdaq Global Market pursuant to Nasdaq Listing Rule 5450(b)(2)(C) (the “MVPHS Requirement”).

Previously