Company: MKDWW
Filing Date: 2025-04-15
Form Type: 424B3
Source: 0001641172-25-004780
Chunk: 197

Company: MKDWELL Tech Inc.
Filing Date: 2025-04-15
Form: 424B3
Chunk 197
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 own-share lending arrangement. The Company did not receive any proceeds or pay any consideration related to the Pre-delivery Shares, except that the Company received a one-time nominal fee of US$180upon the issuance of the Pre-delivery Shares and will pay the same amount to the investors upon the return of Pre-delivery Shares, respectively. The Company accounted for the share lending arrangement as an issuance cost and recorded at fair value upon issuance date against additional paid-in capital. Although legally issued, the Pre-delivery Shares were not considered outstanding and therefore excluded from basic and diluted loss per share unless default of the share lending arrangement occurs, at which time the Pre-delivery Shares would be included in the basic and diluted loss per share calculation.

The amortized cost of the Convertible Note as of December 31, 2024 consisted of the following:

SCHEDULE OF AMORTIZED COST OF THE CONVERTIBLE NOTE

|                                                       |     | As of December 31, 
 2024               |           |   |
|:------------------------------------------------------|:----|:-------------------|----------:|:--|
| Convertible Note Principal- Issued in November 2024   |     | $                  | 1,851,000 |   |
| Convertible Note Interest Adjustment                  |     |                    |  (135,715 | ) |
| Fair value adjustment for Pre-Delivery Shares related 
 to the issuance of Convertible Note                   |     |                    |  (846,360 | ) |
| Total                                                 |     | $                  |   868,925 |   |

| F-27 |

<div align='center'>MKDWELL TECH INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(In U.S. dollars, except share and per share data)</div>

15. ORDINARY SHARES

As of December 31, 2022, MKD Taiwan had issued an aggregate of 27,278,652ordinary shares, with par value of NT$10each share.

In connection with the Taiwan Reorganization (Note 1), the Company has issued 17,011,476ordinary shares (9,642,373ordinary shares after giving retroactive effect to the Reverse Recapitalization) to MKD Taiwan’s former shareholders in exchange for their MKD Taiwan shares on one-to-one basis at a price of US$0.33per share and a total consideration of US$5.6million, which equals to the amount of capital injection to MKD BVI from these former shareholders.

In execution