Company: MKDWW
Filing Date: 2025-03-13
Form Type: 424B4
Source: 0001493152-25-010187
Chunk: 241

Company: MKDWELL Tech Inc.
Filing Date: 2025-03-13
Form: 424B4
Chunk 241
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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 subject to possible redemption                        |     | $ |  22,055,715 |   |

(m) Extinguishment of debt

An exchange of debt instruments with substantially different terms is accounted for as a debt extinguishment. A debtor could achieve the same economic effect as an exchange of a debt instrument by making a substantial modification of terms of an existing debt instrument. A difference between the reacquisition price and the net carrying amount of the extinguished debt is recognized currently in income of the period of extinguishment as losses or gains and identified as a separate item. Gains and losses are not be amortized to future periods.

| F-56 |

CETUS CAPITAL ACQUISITION CORP.

NOTES TO UNAUDITED FINANCIAL STATEMENTS

Note 3 - Initial Public Offering

INITIAL PUBLIC OFFERING

On February 3, 2023, the Company sold 5,750,000Units at a price of $ 10.00per Units (including the full exercise of the over-allotment option of 750,000Units granted to the underwriters), generating gross proceeds of $ 57,500,000. Each Unit consists of one share of common stock, one right (“Public Right”), and one redeemable warrant (“Public W