Company: MKDWW
Filing Date: 2025-04-15
Form Type: 424B3
Source: 0001641172-25-004780
Chunk: 168

Company: MKDWELL Tech Inc.
Filing Date: 2025-04-15
Form: 424B3
Chunk 168
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(In U.S. dollars, except share and per share data)</div>

| 1. | ORGANIZATION                         
 AND PRINCIPAL ACTIVITIES - Continued |

Reverse Recapitalization - Continued

MKD was determined to be the accounting acquirer given that MKD effectively controlled the combined entity after the transaction. The transaction is not a business combination because Cetus Capital was not a business. The transaction is accounted for as a reverse recapitalization, which is equivalent to the issuance of shares by MKD for the net monetary assets of Cetus Capital, accompanied by a recapitalization. MKD was determined as the accounting acquirer and the historical financial statements of MKD BVI became MKD’s historical financial statements, with retrospective adjustments to give effect of the reverse recapitalization. All of the ordinary shares of MKD BVI that were issued and outstanding immediately prior to the mergers were cancelled and converted into an aggregate of 13,855,239ordinary shares of MKD, which has been restated retrospectively to reflect the equity structure of MKD. Earnings per share were retrospectively restated using the historical weighted-average number of ordinary shares outstanding multiplied by the exchange ratio.

The par value of ordinary shares is $0.0001, the difference of $1,386 was adjusted retrospectively as in addition paid-in capital for the periods presented to reflect these changes. The weighted average number of ordinary shares outstanding used in computing net loss per ordinary share - basic and diluted was adjusted retrospectively from 26,042,934to 14,761,546for the year ended December 31, 2022, and from 25,280,472to 14,329,371for the year ended December 31, 2023.

The loss per share before and after the retrospective adjustments are as follows.

SCHEDULE OF LOSS PER SHARE BEFORE AND AFTER THE RETROSPECTIVE ADJUSTMENTS

|                                                                |     | For the years ended December 31, |            |   |     |            |            |   |     |            |            |   |     |            |            |   |
|                                                                |     |                             2022 |            |   |     |            |            |   |     |       2023 |            |   |     |            |            |   |
|                                                                |     |                           Before |            |   |     | After      |            |   |     |     Before |            |   |     | After      |            |