Company: MKDWW
Filing Date: 2025-02-21
Form Type: F-1/A
Source: 0001493152-25-007784
Chunk: 141

Company: MKDWELL Tech Inc.
Filing Date: 2025-02-21
Form: F-1/A
Chunk 141
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 | $       |     52,056 |   |     | $   | (1,589,627 | ) |     | $                     |  1,394,622 |   |     |    |     | $         | (2,932,193 | ) |
| Weighted average ordinary shares outstanding - basic and diluted            |     |         |          - |   |     |     | 25,280,472 |   |     |                       | (8,492,130 | ) |     | -1 |     |           | 16,788,342 |   |
| Weighted average redeemable ordinary shares outstanding - basic and diluted |     |         |  6,980,877 |   |     |     |          - |   |     |                       | (6,980,877 | ) |     | -1 |     |           |          - |   |
| Income/(loss) per share - basic and diluted                                 |     | $       |       0.01 |   |     | $   |      (0.06 | ) |     | $                     |          - |   |     |    |     | $         |      (0.17 | ) |

<div align='center'>See accompanying notes to unaudited pro forma condensed combined financial information.</div>

| 92 |

<div align='center'>NOTES TO UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL INFORMATION</div>

NOTE 1 — BASIS OF PRESENTATION

The Business Combination will be accounted for as a reverse recapitalization, with no goodwill or other intangible assets recorded, in accordance with U.S. GAAP. Under this method of accounting, Cetus Capital will be treated as the “accounting acquiree” and MKD BVI as the “accounting acquirer” for financial reporting purposes. Accordingly, for accounting purposes, the Business Combination will be treated as the equivalent of MKD BVI issuing shares for the net assets of Cetus Capital, followed by a recapitalization. The net assets of Cetus Capital will be stated at historical cost, with no goodwill or other intangible assets recorded. Operations prior to the Business Combination will be those of MKD BVI.

The unaudited pro forma condensed combined balance sheet as of June 30, 2024 assumes that the Business Combination and related transactions occurred on June 30, 2024.

The unaudited pro forma condensed combined statement