Company: MKDWW
Filing Date: 2025-03-13
Form Type: 424B4
Source: 0001493152-25-010187
Chunk: 178

Company: MKDWELL Tech Inc.
Filing Date: 2025-03-13
Form: 424B4
Chunk 178
---
     |                               | 32.6 | % |     |            |    * |   |
| Supplier G                                 |     |                               |    * |   |     |            | 11.0 | % |
| Supplier H                                 |     |                               |    * |   |     |            | 10.7 | % |

There are no suppliers who represent 10% or more of the Company’s total accounts payable.

| F-16 |

MKDWELL TECH INC.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(In U.S. dollars, except share and per share data)

17. SUBSEQUENT EVENTS

The Business Combination

In connection with the closing of the business combination with Cetus Capital on July 31, 2024 (“the Closing Date”). MKDWELL Tech Inc. issued 13,855,239ordinary shares to the shareholders of MKD BVI as consideration shares for the acquisition of MKD BVI, 30,083ordinary shares to the non-redeeming stockholders of Cetus Capital in exchange for shares of common stock of Cetus Capital held, 958,333ordinary shares to the holders of rights of Cetus Capital (with each six rights converting into one ordinary share of MKDWELL Tech Inc.), 1,772,187ordinary shares to Cetus Sponsor LLC in exchange for shares of common stock and rights of Cetus Capital held, a total of 172,500ordinary shares to EF Hutton LLC, the underwriter for the initial public offering of Cetus Capital, and 6,036,875warrants in exchange for each of the warrants of Cetus Capital, with each warrant exercisable to purchase one ordinary share of MKDWELL Tech Inc. at $ 11.50, subject to adjustment in accordance with the Warrant terms.

On the Closing Date, MKDWELL Tech Inc. consummated the Business Combination pursuant to the terms of the Business Combination Agreement and Cetus Capital became a wholly owned subsidiary of MKDWELL Tech Inc.

As a result of the foregoing, as of August 9, 2024, MKDWELL Tech Inc. had a total of 16,788,342ordinary shares and 6,036,875warrants outstanding.The Business
Combination would be accounted for as reverse recapitalizations, the financial statements of the combined company represent a continuation
of the financial statements of the target.

The Convertible Note Financing with Investor

On July 24