Company: MKDWW
Filing Date: 2025-03-13
Form Type: 424B4
Source: 0001493152-25-010187
Chunk: 284

Company: MKDWELL Tech Inc.
Filing Date: 2025-03-13
Form: 424B4
Chunk 284
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 (less the amount of Closing Company Debt plus the amount of Closing Company Cash), payable on the Closing Date in the form of a number of newly issued ordinary shares of Pubco valued at $ 10.00per share. In the event that MKD BVI holds less than 100% of the issued and outstanding shares of the capital stock of MKD Taiwan at the Closing Date, the number of ordinary shares of Pubco to be issued to the shareholders of MKD BVI shall be proportionately reduced.

On the Closing Date, the Company and Merger Sub 2 will effect the SPAC Merger, as a result of which the Company will continue as a wholly-owned subsidiary of Pubco. In connection with the SPAC Merger, every issued and outstanding unit of the Company shall separate into each unit’s individual components, consisting of one share of Class A common stock, one warrant and one right, and all units shall cease to be outstanding and shall automatically be canceled and retired and shall cease to exist. In addition, each of the issued and outstanding securities of the Company will be converted into an equivalent amount of Pubco’s securities, as follows:

| ● | Each                                                                                                                              
 share of the Class A common stock of the Company will be converted automatically into one ordinary share of Pubco;                |
| ● | Each                                                                                                                              
 right to acquire one-sixth of one share of Class A common stock of the Company will be converted automatically into one right to  
 acquire one-sixth of one ordinary share of Pubco, except that any fractional share that would otherwise be issued will be rounded 
 down to the nearest whole share; and                                                                                              |
| ● | Each                                                                                                                              
 warrant entitled to purchase one (1)                                                                                              
 share of Class A Common stock of the Company at a price of $11.50                                                                 
 per whole share will be converted automatically                                                                                   
 into one warrant to purchase one (1)                                                                                              
 ordinary share of Pubco at a price of $11.50                                                                                      
 per whole share, subject to adjustment                                                                                            
 in accordance with the Warrant terms.                                                                                             |

The Business Combination Agreement contemplates that Pubco will, immediately after the Closing, have a board of directors composed of seven (7) persons, with MKD Taiwan having the right to designate five (5) directors and with Cetus Sponsor LLC having the right to designate two (2) directors.

| F-79 |

CETUS CAPITAL ACQUISITION CORP.

NOTES TO FINANCIAL STATEMENTS

Note