Company: MKDWW
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001641172-25-002607
Chunk: 31

Company: MKDWELL Tech Inc.
Filing Date: 2025-04-03
Form: 20-F
Item: Item 3
Chunk 31
---
S
Requirement. To regain compliance with the MVPHS Requirement, the Company’s MVPHS must close at $15 million or more for a minimum
of ten consecutive business days during the compliance period ending on the Compliance Date. If at anytime during the compliance period
the Company’s MVPHS closes at $15 million or more for a minimum of ten consecutive business days, Nasdaq will provide the Company
written confirmation of compliance and this matter will be closed. However, if the Company does not regain compliance by the Compliance
Date, Nasdaq will provide written notice to the Company that its securities are subject to delisting. At that time, the Company may appeal
any such delisting determination to a hearing’s panel. However, there can be no assurance that, if the Company receives a delisting
notice from the Staff and appeals the delisting determination, such appeal would be successful.

On
February 10, 2025, the Company received a deficiency letter from the Nasdaq Listing Qualifications Department of Nasdaq. Based upon the
closing bid price of the Company’s ordinary shares over the 30 consecutive business day period between December 24, 2024 and February
7, 2025, the Company was not in compliance with the requirement to maintain a minimum bid price of $1.00 per share of its Ordinary Shares
for continued listing on The Nasdaq Global Market, as set forth in Nasdaq Listing Rule 5450(a)(1) (the “ Minimum Bid Price Requirement”).
The Company has been provided a compliance period of 180 calendar days from the date of the notice, or until August 11, 2025, to regain
compliance pursuant to Nasdaq Listing Rule 5810(c)(3)(A). If at any time before August 11, 2025, the closing bid price of the Ordinary
Shares reaches or exceeds $1.00 per share for a minimum of 10 consecutive business days, Nasdaq will provide written notification that
the Company has achieved compliance with the Minimum Bid Price Requirement, and the matter would be resolved. If the Company chooses
to implement a reverse stock split, it must complete the split no later than ten business days prior to August 11, 2025, in order to
regain compliance. If the Company does not regain compliance with the Minimum Bid Price Requirement during the initial 180 calendar day
period, the Company may be eligible for additional time for compliance. To qualify, the Company would be required to transfer