Company: MKDWW
Filing Date: 2025-01-23
Form Type: F-1
Source: 0001493152-25-003296
Chunk: 256

Company: MKDWELL Tech Inc.
Filing Date: 2025-01-23
Form: F-1
Chunk 256
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5110(g)(3)(A)(i), such right of first refusal shall not have a duration of more than three years from the effective date of the IPO registration statement.

| F-62 |

CETUS CAPITAL ACQUISITION CORP.

NOTES TO UNAUDITED FINANCIAL STATEMENTS

Note 8 - Stockholders’ Equity

STOCKHOLDERS’ EQUITY

Class A Common Stock— Our amended and restated certificate of incorporation authorizes the Company to issue 50,000,000shares of Class A common stock with a par value of $ 0.0001per share. Holders of the Company’s Class A common stock are entitled to one vote for each share. On June 10, 2022, our sponsor subscribed to purchase 1,725,000shares of our Class A common stock (up to 225,000shares of which were subject to forfeiture) for an aggregate purchase price of $ 25,000, (the “founder shares”). The founder shares that were issued to our sponsor were originally issued as shares of our Class B common stock, but on August 31, 2022 such shares were converted at the election of our sponsor into shares of our Class A common stock on a one-for-one basis. On December 30, 2022, our sponsor surrendered to us for cancellation 287,500shares of our Class A common stock for no consideration, resulting in our sponsor owning 1,437,500shares of our Class A common stock, of which up to 187,500were subject to forfeiture depending on the extent to which the underwriters’ over-allotment option is exercised. As the underwriters exercised their over-allotment option in full on February 1, 2023, the forfeiture provisions lapsed for 187,500founder shares.

As of June 30, 2024 there were 1,781,875shares of Class A Common Stock issued and outstanding, including 57,500Representative Shares issued to the underwriter, and excluding 2,058,934shares subject to possible redemption.

Class B Common Stock— Our amended and restated certificate of incorporation authorizes the Company to issue 4,000,000shares of Class B common stock with a par value of $ 0.0001per share. Holders of the Company’s Class B common stock are entitled to one vote for each share. The Company issued an aggregate of 1,725,000shares of Class