Company: KMRK
Filing Date: 2025-03-07
Form Type: DRS/A
Source: 0001213900-25-021451
Chunk: 3

Company: K-TECH SOLUTIONS CO LTD
Filing Date: 2025-03-07
Form: DRS/A
Chunk 3
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. The selling shareholder (as defined herein) is offering [*] Class A Shares of KTech to be sold in the offering pursuant to the Resale Prospectus. We will not receive any proceeds from the sale of the Shares of KTech to be sold by the selling shareholder. We agree to grant the Representative warrants (the “Representative Warrants”) up to a total of [*] Class A Shares (equal to 5% of the aggregate number of Class A Shares sold in the offering, including Class A Shares issued pursuant to the exercise of the over -allotmentoption) at a price equal to 120% of the price of our Class A Shares offered hereby, for nominal consideration. We intend to apply to list our Ordinary Shares on the Nasdaq Capital Market (“Nasdaq”) under the symbol “KMRK.” As such, at this time Nasdaq has not yet approved our application to list our Ordinary Shares. The closing of this offering is conditioned upon Nasdaq’s final approval of our listing application. However, there is no assurance that this offering will be closed or that our Ordinary Shares will be listed for trading on the Nasdaq. If Nasdaq does not approve our listing application, this IPO will be terminated. Upon the completion of this offering, assuming an offering size as set forth above, we will be a “controlled company” within the meaning of the corporate governance standards of Nasdaq because our controlling shareholders have entered into an Acting -in-ConcertAgreement pursuant to which they undertake that following the completion of this offering, the controlling shareholders shall act in concert in relation to all matters that require the decisions of the shareholders of the Company, our controlling shareholders will collectively own [12,000,000] Class A Shares and [4,500,000] Class B Shares, being [76.4]% of our total issued and outstanding shares, representing [91.8]% of the total voting power, assuming that the underwriters do not exercise their over -allotmentoption and assuming the Selling Shareholders immediately disposes all of the [*] Class A Shares pursuant to the Resale Prospectus. (the “Controlling Shareholders”) (or [*]% of our outstanding Shares or [*]% of the total voting power if the underwriters exercise their over -allotmentoption). See section titled “Prospectus Summary — Implications of Being a Controlled Company”. As of the date of this prospectus, our outstanding authorized shares consist of Ordinary Shares. Holders of Ordinary Shares have the same rights.