Company: MKDWW
Filing Date: 2025-02-21
Form Type: F-1/A
Source: 0001493152-25-007784
Chunk: 228

Company: MKDWELL Tech Inc.
Filing Date: 2025-02-21
Form: F-1/A
Chunk 228
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, a Utah limited liability company (the “Investor”), pursuant to which MKDWELL Tech Inc. issued to the Investor an unsecured convertible promissory note, on November 26, 2024, in the principal amount of $ 1,851,000, convertible into ordinary shares, par value $ 0.0001, of the Company, for a purchase price of $ 1,700,000(the “Convertible Note Financing”). The Convertible Note Financing closed on December 9, 2024. MKDWELL Tech Inc. received an aggregate purchase price of $ 1,700,000. The Convertible Note would be accounted for as a liability equal to the proceeds received in entirety, as the embedded conversion option is considered indexed to the Company’s own stock that shall not to be derivative instrument.

The Company has evaluated events from the year ended December 31, 2023 through the date of issuance of the consolidated financial statements and does not identify any other subsequent events with a material financial impact on the Company’s financial statements.

| F-45 |

<div align='center'>CETUS CAPITAL ACQUISITION CORP.

BALANCE SHEETS</div>

|                                                                                                                                                                                                                                                                                                                                |     | June      
 30, 2024  |            |   |     | December 31, 2023 |            |   |
|:-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:----|:----------|-----------:|:--|:----|:------------------|-----------:|:--|
|                                                                                                                                                                                                                                                                                                                                |     | Unaudited |            |   |     |                   |            |   |
| ASSETS                                                                                                                                                                                                                                                                                                                         |     |           |            |   |     |                   |            |   |
| Current assets:                                                                                                                                                                                                                                                                                                                |     |           |            |   |     |                   |            |   |
| Cash                                                                                                                                                                                                                                                                                                                           |     | $         |    181,795 |   |     | $                 |    320,971 |   |
| Prepaid expenses                                                                                                                                                                                                                                                                                                               |     |           |        209 |   |     |                   |     15,140 |   |
| Total current assets                                                                                                                                                                                                                                                                                                           |     |           |    182,004 |   |     |                   |    336,111 |   |
| Non-current assets:                                                                                                                                                                                                                                                                                                            |     |           |            |   |     |                   |            |   |
| Cash and marketable securities held in the trust