Company: MKDWW
Filing Date: 2025-03-13
Form Type: 424B4
Source: 0001493152-25-010187
Chunk: 139

Company: MKDWELL Tech Inc.
Filing Date: 2025-03-13
Form: 424B4
Chunk 139
---
 AND RECLASSIFICATIONS

Upon consummation of the Business Combination, management will perform a comprehensive review of the two entities’ accounting policies. As a result of the review, management may identify differences between the accounting policies of the two entities which, when conformed, could have a material impact on the financial statements of the post-combination company. Based on its initial analysis, management did not identify any differences that would have a material impact on the unaudited pro forma condensed combined financial information. As a result, the unaudited pro forma condensed combined financial information does not assume any differences in accounting policies.

| 93 |

NOTE 3 — ADJUSTMENTS TO UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL INFORMATION

The unaudited pro forma condensed combined financial information has been prepared to illustrate the effect of the Business Combination and related transactions and has been prepared for informational purposes only.

The pro forma basic and diluted earnings per share amounts for six month ended June 30, 2024 presented in the unaudited pro forma condensed combined statement of operations are based upon the number of MKD BVI shares outstanding, assuming the Business Combination and related transactions occurred on the earliest period presented: January 1, 2023, respectively.

Adjustments to Unaudited Pro Forma Condensed Combined Balance Sheet

The adjustments included in the unaudited pro forma condensed combined balance sheet as of June 30, 2024 are as follows:

| (A) 
 (B) | Derived                                                                                                                                 
 from the unaudited balance sheet of Cetus Capital as of June 30, 2024.                                                                  
 Derived                                                                                                                                 
 from the unaudited balance sheet of MKD BVI as of June 30, 2024.                                                                        |
|:----|:----------------------------------------------------------------------------------------------------------------------------------------|
| (1) | Reflects                                                                                                                                
 the release of cash from cash and marketable securities held in the trust account.                                                      |
| (2) | Reflects                                                                                                                                
 the settlement of deferred underwriting commission through the issuance of (i) a promissory note in the amount of $862,500 which        
 bears a 10% interest rate per annum and (ii) 115,000 Ordinary Shares of the Company to D. Boral Capital LLC upon completion of the      
 Business Combination.                                                                                                                   |
| (3) | Reflects                                                                                                                                
 the cash payment for accrued expenses of $88,812 for Cetus Capital upon completion of the Business Combination.                         |
| (4)