Company: MKDWW
Filing Date: 2025-01-23
Form Type: F-1
Source: 0001493152-25-003296
Chunk: 288

Company: MKDWELL Tech Inc.
Filing Date: 2025-01-23
Form: F-1
Chunk 288
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 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 December 31, 2023, there were 1,781,875shares of Class A Common Stock issued and outstanding, including 57,500Representative Shares issued to the underwriter, and excluding 5,750,000shares subject to possible redemption. As of December 31, 2022, there were 1,437,500shares of Class A Common Stock issued and outstanding.

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 B common stock (the “Founder Shares”) to the Sponsor for an aggregate purchase price of $ 25,000in cash. Class B common stock is convertible into shares of Class A Common Stock on a one-for-one basis (A) at any time and from time to time at the option of the holder thereof and (B) automatically at the time of our initial business combination. On August 31, 2022, the Sponsor converted its shares of Class B common stock into 1,725,000shares of Class A common stock on a one-for-one basis