MKDWELL Tech Inc. Faces Nasdaq Deficiency Notice: Urgent Compliance Needed!

Key Information from MKDWELL Tech Inc. SEC 6-K Filing:

1. Company Overview:

• Name: MKDWELL Tech Inc.
• Location: 1F, No. 6-2, Duxing Road, Hsinchu Science Park, Hsinchu City 300, Taiwan.
• Filing Date: November 15, 2024.
• Commission File Number: 001-42197.

2. Notice of Deficiency:

• On November 14, 2024, MKDWELL Tech Inc. received a deficiency notice from Nasdaq due to its Market Value of Publicly Held Shares (MVPHS) falling below the minimum requirement of $15 million.
• This deficiency was noted for the period from October 3, 2024, to November 13, 2024.

3. Current Status:

• The deficiency notice does not immediately affect the trading status of MKDWELL’s common stock, which will continue to trade under the symbol "MKDW".

4. Compliance Period:

• The company has 180 days from the date of the notice (until May 13, 2025) to regain compliance with the MVPHS requirement.
• To comply, MKDW must achieve an MVPHS of $15 million or more for at least ten consecutive business days during the compliance period.

5. Potential Outcomes:

• If MKDW regains compliance within the specified period, the matter will be closed with written confirmation from Nasdaq.
• If compliance is not achieved by the deadline, Nasdaq will provide a written notice regarding delisting, which the company can appeal.
• Alternatively, the company may consider applying for a transfer to the Nasdaq Capital Market, which has different listing requirements.

6. Company's Intentions:

• MKDWELL intends to actively monitor its MVPHS and take reasonable measures to regain compliance with the Nasdaq listing standards, although it cannot guarantee successful compliance.

Conclusion: The notice of deficiency presents a significant risk for MKDWELL Tech Inc., as failure to comply with Nasdaq's requirements could lead to delisting. The company is currently focused on regaining compliance within the stipulated timeframe.