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MKDWELL Tech Inc. Reports $1.7M Convertible Note Financing - December 2024 Insights

$MKDWW
Form 6-K
Filed on: 2024-12-11
Source
MKDWELL Tech Inc. Reports $1.7M Convertible Note Financing - December 2024 Insights

Key Information from the Financial Report

  1. Form Type:
  • The document is a Form 6-K, which is a report used by foreign private issuers to disclose important information to the SEC.
  1. Company Information:
  • Company Name: MKDWELL Tech Inc.
  • Principal Office Address: 1F, No. 6-2, Duxing Road, Hsinchu Science Park, Hsinchu City 300, Taiwan.
  • Commission File Number: 001-42197.
  1. Reporting Period:
  • The report is filed for the month of December 2024.
  1. Convertible Note Financing:
  • MKDWELL Tech Inc. closed a Convertible Note Financing with Streeterville Capital, LLC.
  • Date of Agreement: November 26, 2024.
  • Principal Amount of Note: $1,851,000.
  • Purchase Price: $1,700,000.
  • The financing was completed on December 9, 2024, and the company received total proceeds of $1,700,000.
  1. Management:
  • The report is signed by Ming-Chia Huang, who is identified as the Chief Executive Officer and Director.
  1. Regulatory Compliance:
  • The filing indicates compliance with the Securities Exchange Act of 1934.

Insights

  • The Convertible Note Financing indicates MKDWELL Tech Inc.'s effort to raise capital, which could be aimed at funding growth, operational costs, or other strategic initiatives.
  • The issuance of unsecured promissory notes suggests a reliance on investor confidence and could have implications for the company's financial leverage and risk profile.
  • The fact that the company is filing this report indicates transparency and adherence to regulatory requirements, which is crucial for maintaining investor trust and potentially attracting further investment.