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.

2. 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.

3. Reporting Period:

• The report is filed for the month of December 2024.

4. 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.

5. Management:

• The report is signed by Ming-Chia Huang, who is identified as the Chief Executive Officer and Director.

6. 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.