Core Viewpoint - MKDWELL Tech Inc. has announced a thirty-to-one share combination for its ordinary shares and Class A Preferred Shares, effective January 26, 2026, as part of a strategic plan to regain compliance with Nasdaq's listing requirements and strengthen its long-term capital structure [1][5]. Share Combination Details - The share combination will reduce the number of issued ordinary shares from 141,039,933 to approximately 4,701,332, and the number of ordinary shares outstanding will decrease from 106,459,933 to approximately 3,548,665 [3]. - The ordinary shares will continue to trade on The Nasdaq Capital Market under the symbol "MKDW" on a split-adjusted basis starting January 26, 2026, with a new CUSIP number G6209W124 [2][3]. Adjustments Related to the Share Combination - Proportionate adjustments will be made to the number of ordinary shares issuable upon exercise of outstanding warrants, the conversion price of convertible promissory notes, and the number of ordinary shares issuable upon conversion of rights, all based on the thirty-to-one ratio [4]. Company Overview - MKDWELL Tech Inc. is an automotive electronics manufacturer, providing products such as intelligent camper van control systems, LiDAR sensors, and vehicle seat control systems, with operations based in Taiwan and China [6].
MKDWELL Tech Inc. Announces Share Combination on a Thirty-to-one Basis as Part of Strategic Nasdaq Compliance Initiative