Group 1 - MDJM LTD has successfully closed an upsized public offering of 4,280,000 units at a price of $1.40 per unit, resulting in total gross proceeds of approximately $6.0 million before expenses [1] - Each unit consists of one Class A ordinary share and one Series A warrant, which is immediately exercisable at an initial price equal to the public offering price, with adjustments on the fourth and eighth trading days [1] - The underwriter, Maxim Group LLC, has been granted a 45-day option to purchase additional shares and warrants, and partially exercised this option for 642,000 Series A warrants [1] Group 2 - MDJM LTD is focused on cultural IP development, animation production, international licensing, and cultural venue operations, with ongoing projects in the UK, including the Fernie Castle and Robin Hill Property [1] - The company is collaborating with renowned architectural firm Kengo Kuma & Associates for the renovation of Fernie Castle, aiming to create a multifunctional cultural venue [1] - MDJM is also partnering with European animation studios to develop animated short films that integrate Eastern themes with Western artistry, reflecting its commitment to global market expansion [1]
MDJM LTD Announces Closing of Upsized $6.0 Million Public Offering