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MDJM LTD Announces Closing of Upsized $6.0 Million Public Offering
Prnewswire· 2026-02-11 21:05
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 Pricing of Upsized $6.0 Million Public Offering
Prnewswire· 2026-02-10 13:45
Core Viewpoint - MDJM LTD has announced the pricing of an upsized public offering of 4,280,000 units at a price of $1.40 per unit, aiming to raise approximately $6.0 million in gross proceeds before expenses [1] Group 1: Offering Details - Each unit in the offering consists of one Class A ordinary share and one Series A warrant to purchase one Class A ordinary share [1] - The Series A warrants will expire one year from issuance and are immediately exercisable at an initial price equal to the public offering price, with adjustments on the fourth and eighth trading days [1] - The underwriters have a 45-day option to purchase up to an additional 642,000 Class A ordinary shares and/or Series A warrants [1] Group 2: Company Background - MDJM LTD is an integrated global culture innovation company focused on cultural IP development, animation production, international licensing, and cultural venue operations [1] - The company is expanding its operations in the UK, with projects like Fernie Castle and the Robin Hill Property being remodeled into multifunctional cultural venues [1] - MDJM is collaborating with European animation studios to develop animated short films that blend Eastern themes with Western artistry, aiming to create a global cultural ecosystem [1]