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MDJM LTD Announces Pricing of $2.5 Million Registered Direct Offering
Prnewswire· 2026-02-27 18:41
Core Viewpoint - MDJM LTD has announced a registered direct offering of 24,600,000 Class A ordinary shares at a price of $0.1015 per share, aiming to raise approximately $2.5 million before expenses [1]. Group 1: Offering Details - The offering is expected to close on or about March 2, 2026, subject to customary closing conditions [1]. - Maxim Group LLC is acting as the sole placement agent for the offering [1]. - The shares are being offered under a shelf registration statement declared effective by the SEC on March 6, 2023 [1]. Group 2: Company Overview - 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 in Scotland and the Robin Hill Property in England being remodeled into multifunctional cultural venues [1]. - Fernie Castle is undergoing comprehensive renovation planning in collaboration with Kengo Kuma & Associates [1]. Group 3: Strategic Initiatives - MDJM is collaborating with European animation studios to develop animated short films that blend Eastern themes with Western artistry [1]. - The company aims to create a global cultural ecosystem based on storytelling and immersive experiences, reflecting its commitment to market expansion and enhancing its cultural business footprint [1].