MKDWELL Tech Inc.
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Mkdwell Tech Inc. (NASDAQ: MKDW, MKDWW) has issued 709,740 new ordinary shares to four individuals under its 2026 Equity Incentive Plan. These shares and the plan were registered with the SEC on March 31, 2026. Following this issuance, Mkdwell Tech now has 4,258,442 ordinary shares and 274,366 class A preferred shares outstanding, with each preferred share carrying 100 votes.
MKDWELL Tech Inc. (NASDAQ: MKDW) has announced its decision to adopt British Virgin Islands (BVI) home-country governance practices, opting out of certain Nasdaq shareholder approval rules. As a foreign private issuer, the company will use the Nasdaq Rule 5615(a)(3) exemption to bypass shareholder approval requirements for stock or asset acquisitions, changes of control, equity-based compensation, and large private issuances that would typically require such approval for U.S. domestic Nasdaq-listed companies. BVI counsel has confirmed these practices are permitted, and MKDWELL Tech states its other corporate governance practices remain materially similar to those of U.S. domestic Nasdaq companies.
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