MDJM LTD Prices 24.6M Shares at $0.1015, Raising $2.5 Million
MDJM LTD sold 24.6 million Class A ordinary shares at $0.1015 per share in a registered direct offering, raising approximately $2.5 million before fees. The offering is expected to close on or about March 2, 2026, subject to customary closing conditions and shelf registration under Form F-3.
1. Offering Details
MDJM LTD is selling an aggregate of 24,600,000 Class A ordinary shares in a registered direct offering at $0.1015 per share, generating gross proceeds of approximately $2.5 million before placement agent fees and offering expenses.
2. Closing Timeline and Conditions
The offering is expected to close on or about March 2, 2026, contingent upon the satisfaction of customary closing conditions.
3. Registration and Placement Agent
The shares are being offered pursuant to a shelf registration statement on Form F-3 declared effective in March 2023, with Maxim Group LLC serving as the sole placement agent.