MDJM Ltd Prices 4.28M Units at $1.40, Raises $6 Million in Offering
MDJM Ltd priced 4.28 million units in its upsized public offering at $1.40 each, raising approximately $6.0 million before expenses. Each unit includes one Class A ordinary share and one Series A warrant exercisable at $1.40 initially, subject to price adjustments and a zero-cash exercise option, with underwriters granted a 45-day option for 642,000 additional units.
1. Offering Terms
MDJM Ltd has upsized its public offering to 4,280,000 units at $1.40 per unit, generating gross proceeds of about $6.0 million before underwriting discounts and expenses. The offering is expected to close on or about February 11, 2026, subject to customary closing conditions.
2. Warrant Structure
Each unit comprises one Class A ordinary share and one Series A warrant, initially exercisable at $1.40 per share with automatic adjustments to 70% and 50% of the initial price on the fourth and eighth trading days post-closing. Holders may also opt for a zero-cash exercise, exchanging each warrant for 1.5 Class A ordinary shares.
3. Underwriter Option and Use of Proceeds
Maxim Group LLC is acting as sole book-running manager and has a 45-day option to purchase up to 642,000 additional shares or warrants at the public offering price. Net proceeds are intended to fund MDJM’s cultural IP development, venue renovations, and international animation collaborations as part of its global expansion strategy.