MDJM Ltd Raises $6M with 4.28M Unit Offering and Adjustable Warrants
MDJM Ltd sold 4.28 million units at $1.40 each, raising US$6.0 million in gross proceeds. Each unit includes one Class A share and one Series A warrant exercisable for one year with exercise prices stepping down from 100% to 70% and 50%, and a zero-cash exercise option.
1. Offering Details
MDJM Ltd closed its upsized public offering on February 11, 2026, selling 4,280,000 units at $1.40 per unit and generating approximately US$6.0 million in gross proceeds before underwriting discounts and expenses.
2. Warrant Terms
Each unit comprises one Class A ordinary share and one Series A warrant, which is immediately exercisable at 100% of the offering price and adjusted down to 70% on the fourth trading day and to 50% on the eighth trading day post-closing, with proportional share increases applied.
3. Over-Allotment Option
The underwriter holds a 45-day option to purchase up to 642,000 additional Class A shares and/or 642,000 additional Series A warrants at the public offering price less underwriting discounts, and on February 10, 2026, it partially exercised this option by acquiring 642,000 Series A warrants.