MKDWELL Tech signs equity distribution agreement for up to $100 million at-the-market share offering
MKDW•At-the-market offering agreement
MKDWELL Tech entered an at-the-market offering agreement with Maxim Group for up to $100 million of ordinary shares.
Shares may be sold from time to time through Nasdaq or other permitted at-the-market methods, at the company’s discretion.
Fees and planned use of proceeds
Placement fee set at 3% on the first $10 million, 2.75% on the next $10 million, and 2.5% thereafter.
Net proceeds are earmarked for general corporate purposes, including working capital, capital spending, acquisitions and strategic investments.
