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MDWerks, Inc. (OTCQB: MDWK) signs LOI for RF-REX lumber joint venture

(Moderate)
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

MDWerks, Inc., through its wholly owned subsidiary RF Specialties, announced a non-binding Letter of Intent with Rex Lumber Company to form a proposed joint venture focused on developing, deploying, and commercializing radio frequency-based solutions for the lumber and broader wood-products industry.

Under the LOI, RF Specialties is expected to hold a 51% ownership interest in the joint venture and Rex Lumber a 49% interest. RF Specialties would contribute radio frequency intellectual property, an exclusive license for lumber applications, and engineering and manufacturing support, while Rex Lumber would provide sales leadership, distribution capabilities, strategic commercial support, and a multi-million-dollar initial capital investment. The LOI also allows Rex Lumber to designate a representative to the MDWerks board, and any final transaction remains subject to definitive agreements, approvals, and customary closing conditions.

Positive

  • The proposed RF-REX Co joint venture would give RF Specialties a 51% ownership stake while leveraging Rex Lumber’s distribution network and a multi-million-dollar capital investment to commercialize radio frequency technologies in the lumber market.

Negative

  • The agreement is a non-binding Letter of Intent, so the joint venture, related ownership structure, and multi-million-dollar capital investment may not occur without finalized definitive agreements and required approvals.

Filing Explained

No financing or ownership transfer is disclosed now; the proposed joint venture’s capital contribution remains dependent on definitive agreements and closing.

This Form 8-K places the announcement in its current disclosure state: a proposed joint venture and not a completed transaction or financing, so no immediate company-level ownership or cash change is disclosed.

Form 8-K reports specified material events, and this filing reports the company’s Regulation FD press release about the proposed arrangement.

Although the release describes Rex Lumber’s proposed contribution as a substantial multi-million-dollar initial capital investment, the non-binding LOI does not make that funding a committed financing.

At March 31, 2026, the latest supplied quarter showed $95,754 of cash and equivalents, equal to 18.6 days of the last reported operating cash use; the proposed contribution has not changed that reported liquidity.

Sources and calculations
  • Cash and equivalents vs quarterly operating cash outflow, in days of cash use $95,754 / ($464,418 / 90) = [object Object]
Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
RF Specialties JV ownership 51% Expected ownership interest in the proposed RF-REX Co joint venture under the LOI
Rex Lumber JV ownership 49% Expected ownership interest in the proposed RF-REX Co joint venture under the LOI
Commission File Number 000-56299 SEC file number associated with MDWerks, Inc.
non-binding Letter of Intent regulatory
"RF Specialties has signed a non-binding Letter of Intent with Rex Lumber Company"
A non-binding letter of intent is a preliminary document that outlines the main terms and expectations of a proposed transaction—such as a merger, acquisition, investment or partnership—without creating a legally enforceable obligation to complete the deal. Think of it as a written handshake or shopping list: it signals serious interest and sets the framework for negotiations and due diligence, which can move markets, but it does not guarantee the transaction will happen until a final, binding agreement is signed.
radio frequency-based solutions technical
"commercialization of radio frequency-based solutions for the lumber and broader wood-products industry"
molecular sawdust drying technical
"applications including molecular sawdust drying, molecular wood-chip drying, board straightening"
royalties financial
"pursue revenue opportunities from system sales, deployments, royalties, services"
Payments made to the owner of an asset or intellectual property each time that asset is used or a product is sold, often calculated as a percentage of sales or a set amount per unit. Royalties matter to investors because they create predictable, ongoing income streams and affect a company’s cash flow and valuation—like a landlord collecting rent or an author getting a steady cut whenever a book is sold.
forward-looking statements regulatory
"This press release contains forward-looking statements within the meaning of Section 27A"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What did MDWerks (MDWK) announce regarding a joint venture?

MDWerks, through subsidiary RF Specialties, announced a non-binding Letter of Intent with Rex Lumber Company to form a proposed joint venture focused on developing and commercializing radio frequency-based solutions for the lumber and broader wood-products industry.

What is the ownership structure of the proposed MDWerks (MDWK) and Rex Lumber joint venture?

Under the LOI, RF Specialties is expected to hold a 51% ownership interest in the proposed joint venture, while Rex Lumber is expected to hold 49%, with detailed governance and other key terms to be finalized in definitive agreements.

What will MDWerks’ RF Specialties contribute to the proposed MDWK joint venture?

RF Specialties is expected to contribute relevant radio frequency intellectual property, an exclusive license for lumber and wood-product applications, engineering and technical leadership, procurement and manufacturing oversight, and facility support from its Mills River, North Carolina location.

What will Rex Lumber provide in the MDWerks (MDWK) proposed joint venture?

Rex Lumber is expected to provide sales leadership, distribution and market deployment capabilities, strategic commercial support, and a substantial multi-million-dollar initial capital investment to fund design, manufacturing, engineering expansion, technician hiring, and commercialization efforts.

How could the proposed MDWerks (MDWK) joint venture generate revenue?

The proposed RF-REX Co venture is expected to pursue revenue from system sales, deployments, royalties, services, and broader commercial adoption of radio frequency-based solutions across the lumber and wood-products market, if definitive agreements are executed and operations commence.

Is the MDWerks (MDWK) and Rex Lumber joint venture agreement final?

No. The Letter of Intent is explicitly non-binding and serves only as a framework. Any final transaction will depend on negotiating and executing definitive agreements, obtaining applicable approvals, and satisfying customary closing conditions.

Will Rex Lumber have representation on the MDWerks (MDWK) board?

The LOI provides that Rex Lumber may designate an individual to serve on the MDWerks Board of Directors to represent RF-REX Co and the lumber industry strategy, subject to applicable corporate approvals and governing documents.
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): August 3, 2026

 

MDWerks, Inc.

(Exact name of registrant as specified in its charter)

 

Delaware   000-56299   33-1095411

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

411 Walnut Street, Suite 20125

Green Cove Springs, FL

  32043
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code: (252) 501-0019

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
N/A   N/A   N/A

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

 

 

Item 7.01. Regulation FD Disclosure.

 

On August 3, 2026, MDwerks, Inc., (the Company”) issued a press release related to a potential joint venture with Rex Lumber Company that will be focused on the development, deployment, and commercialization of radio frequency-based solutions for the lumber and broader wood-products industry.

 

The information included in this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. The information set forth under this Item 7.01 shall not be deemed an admission as to the materiality of any information in this Current Report on Form 8-K that is required to be disclosed solely to satisfy the requirements of Regulation FD.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit No.   Description
99.1   Press release issued by the registrant on August 3, 2026.
104   Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  MDwerks, Inc.
     
Date: August 3, 2026 By: /s/ Steven C. Laker
  Name: Steven C. Laker
  Title: Chief Executive Officer

 

 

 

 

 

Exhibit 99.1

 

MDWerks, Inc. Announces Signed LOI for Proposed Joint Venture Between RF Specialties and Rex Lumber Company

 

Proposed RF-REX Co venture is intended to accelerate commercialization of radio frequency-based solutions for the lumber and wood-products industry.

 

GREEN COVE SPRINGS, Fla. – August 3 2026 – MDWerks, Inc. (“MDWerks” or the “Company”) today announced that that as a result of its recently deployed sawdust drying pilot system its subsidiary, RF Specialties, has signed a non-binding Letter of Intent with Rex Lumber Company to form a proposed joint venture focused on the development, deployment, and commercialization of radio frequency-based solutions for the lumber and broader wood-products industry.

 

The proposed joint venture would focus on utilizing their extensive IP portfolio and trade secrets for radio frequency technology applications including molecular sawdust drying, molecular wood-chip drying, board straightening, extraction systems for compounds such as turpentine and furfural, and future product development for the lumber industry.

 

Under the LOI, RF Specialties is expected to hold a 51% ownership interest in the joint venture and Rex Lumber is expected to hold a 49% ownership interest, with governance and other key terms to be finalized in definitive agreements.

 

RF Specialties is expected to contribute relevant radio frequency intellectual property, an exclusive license for lumber and wood-product applications, engineering and technical leadership, procurement and manufacturing oversight, and facility support from its Mills River, North Carolina location.

 

Rex Lumber is expected to contribute sales leadership, distribution and market deployment capabilities, strategic commercial support, and a substantial multi-million-dollar initial capital investment to support design, manufacturing, engineering expansion, technician hiring, and commercialization efforts.

 

“This LOI represents an important step in advancing MDWerks’ strategy to expand the commercial reach of RF Specialties’ radio frequency technologies into the lumber and wood-products market. By aligning our technology platform with Rex Lumber’s industry knowledge, commercial relationships, and capital commitment, we believe this proposed joint venture can accelerate deployment and create meaningful long-term value,” said Steven Laker, CEO of MDWerks, Inc

 

 
 

 

The LOI also provides that Rex Lumber may designate an individual to serve on the MDWerks Board of Directors to represent RF-REX Co and the Company’s lumber industry strategy, subject to applicable corporate approvals and governing documents.

 

The proposed joint venture is expected to pursue revenue opportunities from system sales, deployments, royalties, services, and broader commercial adoption across the lumber market.

 

The LOI is non-binding and is intended solely as a framework for the negotiation of definitive agreements. Any final transaction will remain subject to the execution of such agreements, applicable approvals, and customary closing conditions.

 

About MDWerks, Inc.

 

MDWerks, Inc. (OTCQB: MDWK) is a molecular targeting technology company developing proprietary energy-wave platforms that selectively influence target molecules to improve industrial processes. Supported by a broad patent estate, the Company’s technologies enhance extraction, molecular transfer, moisture control, product quality, processing efficiency, and sustainability across multiple industries.

 

Initially commercialized within beverage alcohol and wood products, MDWerks is expanding its platform into additional markets including industrial processing, water treatment (including desalination), chemical manufacturing, agriculture, pharmaceuticals, engineered materials, and advanced manufacturing. Through a scalable licensing model built around its proprietary intellectual property, MDWerks is transforming breakthrough science into recurring revenue opportunities across multiple global industries.

 

MDWerks’ wholly owned subsidiary, RF Specialties, LLC (“RFS”), addresses companies’ most pressing challenges by implementing automated radio frequency technology systems in a sustainable way reducing costs and increasing speed to market when compared to traditional methods. For more information, please visit https://www.rfspecialtiesus.com/.

 

 
 

 

Cautionary Note Regarding Forward-Looking Statements

 

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). We have based these forward-looking statements on our current expectations and projections about future events. All statements, other than statements of present or historical fact included in this press release, regarding our future financial performance and our strategy, expansion plans, future operations, future operating results, estimated revenues, losses, projected costs, prospects, plans and objectives of management are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “could,” “would,” “expect,” “plan,” “anticipate,” “intend,” “believe,” “estimate,” “continue,” “project” or the negative of such terms or other similar expressions. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about us that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. Except as otherwise required by applicable law, we disclaim any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. We caution you that the forward-looking statements contained herein are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond our control. In addition, we caution you that the forward-looking statements regarding the Company contained in this press release are subject to the risks and uncertainties described in the “Cautionary Note Regarding Forward-Looking Statements” section of our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q that we file with the Securities and Exchange Commission. Such filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and the company is under no obligation to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

 

Investor Relations

(252) 501-0019

 

info@mdwerksinc.com

 

 

 

 

Filing Exhibits & Attachments

4 documents