MKDWELL Tech Inc. has regained compliance with the Nasdaq Capital Market’s minimum bid price requirement. Nasdaq confirmed that for 20 consecutive business days, from January 26 to February 23, 2026, the company’s ordinary shares closed at or above $1.00 per share, resolving the deficiency under Listing Rule 5550(a)(2).
The company manufactures automotive electronics through subsidiaries, focusing on intelligent camper van control systems, LiDAR sensors, logistics vehicle control systems and seat control systems, serving mainly customers in Mainland China and Taiwan.
MKDWELL Tech Inc. has amended its corporate charter to redesignate all ordinary and preferred shares from a par value of US$0.0001 each to no par value and to implement a thirty-to-one share combination on its Ordinary Shares and Class A Preferred Shares.
Effective at 9:00 a.m. Eastern Time on January 26, 2026, the number of issued Ordinary Shares was reduced from 141,039,933 to approximately 4,701,369, and Ordinary Shares outstanding decreased from 106,459,933 to approximately 3,548,702, including 38 participant-level round-up shares. No fractional shares were issued; fractional amounts were rounded up at the participant level.
At the same effective time, MKDWELL made proportionate adjustments based on the thirty-to-one ratio to the number of ordinary shares issuable upon exercise of outstanding warrants and increased the corresponding warrant exercise prices. The conversion price of an outstanding convertible promissory note was also proportionately increased, with a corresponding adjustment to the number of ordinary shares issuable upon conversion.
MKDWELL Tech Inc. is changing its capital structure by redesignating all classes of its shares, including ordinary and Class A–E preferred shares, from a par value of US$0.0001 each to no par value and implementing a thirty‑to‑one share combination. At 9:00 a.m. Eastern Time on January 26, 2026, every 30 issued ordinary shares will be automatically reclassified into 1 ordinary share with no par value, with fractional amounts rounded up to the nearest whole share at the participant level.
As a result of the share combination, the number of issued ordinary shares will decrease from 141,039,933 shares to approximately 4,701,332 shares, and ordinary shares outstanding will decrease from 106,459,933 to approximately 3,548,665 shares. MKDWELL’s ordinary shares will continue to trade on Nasdaq under the symbol “MKDW” on a split‑adjusted basis starting January 26, 2026, with a new CUSIP G6209W124. The company will also make proportionate thirty‑to‑one adjustments to its outstanding warrants and the conversion price and share amount for its outstanding convertible promissory note.