M&A - Cetus Sponsor LLC

Form Type: SCHEDULE 13D/A

Filing Date: 2025-04-02

Corporate Action: Acquisition

Type: Update

Accession Number: 000164117225002266

Filing Summary: This Schedule 13D/A is filed by Chung-Yi Sun, AWinner Limited, and Cetus Sponsor LLC, collectively referred to as the Reporting Persons. The filing discloses the ownership and beneficial interests held by Cetus Sponsor LLC and AWinner Limited in MKDWELL Tech Inc. Following a business combination involving MKDWELL Tech Inc., MKDWELL Limited, and Cetus Capital Acquisition Corp., Cetus Sponsor LLC received 1,772,187 Ordinary Shares along with 286,875 warrants exercisable at $11.50 each. Additionally, on March 19, 2025, multiple debt conversion agreements were executed converting a debt of $1,110,000 owed to AWinner Limited into 11,100,000 new Ordinary Shares. Chung-Yi Sun, who serves as a director of MKDWELL Tech Inc., holds significant influence over the company's corporate actions, including potential extraordinary transactions such as mergers or asset acquisitions. The percentage of beneficial ownership is based on 143,619,342 ordinary shares of MKDWELL Tech Inc. as of April 1, 2025. The Reporting Persons retain the right to alter their investment positions in the future.

Document Link: View Document