tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

MKDWELL Tech Secures Standstill Agreement with Streeterville Capital

Story Highlights
MKDWELL Tech Secures Standstill Agreement with Streeterville Capital

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

MKDWELL Tech ( (MKDW) ) has provided an announcement.

On March 3, 2025, MKDWELL Tech Inc. entered into a Standstill Agreement with Streeterville Capital, LLC, agreeing that Streeterville would refrain from redeeming any portion of its outstanding note with the company for a specified period. In return, MKDWELL Tech agreed to pay a standstill fee of 2% on the note’s outstanding balance, which totaled $1,916,287.86 as of the agreement date. This strategic move allows MKDWELL Tech to manage its financial obligations while potentially preparing for future fundraising activities.

More about MKDWELL Tech

MKDWELL Tech Inc. is a company based in the British Virgin Islands, operating within the technology sector. The company is involved in the issuance of convertible promissory notes as part of its financial operations.

YTD Price Performance: -48.89%

Average Trading Volume: 662,834

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $7.72M

Learn more about MKDW stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1