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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.