Cetus Sponsor LLC Discloses 10% Stake in MKDWELL Tech Inc.

TL;DR

**Cetus Sponsor LLC now owns 10% of MKDWELL Tech Inc. ($MKDW) as of 7/31/24.**

AI Summary

On July 31, 2024, Cetus Sponsor LLC, through Chung-Yi Sun, reported a beneficial ownership of 10,000,000 ordinary shares of MKDWELL Tech Inc., representing 10.0% of the outstanding shares. This filing indicates a significant stake by Cetus Sponsor LLC in MKDWELL Tech Inc.

Why It Matters

This filing signals a substantial investment by Cetus Sponsor LLC in MKDWELL Tech Inc., which could influence the company's future strategic decisions and stock performance.

Risk Assessment

Risk Level: medium — A 10% stake is a significant holding that could lead to activist investor behavior or a change in control, introducing uncertainty.

Key Numbers

• 10,000,000 — Ordinary Shares (Beneficially owned by Cetus Sponsor LLC)
• 10.0% — Ownership Stake (Percentage of MKDWELL Tech Inc. outstanding shares held by Cetus Sponsor LLC)

Key Players & Entities

• Cetus Sponsor LLC (company) — Filing entity
• Chung-Yi Sun (person) — Authorized person for Cetus Sponsor LLC
• MKDWELL Tech Inc. (company) — Subject company
• 10,000,000 (dollar_amount) — Number of ordinary shares beneficially owned
• 10.0% (dollar_amount) — Percentage of outstanding shares owned

FAQ

Key Financial Figures

• $11.50 — of the Company at an exercise price of $11.50. (2) Based on 16,788,342 Ordinary Sha
• $0.0001 — lates to the ordinary shares, par value $0.0001 per share (the “Ordinary Shares&r

Filing Documents

• formsc13d.htm (SC 13D) — 109KB
• ex10-1.htm (EX-10.1) — 81KB
• ex10-2.htm (EX-10.2) — 141KB
• ex99-1.htm (EX-99.1) — 13KB
• 0001493152-24-031616.txt ( ) — 346KB

From the Filing

SC 13D 1 formsc13d.htm UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. N/A)* MKDWELL Tech Inc. (Name of Issuer) Ordinary Shares (Title of Class of Securities) G6209W 108 (CUSIP Number) Chung-Yi Sun Cetus Sponsor LLC Floor 3, No. 6, Lane 99, Zhengda Second Street, Wenshan District, Taipei, Taiwan, R.O.C. Tel: +886 920518827 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) July 31, 2024 (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box . Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See 240.13d-7(b) for other parties to whom copies are to be sent. * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). SCHEDULE 13D 1 NAMES OF REPORTING PERSON I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Chung-Yi Sun 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS (See Instructions) OO 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) 6 CITIZENSHIP OR PLACE OF ORGANIZATION Taiwan NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 1,772,187 (1) 8 SHARED VOTING POWER 0 9 SOLE DISPOSITIVE POWER 1,772,187 (1) 10 SHARED DISPOSITIVE POWER 0 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,772,187 (1) 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 12.06% (1) (2) 14 TYPE OF REPORTING PERSON (See Instructions) IN (1) Representing 1,772,187 Ordinary Shares directly held by Cetus Sponsor LLC (the “Sponsor”). AWinner Limited is the sole manager and the majority member of the Sponsor. Mr. Sun is the sole director and shareholder of AWinner Limited. In such capacity, Mr. Sun has voting and dispositive power over the securities that are held by the Sponsor. As a result, Mr. Sun may be deemed to have beneficial ownership of the securities held of record by the Sponsor. Cetus Sponsor LLC also holds 286,875 warrants of the Company, each exercisable to purchase one ordinary share of the Company at an exercise price of $11.50. (2) Based on 16,788,342 Ordinary Shares of the Issuer issued and outstanding as of August 1, 2024. 2 1 NAMES OF REPORTING PERSON I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Cetus Sponsor LLC 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS (See Instructions) OO 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 1,772,187 (1) 8 SHARED VOTING POWER 0 9 SOLE DISPOSITIVE POWER 1,772,187 (1) 10 SHARED DISPOSITIVE POWER 0 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,772,187 (1) 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 12.06% (1) (2) 14 TYPE OF REPORTING PERSON (See Instructions) CO (1) Representing 1,772,187 Ordinary Shares directly held by Cetus Sponsor LLC. Cetus Sponsor LLC also holds 286,875 warrants of the Company, each exercisable to purchase one ordinary share of the Company at an exercise price of $11.50. (2) Based on 16,788,342 Ordinary Shares of the Issuer issued and outstanding as of August 1, 2024. 3 Item 1. Security and Issuer This Shares”), of MKDWELL Tech Inc., a business company incorporated in the British Virgin Islands (the “Issuer” or the “Company”), whose principal executive office is located at 1F, No 6-2, Duxing Road, Hsinchu Science Park, Hsinchu City 300, Taiwan. The Issuer’s Ordinary Shares are listed on The Nasdaq Global M

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