MKDWELL Tech Inc. exercised its right and made early prepayment of all outstanding balances under its convertible note with Streeterville Capital, LLC on March 27, 2026.
Key takeaways
The company prepaid all outstanding balances under its convertible note with Streeterville Capital, LLC on March 27, 2026.
The convertible note was originally issued on November 26, 2024, with a principal amount of $1,851,000.
The company received an aggregate purchase price of $1,700,000 when the transaction closed on December 9, 2024.
The note was convertible into the company's Ordinary Shares.
The company and investor previously entered into a Forbearance and Standstill Agreement on December 2, 2025, which extended the note's maturity date.