0001493152-26-013826
SEC filingMKDWELL Tech Inc. filed a Form 6-K to disclose its election to exempt itself from specific Nasdaq shareholder approval requirements by following British Virgin Islands home country governance practices.
MKDWELL Tech Inc., a foreign private issuer incorporated in the British Virgin Islands, formally disclosed its election to utilize the home country rule exemption under Nasdaq Rules 5615(a)(3). This election allows the Company to bypass specific Nasdaq shareholder approval requirements mandated for U.S. domestic issuers. The exemptions cover four distinct scenarios under Rule 5635: acquisitions, change of control transactions, equity-based compensation, and private placements involving 20% or more of voting power at a price below the defined minimum. By opting out of these requirements, the Company gains greater flexibility to issue securities without seeking shareholder approval, provided such actions comply with British Virgin Islands law. The Company confirmed that aside from these specific exemptions, its corporate governance practices do not materially differ from those required of U.S. domestic companies listed on Nasdaq.