MDwerks to acquire RF Specialties LLC for 7.5M shares; lock-up and conditions apply

MDWerks, Inc.

MDwerks issues 7,500,000 common shares to Keith A. Mort, sole member of RF Specialties LLC, in exchange for 100% equity.
Exchange Shares subject to 24-month lock-up; one-third released at 12, 18, and 24 months after closing.
Closing requires audited financials of RFS for two fiscal years and satisfactory due diligence by MDwerks.
Exchange agreement may be terminated by MDwerks if conditions not met by May 31, 2023.
RFS will become wholly owned subsidiary of MDwerks upon closing.

item 1.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

MDWerks, Inc. entered into Exchange Agreement with RF Specialties LLC and Keith A. Mort (effective 2023-01-19).

Action: entry
Agreement: merger
Counterparty: RF Specialties LLC and Keith A. Mort
Effective: 2023-01-19

Exact text from the filing

On January 19, 2023, MDwerks, Inc. (the “Company”) entered into an Exchange Agreement (the “Exchange Agreement”), dated as of January 19, 2023, by and between the Company, RF Specialties LLC (“RFS”) and Keith A. Mort as the sole member of RFS.

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MDWerks, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-002445

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