secwatch.observer — SEC 8-K summary
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Issuer:     MDWerks, Inc. (MDWK)
CIK:        0001295514
Form:       8-K
Filed at:   2023-02-17T23:59:59+00:00
Accession:  0001493152-23-005436
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MDwerks to acquire Two Trees Beverage in stock-for-stock merger; 60M shares issued
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- Two Trees stockholders to receive 60M shares of MDwerks common stock, allocated pro rata based on holdings.
- Lock-up: one-third of shares released at 9, 18, and 36 months after closing.
- After merger, Two Trees nominees will form a majority of MDwerks board; officers of Two Trees remain.
- Amendment No.1: Two Trees had ~10M common and ~2M preferred shares outstanding; indemnifying party changed to James Cassidy.
- Closing conditions include Two Trees stockholder approval, no legal prohibitions, MDwerks' satisfactory due diligence, and audited financials.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1295514/000149315223005436/0001493152-23-005436-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1295514/000149315223005436/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-005436

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