MDwerks acquires equipment assets from ATE for $88,000

MDWerks, Inc.

Purchase price $88,000 for equipment including air compressor, tooling, welders, trailers, haulers.
Deal closed on May 31, 2023.
Assets sold free and clear of all liens.
Seller provides customary representations and warranties.
Indemnification covers pre-closing and post-closing periods.

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 Asset Purchase Agreement with Automotive Transmission Engineering Corp valued at $88,000 (effective 2023-05-31).

Action: entry
Agreement: asset purchase
Counterparty: Automotive Transmission Engineering Corp
Value: $88,000
Effective: 2023-05-31

Exact text from the filing

On May 31, 2023, MDwerks, Inc. (the “Company”) entered into an Asset Purchase Agreement (the “APA”), dated as of May 31, 2023, by and between the Company and Automotive Transmission Engineering Corp (“ATE”).

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MDWerks, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-020282

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