MDWerks, Inc. (MDWK): M&A transaction — MDwerks sells manufacturing assets for $195K; $100K cash + $95K note

MDWerks, Inc.

Total purchase price $195,000; $100,000 cash at closing, $95,000 promissory note.
Note bears 8% simple interest, 72-month term, payments start Nov 15, 2023.
Buyer: Dream Workz Automotive LLC (Colorado); Seller: MDwerks, Inc. (Delaware).
Assets are tangible manufacturing assets; Bill of Sale delivered at closing.

item 2.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

MDWerks, Inc. completed a disposition involving Dream Workz Automotive LLC for $195,000 (closed 2023-08-25).

Action: disposition
Counterparty: Dream Workz Automotive LLC
Consideration: $195,000
Closing: 2023-08-25

Exact text from the filing

Company. In consideration for the purchase of the assets, and according to the terms of the Asset Purchase Agreement, the Company paid the sellers an aggregate purchase price of $195,000 (the “Purchase Price”), in a combination of cash in the amount of $100,000 (the “Cash Purchase Price”), and a promissory note in the amount of $95,000 (the “Note”). According to

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MDWerks, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-031217

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