M&A
confidence high
sentiment neutral
materiality 0.65
MDwerks amends merger with Two Trees: all shares convert to 60M common, lock-up removed
MDWerks, Inc.
- All common and preferred stock of Two Trees to be treated equally, converting into 60M shares of MDwerks common stock pro rata.
- Lock-up requirement for shares issued at closing removed; no lock-up agreements required.
- Condition that MDwerks have no preferred stock outstanding at closing waived.
- Amendment No. 2 dated September 11, 2023; original Merger Agreement remains in effect as amended.