MDWerks, Inc. (MDWK): M&A transaction — MDwerks completes acquisition of RF Specialties for 7.5M shares; COO resigns

MDWerks, Inc.

Acquired RF Specialties LLC on Dec 27, 2023, issuing 7.5M shares of common stock to Keith Mort.
RFS becomes wholly owned subsidiary; outstanding shares increase to 198,391,536.
COO & director Michael Nordlicht resigned effective Dec 27; CEO Steven Laker will assume COO duties.
RFS technology provides energy wave solutions for wood, adhesives, food & beverage; seen as multi-industry growth platform.
Issued shares subject to 24-month lock-up; one-third released at 12-, 18-, and 24-month anniversaries.

item 2.01 item 3.02 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Steven Laker

Chief Executive Officer

MDWK · MDWerks, Inc.

Effective: 2023-12-27
Filed: December 28, 2023, 6:59 PM ET

Steven Laker, the Company’s Chief Executive Officer will take over Mr. Nordlicht’s duties as the Company’s Chief Operating Officer.

Departed

Michael Nordlicht

Chief Operating Officer and Director

MDWK · MDWerks, Inc.

Effective: 2023-12-27
Successor: Steven Laker
Filed: December 28, 2023, 6:59 PM ET

Michael Nordlicht resigned as the Chief Operating Officer and a member of the board of directors of the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.85

Steven Laker changed role as Chief Executive Officer at MDWerks, Inc..

Action: will take over duties as Chief Operating Officer
Role: Chief Executive Officer

Exact text from the filing

Steven Laker, the Company’s Chief Executive Officer will take over Mr. Nordlicht’s duties as the Company’s Chief Operating Officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael Nordlicht resigned as Chief Operating Officer and Director at MDWerks, Inc..

Action: resigned
Role: Chief Operating Officer and Director

Exact text from the filing

Michael Nordlicht resigned as the Chief Operating Officer and a member of the board of directors of the Company.

View on SEC.gov

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

MDWerks, Inc. completed an acquisition involving Keith A. Mort for 7,500,000 shares of the Company’s common stock (closed 2023-12-27).

Action: acquisition
Counterparty: Keith A. Mort
Consideration: 7,500,000 shares of the Company’s common stock
Closing: 2023-12-27

Exact text from the filing

On December 27, 2023, the Company completed the acquisition of RFS and the Exchange and issued to Mr. Mort 7,500,000 shares of the Company’s common stock

View on SEC.gov

28 m&a transactions filed in the last 30 days. Browse all m&a transactions →

MDWerks, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-046416

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