MDWerks, Inc. (MDWK): M&A transaction — MDwerks acquires RF Specialties LLC for 7.5M shares; lock-up provisions apply

MDWerks, Inc.

Completed acquisition of RF Specialties LLC on Dec 27, 2023, issuing 7,500,000 shares to Keith A. Mort.
Shares subject to 24-month lock-up: one-third released at 12, 18, and 24 months.
RF Specialties audited 2022 revenue $552,792; net income $149,901. Audit includes going concern qualification.
Total shares outstanding after issuance: 198,391,536.
Acquisition expands MDwerks into sustainable RF applications across structural engineering, food & beverage, manufacturing.

item 2.01 item 3.02 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 an acquisition involving RF Specialties, LLC (closed 2023-12-27).

Action: acquisition
Counterparty: RF Specialties, LLC
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, par value $0.001 per share (the “Common Stock”).

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MDWerks, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-24-021396

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