--- schema_version: "secwatch.filing_event.v1" accession: "0001493152-24-029774" form_type: "8-K" ticker: null cik: "0001936702" company_name: "Cetus Capital Acquisition Corp." filed_at: "2024-07-31T23:59:59+00:00" generated_at: "2026-05-31T14:32:39.573007+00:00" event_type: "m_and_a" sentiment: "neutral" materiality_score: 0.9 calibrated_materiality_score: 0.9 confidence: "high" source: SEC EDGAR --- # Cetus Capital completes de-SPAC merger with MKDWELL Tech; combined co. to trade as MKDW on Nasdaq ## Summary - Business combination closed on July 31, 2024, after stockholder approval on July 9, 2024. - Cetus Capital ceased trading; MKDWELL Tech ordinary shares and warrants begin trading Aug 1 under MKDW and MKDWW. - MKDWELL Tech led by CEO Ming-Chia Huang; former Cetus directors and officers resigned effective at closing. - MKDWELL Tech is an automotive electronics manufacturer with operations in China and Taiwan. ## SEC filing metadata - accession: 0001493152-24-029774 - form_type: 8-K - cik: 0001936702 - company_name: Cetus Capital Acquisition Corp. - filed_at: 2024-07-31T23:59:59+00:00 - event_type: m_and_a - sentiment: neutral - materiality_score: 0.9 - calibrated_materiality_score: 0.9 - confidence: high - sec_items: 2.01, 5.02, 5.03, 7.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1936702/000149315224029774/0001493152-24-029774-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1936702/000149315224029774/form8-k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001493152-24-029774 - JSON: https://secwatch.observer/filing/0001493152-24-029774.json - Plain text: https://secwatch.observer/filing/0001493152-24-029774.txt ## Key facts - Executive change Grace F. L. Peng departed as Director at Cetus Capital Acquisition Corp.. - Action: ceased serving - Role: Director source text: Effective upon the closing of the Business Combination, each of Chung-Yi Sun, Cheng-Nan Wu, Lin Bao, Jung-Te Chang and Grace F. L. Peng ceased serving as a director of the Company, and each of Chung-Yi Sun and Cheng-Nan Wu ceased serving as an executive officer of the Company. evidence_url: https://www.sec.gov/Archives/edgar/data/1936702/000149315224029774/0001493152-24-029774-index.htm - Executive change Chung-Yi Sun departed as Director at Cetus Capital Acquisition Corp.. - Action: ceased serving - Role: Director source text: Effective upon the closing of the Business Combination, each of Chung-Yi Sun, Cheng-Nan Wu, Lin Bao, Jung-Te Chang and Grace F. L. Peng ceased serving as a director of the Company, and each of Chung-Yi Sun and Cheng-Nan Wu ceased serving as an executive officer of the Company. evidence_url: https://www.sec.gov/Archives/edgar/data/1936702/000149315224029774/0001493152-24-029774-index.htm - Executive change Jung-Te Chang departed as Director at Cetus Capital Acquisition Corp.. - Action: ceased serving - Role: Director source text: Effective upon the closing of the Business Combination, each of Chung-Yi Sun, Cheng-Nan Wu, Lin Bao, Jung-Te Chang and Grace F. L. Peng ceased serving as a director of the Company, and each of Chung-Yi Sun and Cheng-Nan Wu ceased serving as an executive officer of the Company. evidence_url: https://www.sec.gov/Archives/edgar/data/1936702/000149315224029774/0001493152-24-029774-index.htm - Executive change Lin Bao departed as Director at Cetus Capital Acquisition Corp.. - Action: ceased serving - Role: Director source text: Effective upon the closing of the Business Combination, each of Chung-Yi Sun, Cheng-Nan Wu, Lin Bao, Jung-Te Chang and Grace F. L. Peng ceased serving as a director of the Company, and each of Chung-Yi Sun and Cheng-Nan Wu ceased serving as an executive officer of the Company. evidence_url: https://www.sec.gov/Archives/edgar/data/1936702/000149315224029774/0001493152-24-029774-index.htm - Executive change Chung-Yi Sun departed as Executive Officer at Cetus Capital Acquisition Corp.. - Action: ceased serving - Role: Executive Officer source text: Effective upon the closing of the Business Combination, each of Chung-Yi Sun, Cheng-Nan Wu, Lin Bao, Jung-Te Chang and Grace F. L. Peng ceased serving as a director of the Company, and each of Chung-Yi Sun and Cheng-Nan Wu ceased serving as an executive officer of the Company. evidence_url: https://www.sec.gov/Archives/edgar/data/1936702/000149315224029774/0001493152-24-029774-index.htm - Executive change Cheng-Nan Wu departed as Executive Officer at Cetus Capital Acquisition Corp.. - Action: ceased serving - Role: Executive Officer source text: Effective upon the closing of the Business Combination, each of Chung-Yi Sun, Cheng-Nan Wu, Lin Bao, Jung-Te Chang and Grace F. L. Peng ceased serving as a director of the Company, and each of Chung-Yi Sun and Cheng-Nan Wu ceased serving as an executive officer of the Company. evidence_url: https://www.sec.gov/Archives/edgar/data/1936702/000149315224029774/0001493152-24-029774-index.htm - Executive change Cheng-Nan Wu departed as Director at Cetus Capital Acquisition Corp.. - Action: ceased serving - Role: Director source text: Effective upon the closing of the Business Combination, each of Chung-Yi Sun, Cheng-Nan Wu, Lin Bao, Jung-Te Chang and Grace F. L. Peng ceased serving as a director of the Company, and each of Chung-Yi Sun and Cheng-Nan Wu ceased serving as an executive officer of the Company. evidence_url: https://www.sec.gov/Archives/edgar/data/1936702/000149315224029774/0001493152-24-029774-index.htm - M&A Transactions Cetus Capital Acquisition Corp. completed an acquisition involving MKD Technology Inc., MKDWELL Limited, MKDWELL Tech Inc. for Exchange of securities of Cetus Capital Acquisition Corp. for ordinary shares and warrants of MKDWELL Tech Inc. (closed 2024-07-31). - Action: acquisition - Counterparty: MKD Technology Inc., MKDWELL Limited, MKDWELL Tech Inc. - Consideration: Exchange of securities of Cetus Capital Acquisition Corp. for ordinary shares and warrants of MKDWELL Tech Inc. - Closing: 2024-07-31 source text: On July 31, 2024, Cetus Capital Acquisition Corp. (“ Cetus ” or the “ Company ”) completed the closing of the business combination contemplated by that certain Business Combination Agreement (as amended from time to time, the “ Business Combination Agreement ”, and the transactions contemplated thereby, the “ Business Combination ”) dated as of June 20, 2023 among the Company, MKD Technology Inc., a Taiwan corporation, MKDWELL Limited, a British Virgin Islands company (“ MKD BVI ”), MKDWELL Tech Inc., a corporation organized and existing under the laws of the British Virgin Islands (“ MKDWELL Tech ”), and the other parties thereto. evidence_url: https://www.sec.gov/Archives/edgar/data/1936702/000149315224029774/0001493152-24-029774-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.