MKDWELL Approves 1-for-20 Reverse Stock Split Effective November 18
Key Facts
MKDWELL Tech’s board approved a reverse split of the company’s common stock and Series A preferred stock at a ratio of one share for every 20 shares, effective November 18, 2026, at 9:00 a.m. Eastern Time. The company said in its filing with the U.S. Securities and Exchange Commission that trading in its common stock on a split-adjusted basis will begin at market open that day. The company described the move as a proactive measure under its strategic plan to maintain compliance with Nasdaq’s continued listing requirements. The announcement comes as the stock price remains well below the minimum bid price that previously triggered a Nasdaq notice. The split changes the number of shares and their nominal price proportionally as the company continues to meet listing conditions.
According to the filing, 36,354,390 common shares were issued and outstanding as of November 12, and that number is expected to fall to approximately 1,817,720 after the split takes effect. Series A preferred shares will also decline from 274,367 to 13,719; all of those shares are owned by Chief Executive Officer and Director Ming Chia Huang. The 1,212,667 common shares held in treasury will fall to 60,634. These figures reflect application of the same ratio to the share classes listed in the filing. The company will not issue fractional shares, with fractional amounts rounded to the nearest whole share at the participant level.
The accompanying adjustments also cover the warrants trading under the symbol MKDWW: the company will reduce the number of common shares issuable upon exercise of each warrant and increase the exercise price proportionally to the split ratio. The company’s prospectus published in September showed 6,036,875 warrants outstanding, each allowing the purchase of one common share at an exercise price of $345 after its terms were adjusted following the previous split. The terms of the existing warrants will change according to the new ratio when the transaction takes effect. The current filing does not state a new warrant exercise price following this adjustment. The number of shares available upon exercise and the exercise price remain tied to the announced split ratio.
The move follows MKDWELL’s completion in January 2026 of an earlier reverse split at a ratio of one share for every 30 common and Series A preferred shares. In the background to its compliance efforts, the company said in a filing that Nasdaq notified it in February 2025 that the bid price had closed below $1 per share for 30 consecutive business days. It later said in an August 2025 filing that the exchange had granted it an additional 180-day extension, through February 9, 2026, to regain compliance with the minimum bid price requirement. The extension required the closing price to reach at least $1 per share for 10 consecutive business days. The company describes the current split as a measure under its plan to maintain its listing, with Nasdaq requirements remaining a stated focus of the move.
In trading, MKDW closed at $0.1205 on November 13, down 19.61% from the previous session’s close of $0.1499 on November 12, according to Investing.com data. The stock will continue to trade on the Nasdaq Capital Market under the symbol MKDW after the split, while its new CUSIP number will be G6209W132. The company manufactures and supplies automotive electronics, including intelligent control systems and LiDAR sensors, alongside businesses in smart home products and the Internet of Things. In September, the company disclosed an at-the-market offering program with an aggregate maximum of $100 million, with actual sales subject to market conditions and the possibility that no shares may be sold under it. Split-adjusted trading is scheduled to begin on November 18, the next date specified in the filing for implementation of the split.