MDJM LTD Completes Upsized $6 Million Public Offering to Fuel Cultural Projects
On February 11, 2026, MDJM LTD, listed on Nasdaq under the symbol UOKA, announced the successful closure of its upsized public offering totaling $6 million. This significant milestone, executed at a price of $1.40 per unit, included the issuance of 4,280,000 units, each comprising one Class A ordinary share and one Series A warrant. The offering aligns with MDJM's mission as an integrated culture innovation company, aimed at fostering international cultural projects and experiences.
The Series A warrants, which allow for the purchase of Class A ordinary shares, are set to expire one year from their issuance. They will be immediately exercisable upon issuance, with an exercise price adjusted to 70% and 50% of the initial offering price on specified trading days thereafter. Additionally, holders are given the unique option to utilize a zero cash exercise option, enabling them to exchange each warrant for 1.5 shares. This innovative strategy is designed to enhance shareholder value while broadening public participation in the company’s growth trajectory.
Furthermore, the underwriter for these offerings, Maxim Group LLC, has received a 45-day option to purchase up to an additional 642,000 shares or warrants, catering to any over-allotment needs. Just a day before the announcement, the underwriter partially exercised this option concerning 642,000 Series A warrants, boosting investor confidence in the offering. Overall, MDJM has successfully garnered gross proceeds of approximately $6 million, minus the necessary underwriting discounts and other expenses, reinforcing its financial footing.
MDJM's recent public offering is not merely a financial maneuver; it reflects the company's broader strategy of cultural innovation. As a burgeoning player in cultural IP development, animation production, and international licensing, MDJM is significantly expanding its operations in the UK. Projects such as the redevelopment of Fernie Castle in Scotland and the Robin Hill Property in England signify the company’s commitment to merging cultural experiences with high-quality hospitality services. These projects aim to provide multi-functional cultural venues that offer fine dining, art exhibitions, and continue to foster cultural exchange.
In collaboration with Kengo Kuma Associates, a renowned architectural firm, MDJM is undertaking extensive renovations at Fernie Castle, ensuring that the redesigned venue will merge aesthetic appeal with functionality. Alongside, the company is partnering with selected European animation studios to develop short films that creatively intertwine Eastern and Western artistic themes, shaping a distinctive narrative style that promotes global cultural exchange.
As MDJM strategically positions itself within the global market, this public offering serves as a stepping stone for further expansion. The company envisions creating a robust cultural ecosystem founded on storytelling and immersive experiences that promote a fundamentally rich cultural exchange. This commitment is quintessential to enhancing MDJM's global footprint and refining its cultural business portfolio.
In summary, MDJM's closure of the upsized public offering marks a pivotal point in its ongoing mission to integrate diverse cultural experiences, propelling its projects to the forefront of the global cultural scene. This initiative invites investors to participate in MDJM's future growth while reinforcing its dedication to cultural innovation and excellence. For more details on MDJM's innovative projects and future initiatives, potential and current investors can visit the company’s investor relations site at https://www.ir-uoka.com/.
As MDJM continues to navigate the complexities of the contemporary cultural landscape, it stands poised to make a lasting impact with its projects that resonate with diverse audiences worldwide, fostering an appreciation for rich cultural narratives and experiences.
The Series A warrants, which allow for the purchase of Class A ordinary shares, are set to expire one year from their issuance. They will be immediately exercisable upon issuance, with an exercise price adjusted to 70% and 50% of the initial offering price on specified trading days thereafter. Additionally, holders are given the unique option to utilize a zero cash exercise option, enabling them to exchange each warrant for 1.5 shares. This innovative strategy is designed to enhance shareholder value while broadening public participation in the company’s growth trajectory.
Furthermore, the underwriter for these offerings, Maxim Group LLC, has received a 45-day option to purchase up to an additional 642,000 shares or warrants, catering to any over-allotment needs. Just a day before the announcement, the underwriter partially exercised this option concerning 642,000 Series A warrants, boosting investor confidence in the offering. Overall, MDJM has successfully garnered gross proceeds of approximately $6 million, minus the necessary underwriting discounts and other expenses, reinforcing its financial footing.
MDJM's recent public offering is not merely a financial maneuver; it reflects the company's broader strategy of cultural innovation. As a burgeoning player in cultural IP development, animation production, and international licensing, MDJM is significantly expanding its operations in the UK. Projects such as the redevelopment of Fernie Castle in Scotland and the Robin Hill Property in England signify the company’s commitment to merging cultural experiences with high-quality hospitality services. These projects aim to provide multi-functional cultural venues that offer fine dining, art exhibitions, and continue to foster cultural exchange.
In collaboration with Kengo Kuma Associates, a renowned architectural firm, MDJM is undertaking extensive renovations at Fernie Castle, ensuring that the redesigned venue will merge aesthetic appeal with functionality. Alongside, the company is partnering with selected European animation studios to develop short films that creatively intertwine Eastern and Western artistic themes, shaping a distinctive narrative style that promotes global cultural exchange.
As MDJM strategically positions itself within the global market, this public offering serves as a stepping stone for further expansion. The company envisions creating a robust cultural ecosystem founded on storytelling and immersive experiences that promote a fundamentally rich cultural exchange. This commitment is quintessential to enhancing MDJM's global footprint and refining its cultural business portfolio.
In summary, MDJM's closure of the upsized public offering marks a pivotal point in its ongoing mission to integrate diverse cultural experiences, propelling its projects to the forefront of the global cultural scene. This initiative invites investors to participate in MDJM's future growth while reinforcing its dedication to cultural innovation and excellence. For more details on MDJM's innovative projects and future initiatives, potential and current investors can visit the company’s investor relations site at https://www.ir-uoka.com/.
As MDJM continues to navigate the complexities of the contemporary cultural landscape, it stands poised to make a lasting impact with its projects that resonate with diverse audiences worldwide, fostering an appreciation for rich cultural narratives and experiences.
Topics Consumer Products & Retail）
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