AcquisitionsJun 26, 2026, 05:02 PM
MDJM Acquires 75% Stake in Mirai Co. for $1M
AI Summary
MDJM LTD, through its wholly-owned subsidiary Mansions Catering and Hotel LTD, has acquired a 75% interest in Mirai Co., Ltd., a Japanese company specializing in consumer electronics and cosmeceutical products. The aggregate purchase price for the acquisition was $1,000,000, with $580,000 paid in cash and the remaining $420,000 to be satisfied by the issuance of 730,000 Class A ordinary shares of MDJM LTD. The filing includes unaudited pro forma condensed combined financial information reflecting the acquisition.
Key Highlights
- MDJM's subsidiary acquired a 75% stake in Mirai Co., Ltd.
- Total purchase price for Mirai Co. was $1,000,000.
- $580,000 of the purchase price was paid in cash.
- The remaining $420,000 will be paid by issuing 730,000 Class A ordinary shares.
- Shares issued at a deemed price of $0.575 per share.
- Mirai Co. reported $33,261,072 in revenues for the year ended Sep 30, 2025.
- Mirai Co. reported net income of $102,714 for the year ended Sep 30, 2025.
- Pro forma combined total assets for MDJM and Mirai are $13,902,262.
Price Impact
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