AcquisitionsJun 11, 2026, 05:01 PM
MDJM Closes 75% Equity Acquisition of Mirai Co., Ltd.
AI Summary
MDJM LTD announced the closing of its previously disclosed acquisition of a 75% equity interest in Mirai Co., Ltd. through its wholly-owned subsidiary, Mansions Catering and Hotel LTD. Concurrently, an amendment to the Share Purchase Agreement was executed, detailing that the third installment of the purchase price will be satisfied by MDJM issuing 730,000 Class A ordinary shares at a deemed price of US$0.575 per share. The amendment also includes a special tax audit undertaking and indemnity from the Seller for certain pending tax audits.
Key Highlights
- MDJM's wholly-owned subsidiary, Mansions Catering and Hotel LTD, completed the acquisition of 75% equity interest in Mirai Co., Ltd.
- The Purchaser acquired 45 issued shares of common stock of Mirai, representing 75% of its outstanding shares.
- An amendment to the Share Purchase Agreement was entered into on June 11, 2026.
- The third installment of the purchase price will be satisfied by issuing 730,000 newly issued Class A ordinary shares of MDJM.
- The shares are issued to the Seller or nominee at a deemed price of US$0.575 per share.
- The Seller agreed to a special tax audit undertaking and indemnity for certain pending tax audits.
Price Impact
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