MDJM (MDJH) has released an update.
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MDJM LTD, a company incorporated in the Cayman Islands, announces the issuance of Series A Warrants allowing holders to purchase ordinary shares at a set exercise price, with specific terms and adjustments detailed within. The Warrants, which are not registered under the Securities Act of 1933, offer flexibility in exercising the purchase option for cash or through a cashless exercise mechanism. Important conditions include the company’s obligation to deliver Warrant Shares, potential liquidated damages for delivery failures, and the provision for cash payments under certain circumstances.
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