MKD Technology Inc. entered a Business Combination Agreement to acquire Cetus Capital Acquisition Corp. (NasdaqCM:CETU) from Cetus Sponsor LLC and others in a reverse merger transaction of $230 million on June 20, 2023. The merger ratio is 1:1. The acquisition is expected to close on August 20, 2023.

As of February 7, 2024, the business combination date has been changed from February 3, 2024 to August 3, 2024. Huan Lou and David Manno of Sichenzia Ross Ference LLP acted as legal advisor to MKD Technology Inc. Michael T. Campoli of Pryor Cashman LLP acted as legal advisor to Cetus Capital Acquisition Corp.