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MDwerks, Inc.
- Market Cap
- Unavailable
- Volume
- 10.0K
About
MDWerks, Inc. currently has no substantial business operations. Its primary focus is on completing a strategic business combination, which may include a reverse merger, capital exchange, asset acquisition, stock purchase, or corporate reorganization, with other entities. The company intends to operate within the technology sector, serving multiple industries. Established in 2003, MDWerks, Inc. is headquartered in Rancho Mirage, California.
Quick stats
Shares outstanding—
Computed float228.3M
Float / sharesUnknown
Key info
SectorFinancial Services
IndustryShell Companies
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001295514
Websitehttps://mdwerksinc.com
AI Summary
AI-generated1/3
standardbullishpartnership
MDWerks, Inc. Announces Signed LOI for Proposed Joint Venture Between RF Specialties and Rex Lumber Company
MDWerks' subsidiary RF Specialties signed a non-binding Letter of Intent with Rex Lumber Company to form a joint venture commercializing radio frequency solutions for the lumber industry.
The proposed JV, RF-REX Co, would be owned 51% by RF Specialties and 49% by Rex Lumber, leveraging MDWerks' IP portfolio alongside Rex Lumber's distribution capabilities.
Rex Lumber plans to provide a substantial multi-million-dollar capital investment for the venture and may designate a director to the MDWerks board pending final approvals.
Red flags
- Transaction is currently a non-binding LOI subject to definitive agreements
- Capital investment amount is vague ('substantial multi-million-dollar')