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MDJM Closes $6 Million Upsized Follow-On Offering With Series A Warrants
MDJM Ltd. successfully closed a $6 million underwritten follow-on public offering, including Class A ordinary shares and Series A warrants, priced at $1.40 per unit. The offering, managed by Maxim Group LLC, aims to bolster MDJM’s funding for cultural venue developments and global expansion. The Series A warrants are immediately exercisable for one year and include a zero-cash exercise option, potentially increasing future equity dilution.