MDJM Ltd Announces $2.45 Million Private Placement

Core Viewpoint - MDJM LTD has announced a private placement to raise approximately $2.45 million through the issuance of units consisting of ordinary shares and warrants [1][2]. Group 1: Private Placement Details - The company will issue a total of 2,722,224 units at a purchase price of$0.90 per unit [2]. - Each unit includes one ordinary share, one Series A warrant with an exercise price of $1.35, and one Series B warrant with an exercise price of$0.001 [2]. - The Series A and Series B warrants will be exercisable upon issuance and will have a term of three and a half years [2]. Group 2: Placement Agent and Regulatory Information - Maxim Group LLC is acting as the sole placement agent for this offering [3]. - The securities are offered in a private placement exempt from registration requirements under the Securities Act of 1933 and applicable state securities laws [3]. Group 3: Company Overview - MDJM LTD is focused on transforming historical properties into cultural hubs that integrate modern technology with historical value [4]. - The company is expanding its operations in the UK, with projects like Fernie Castle in Scotland and the Robin Hill Property in England [4]. - MDJM aims to promote cultural exchanges through its properties, enhancing its global market presence [4].