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Tag: NASDAQ: MKD

  • Bears Are Right To Worry About Molecular Data (MKD)

    Taking a look at Molecular Data Inc. (NASDAQ: MKD) there is little to marvel at, or even panic over. Its share price alone has been largely stable without deviating too much in the last 3 months. However, taking a broader look at the stock would reveal a plummet of almost 92% in the last 12 months.

    The Deadly Notification by NASDAQ to MKD

    Talks about a possible delisting of Molecular Data has been dominating the discourse surrounding the stock for a few months now. This has understandably contributed to the pessimism surrounding the stock. The notification earlier this year by NASDAQ, communicating compliance failure with a minimum bid price of $1, threatens the stock’s prospects at the exchange. A hearing has been called where the company will make its case before a final decision will eventually be made. The stock’s present price of $0.55 worsens its predicament and has many speculating that delisting may be imminent. Despite this, however, its short float still stands at a modest 7%, indicating that many are choosing to wait and watch developments.

    Molecular Data Future Outlook

    Before the company can focus on a forward path, its present focus remains its fight for survival. Getting delisted on NASDAQ could send MKD crashing down, which would have dire consequences in terms of its financial viability. The stock has already been facing the brunt of Chinese Covid-related headwinds, that have sent even the mightiest of stocks on their knees. A penny stock such as MKD hardly stands a chance to soar in such conditions. Even in the case of a positive result coming from the NASDAQ hearing, the company would need to work on its financial sustainability.

    Conclusion

    MKD is arguably facing one of the worst circumstances and is eagerly hoping for a positive update regarding its NASDAQ non-compliance hearing. Market participants are eagerly watching as MKD has already been heavily driven down in the last year.

  • MKD Stock Signs A Cooperating Agreement With Anhui Shilian Special Solvent Co.Ltd, China’s Largest Specialty Solvent Producer

    MKD Stock Signs A Cooperating Agreement With Anhui Shilian Special Solvent Co.Ltd, China’s Largest Specialty Solvent Producer

    MKD Stock, China’s leading technology-based platform has signed up for a joint venture with Anhui Shilian Special Solvent Co. Ltd, one of the most significant manufacturers in China’s liquor market, producing high-quality specialty solvents. The two parties are expected to increase cooperation to develop high-purity solvent series as an attempt to expand market share in the food and beverage industry and provide industry users with more diversified and high-quality products and services.

    MKD plans to sell products via e-commerce through an independent internet channel and provide a digital management system. This will optimize the distribution network, it will also enhance Anhui Shilian’s market share in the industry, hence giving their target customers a more efficient and effective experience.

     

    About The Contract Regulations Between MKD And Anhui Shilian Special Solvent Co. Ltd

    In accordance to the contract, MKD will have a key role in supplying chemical solvents, biological reagents, laboratory consumables, as well as adequate machinery and equipment for Gujing and the companies linked to it, which also specialize in the production of high purity solvents.

    MKD will produce nearly 2 million stock-keeping units (SKUs) that Gujing ordered from its 21 professional, local and outsourced laboratory brands and manufacturers.

    Gujing’s research capabilities in the liquor industry will be further enhanced by MKD’s ability to provide an e-commerce service platform and procurement services that include an immense variety of high-quality solvents, in accordance with the standards of internationally recognized laboratories

    Conclusion

    MKD has a detailed coverage that entails distribution network and e-commerce. This joint venture will help enhance Anhui capabilities in the high-purity solvent industry and help to provide diversified services bringing digital upgrades to the industry.

  • Molecular Data Inc [MKD] Rallies after Bouncing Off Key Support Level

    Molecular Data Inc [MKD] Rallies after Bouncing Off Key Support Level

    Molecular Data Inc [NASDAQ:MKD] was a top performer yesterday after it bounced off a key support level. This is an indicator that investors expect the stock to hold up above this level in the near-term. MKD recently announced that it will be entering into a definitive agreement with Cayman Islands’ exempt YA II PN, Ltd., that is under the management of Yorkville Advisor Global, LP.

    In the agreement, Molecular Data is set to issue and sell convertible debentures worth an aggregate principal of US$5.0 million in a private placement that will be subject to customary closing conditions.

    Issuing and selling of the convertible debentures will be on instalments that will adhere to the following schedule:

    1. Upon signing of the definitive agreement, there will be a sale of convertible debentures worth US$3.0 million.
    2. Upon the filing of a registration statement with the SEC (Securities and Exchange Commission) convertibles debentures worth US$1.0 million will be issues and bought
    • When the SEC declares the registration statement effective, convertible debentures worth US$1.0 million to be issued and bought.

    The convertible debentures issued attract an annual interest rate of 5%. They are set to mature within one year after the issuance date as long as they are not redeemed or converted based on the terms set before the maturity date.

    The purchasing party has the right to convert the convertible debentures in part or entirely at any time, based on the terms of the agreement and upon compliance with those terms. If the purchaser converts the convertible debentures, the selling company will have to deliver to the purchaser American depository shares of the company. Projections show that the initial conversion price will either be the lower of US$1.30 for every ADS unit or 88% of the benchmark price of the Company’s ADSs.

    About Molecular Data Inc

    Molecular Data Inc., is an international technology-driven company that forms part of China’s chemical industry. It helps connect companies in the chemical value chain using integrated and updated solutions. Among the services, the company provides in this industry include financial solutions, warehousing and logistics, e-commerce, and SaaS suite to help facilitate operations within the chemical industry. The e-commerce solutions that the company offers work on an integrated knowledge engine as well as artificial intelligence (AI) capabilities and mainly offer those services on the company’s online platform. The online platform allows for scaling these solutions to unlimited levels. This platform consists of Moku Data WeChat, molbase.cn, molbase.com, and Chemical Community App among other supporting platforms.