secwatch.observer — SEC 8-K summary
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Issuer:     LUDWIG ENTERPRISES, INC. (LUDG)
CIK:        0001960262
Form:       8-K
Filed at:   2025-01-07T23:59:59+00:00
Accession:  0001213900-25-001275
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ludwig Enterprises sells Exousia Ai to Marijuana, Inc. for $500K in stock and note
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- Sold 100% of Exousia Ai to Marijuana, Inc. (MAJI) for $500,000 total consideration.
- Consideration: 47M shares of MAJI common stock and a $100K promissory note at 8% interest, due Dec 31, 2025.
- Ludwig agreed to a lock-up of the MAJI shares until six months after MAJI's uplisting to NASDAQ or NYSE American.
- Closing occurred on January 1, 2025, following board approval to focus on Revealia test kit products.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1960262/000121390025001275/0001213900-25-001275-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1960262/000121390025001275/ea0226928-8k_ludwig.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-001275

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer