Ludwig Enterprises closes $200K convertible note and warrant placement with Alumni Capital LP

LUDWIG ENTERPRISES, INC.

Issued $250K convertible promissory note to Alumni Capital LP; maturity May 4, 2026; net proceeds $200K after original issue discount.
Note convertible at 70% of lowest 20-day VWAP before conversion; warrant for up to 4,166,667 shares at $0.06 per share.
Securities sold under Section 4(a)(2) and Regulation D; unregistered; no commissions paid.
Conversion price set at deep discount to market; terms imply significant dilution upon conversion or warrant exercise.
Proceeds likely used for general working capital; short maturity indicates urgent financing need.

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