---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-014722"
form_type: "8-K"
ticker: "LUDG"
cik: "0001960262"
company_name: "LUDWIG ENTERPRISES, INC."
filed_at: "2026-02-11T23:59:59+00:00"
generated_at: "2026-05-16T03:23:53.438606+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-26-014722
- form_type: 8-K
- ticker: LUDG
- cik: 0001960262
- company_name: LUDWIG ENTERPRISES, INC.
- filed_at: 2026-02-11T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1960262/000121390026014722/0001213900-26-014722-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1960262/000121390026014722/ea0276571-8k_ludwig.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-014722
- JSON: https://secwatch.observer/filing/0001213900-26-014722.json
- Plain text: https://secwatch.observer/filing/0001213900-26-014722.txt

## Key facts
- Debt Financings
  LUDWIG ENTERPRISES, INC. incurred convertible notes of $250,000 with Alumni Capital LP maturing May 4, 2026.
  - Instrument: convertible notes
  - Principal: $250,000
  - Counterparty: Alumni Capital LP
  - Maturity: May 4, 2026
  - Event: incurrence
  source text: the Company issued the Note to the Investor, creating a direct financial obligation of the Company. The Note has an original principal amount of $250,000 and matures on May 4, 2026.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1960262/000121390026014722/0001213900-26-014722-index.htm
- Equity Issuances
  LUDWIG ENTERPRISES, INC. issued 4,166,667 shares of Common Stock of warrant to Alumni Capital LP for exercise price of $0.06 per share.
  - Security: warrant
  - Shares: 4,166,667 shares of Common Stock
  - Purchaser: Alumni Capital LP
  - Consideration: exercise price of $0.06 per share
  source text: The Warrant is exercisable for up to 4,166,667 shares of Common Stock at an exercise price of $0.06 per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1960262/000121390026014722/0001213900-26-014722-index.htm
- Equity Issuances
  LUDWIG ENTERPRISES, INC. issued convertible note to Alumni Capital LP for $250,000 original principal amount.
  - Security: convertible note
  - Purchaser: Alumni Capital LP
  - Consideration: $250,000 original principal amount
  source text: the Company issued to the Investor (i) a convertible promissory note in the original principal amount of $250,000 (the "Note") and (ii) a common stock purchase warrant
  evidence_url: https://www.sec.gov/Archives/edgar/data/1960262/000121390026014722/0001213900-26-014722-index.htm
- Material Agreements
  LUDWIG ENTERPRISES, INC. entered into Securities Purchase Agreement with Alumni Capital LP valued at $250,000 (effective 2026-02-05).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Alumni Capital LP
  - Value: $250,000
  - Effective: 2026-02-05
  source text: On February 5, 2026 (the “Subscription Date”), Ludwig Enterprises, Inc. (the “Company”) entered into a Securities Purchase Agreement (the “Purchase Agreement”) with Alumni Capital LP (the “Investor”) pursuant to which, among other things, the Company issued to the Investor (i) a convertible promissory note in the original principal amount of $250,000
  evidence_url: https://www.sec.gov/Archives/edgar/data/1960262/000121390026014722/0001213900-26-014722-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.