secwatch.observer — SEC 8-K summary
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Issuer:     LUDWIG ENTERPRISES, INC. (LUDG)
CIK:        0001960262
Form:       8-K
Filed at:   2026-02-11T23:59:59+00:00
Accession:  0001213900-26-014722
Event type: debt
Sentiment:  negative
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1960262/000121390026014722/0001213900-26-014722-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1960262/000121390026014722/ea0276571-8k_ludwig.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-014722

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