AcquisitionsOct 29, 2026, 04:07 PM
FOXO Technologies to Acquire Majority Voting Control in Ludwig Enterprises
AI Summary
FOXO Technologies Inc. has entered into agreements to acquire a controlling stake in Ludwig Enterprises, Inc. The transactions include the purchase of 5,000,000 shares of Ludwig preferred stock and approximately $1,000,000 in Ludwig notes. These acquisitions are intended to give FOXO voting control over Ludwig, which is developing mRNA genomic technology for detecting inflammation. The deal is contingent on FOXO's Nasdaq listing, a satisfactory financing round, and other customary closing conditions.
Key Highlights
- FOXO Technologies Inc. to acquire 5,000,000 shares of Ludwig Enterprises, Inc. preferred stock, representing approximately 71.43% of outstanding preferred stock.
- FOXO will acquire Ludwig notes totaling approximately $1,000,000.
- The acquisitions are intended to provide FOXO with voting control of Ludwig.
- Closing is conditioned on FOXO's common stock listing on Nasdaq and completion of a satisfactory financing.
- Ludwig Enterprises is developing products using proprietary mRNA genomic technology for inflammation detection.
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