Luda agrees to buy majority stake in AI infrastructure business for $935,000

Luda Technology has signed a $935,000 agreement to buy control of a computing infrastructure business from its own chief operating officer. Announced November 2, the deal would give the steel-products manufacturer a 55% stake in AI Data Quant Tech.

The share purchase agreement was signed on October 29, 2026, following an earlier memorandum of understanding between the parties. Luda describes the acquisition as its entry into computing infrastructure operations management, rather than an extension of its existing steel-products trading business.

Luda manufactures and trades stainless steel and carbon steel flanges and fittings. The proposed purchase would add a different set of services: AI Data Quant Tech specializes in managing data-center planning and construction, renting high-performance computing capacity, and hosting and operating quantum-computing systems, according to the company’s announcement.

Through the target, Luda aims to connect mainland China’s AI ecosystem with international markets.

Cash now, shares as part of the price

Upon completion, Luda would acquire 5,500 ordinary shares of AI Data Quant Tech, representing 55% of its issued share capital. The agreed price combines $600,000 in cash with $335,000 to be paid through newly issued Luda ordinary shares.

Luda says $400,000 of the cash portion has already been paid. The remaining $200,000 is due within three months after the agreement’s execution date.

91,780Luda ordinary shares

The parties calculated the stock consideration by reference to 91,780 Luda ordinary shares at $3.65 each, the closing market price on October 14, 2026.

The seller is also Luda’s COO

The seller, Liu Liangping, is AI Data Quant Tech’s sole director and Luda’s chief operating officer. She also served as a Luda director until June 18, 2026. Her spouse, Ma Biu, is Luda’s chief executive, a director and an ultimate beneficial owner. Those relationships make this a related-party transaction, as Luda explicitly identifies it.

Luda says its audit committee reviewed and approved the acquisition under Section 120 of the NYSE American Company Guide and its own related-person transaction policy.

What remains before the ownership changes

In its transaction risk disclosure, Luda identifies its ability to pay the remaining cash and satisfy the conditions for issuing the consideration shares as outstanding execution risks. It also cautions that integrating AI Data Quant Tech and realizing the expected benefits of expanding into infrastructure management may not proceed as anticipated.