Item 8.01. Other Events

On November 22, 2021, Carnegie Development, Inc. (the "Company" or the "Issuer") entered into a Subscription Agreement and Letter of Investment Intent to issue 4,761,905 shares of Common Stock at an aggregate consideration value of $1,000,000 ($0.21 per share) to Lynn Investments, LLC, a Texas limited liability company, in consideration of the acquisition by the Issuer of 100% of the membership interest in LaJolla Construction Management, LLC, a Texas limited liability company ("LaJolla"), which is engaged in the business of management of construction projects for a fee. The shares of Common Stock issued constitute less than 5% of the issued and outstanding shares of Common Stock of the Issuer and will, when issued, be restricted securities. No underwriter or broker was involved in the transaction, and no commissions were paid to any person or entity. The overall transaction did not involve any public offering and would qualify as an exempt transaction under Section 4(a)(2) under the Securities Act of 1933, as amended.






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