Luduson Holding Company Limited entered into a share exchange agreement to acquire Baja Custom Design, Inc. in a reverse merger transaction for $1.3 million.

Luduson Holding Company Limited entered into a share exchange agreement to acquire Baja Custom Design, Inc. (OTCPK:BJCD) in a reverse merger transaction for $1.3 million on May 8, 2020. As per the agreement, Baja Custom Design, Inc. will issue 10 million common shares at a value of $0.1 per share to acquire 0.01 ordinary shares of Luduson Holding Company Limited. The parties are entitled to terminate the share exchange agreement if closing has not occurred on or prior to August 1, 2020.

The transaction is subject to normal and customary conditions and satisfactory due diligence of Luduson Holding Company Limited. The transaction is expected to be completed by August 1, 2020.