Core Viewpoint - LogicMark, Inc. has announced a public offering of units and a special stockholder meeting scheduled for March 24, 2025, to seek approvals for various corporate actions [1][8]. Public Offering - The public offering consists of 2,260,000 units and 22,146,750 pre-funded units, with gross proceeds expected to be approximately $14.4 million before fees and expenses [2]. - Each unit is priced at $0.59 per share, and includes Series C and Series D warrants, which are exercisable upon stockholder approval [3]. - The offering is expected to close on February 18, 2025, subject to customary closing conditions [4]. Use of Proceeds - The net proceeds from the offering will be used for sales and marketing support of existing and new products, working capital, and general corporate purposes [2]. Special Meeting of Stockholders - The special meeting will address the approval of a reverse stock split, issuance of 20% or more of common stock in connection with the offering, and increasing the number of authorized shares [8]. - Stockholders of record as of February 18, 2025, will be entitled to vote at the meeting [8]. Regulatory Filings - The offering is conducted under the Company's registration statement on Form S-1, which was declared effective by the SEC on February 14, 2025 [5]. - A final prospectus will be filed with the SEC and will be available on their website [5][6]. Company Overview - LogicMark, Inc. provides personal emergency response systems and health communication devices, focusing on creating a Connected Care Platform [10][11]. - The company aims to enhance the quality of life for individuals through innovative technology solutions in the care economy [11].
LogicMark, Inc. Announces Pricing of $14.4 Million Public Offering and Plan to Hold Special Stockholder Meeting on March 24, 2025