LogicMark, Inc. Announces Pricing of $14.4 Million Public Offering and Plan to Hold Special Stockholder Meeting on March 24, 2025

Public Offering - LogicMark, Inc. announced a public offering consisting 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][4] - Each unit is priced at $0.59 per share, with Series C warrants exercisable at $0.59 and Series D warrants at $0.885, subject to stockholder approval [3][4] - The net proceeds will be used for sales and marketing support, working capital, and general corporate purposes [2] Special Meeting of Stockholders - A Special Meeting of Stockholders is scheduled for March 24, 2025, to seek approval for a reverse stock split, issuance of 20% or more of shares 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] Company Overview - LogicMark, Inc. provides personal emergency response systems and health communication devices, focusing on the care economy [10][11] - The company aims to create a "Care Village" with proprietary technology and innovative solutions, leveraging IoT, AI, and machine learning [11]