LogicMark, Inc. Common Stock to Commence Trading on OTC Markets as the Company Continues Advancing Growth Initiatives

Core Viewpoint - LogicMark, Inc. has transitioned to trading on the OTC Markets following its delisting from Nasdaq due to non-compliance with the minimum bid price requirement of $1.00 [1][2] Group 1: Company Transition and Financial Position - The transition to OTC Markets allows LogicMark to maintain access to public capital while focusing on operational execution and long-term growth [2] - The company reported $15 million in cash and short-term investments at the end of the first quarter, which supports its strategic priorities [2] Group 2: Business Model and Offerings - LogicMark provides personal emergency response systems (PERS), health communication devices, and personal safety apps, aiming to create a Connected Care Platform [3][4] - The company is dedicated to building a 'Care Village' with proprietary technology and innovative solutions for the care economy [4] Group 3: Market Presence and Distribution - LogicMark's PERS technologies are sold through various channels, including the U.S. Veterans Health Administration and directly to consumers [4] - The company has secured a contract with the U.S. General Services Administration, enabling it to distribute products to federal, state, and local governments [4]