other material
confidence high
sentiment neutral
materiality 0.70
LogicMark increases authorized shares 8x and obtains reverse split authorization
LogicMark, Inc.
- Authorized shares raised from 110M to 880M (800M common, 80M preferred) via charter amendment filed March 27.
- Stockholders approved reverse stock split (1:10 to 1:50) with board discretion, to be completed by Dec 31, 2025.
- Warrant exercise issuance of 20%+ of outstanding shares (Series C/D warrants) also approved.
- Reverse split and proportional adjustment for Series C Preferred Stock approved by stockholders.
- Votes: reverse split 3.86M for, authorized share increase 3.85M for; quorum of 4.00M votes present.