secwatch.observer — SEC 8-K summary
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Issuer:     LogicMark, Inc. (LGMK)
CIK:        0001566826
Form:       8-K/A
Filed at:   2023-11-21T23:59:59+00:00
Accession:  0001213900-23-089246
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 9.01, 3.02
LLM model:  deepseek-v4-flash:cloud@v2

LogicMark amends warrant inducement to exercise up to ~909K shares for ~$1.3M gross proceeds
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- Correction: number of shares issuable upon exercise of Existing Warrants amended.
- Holders of Sept. 2021 and Jan. 2023 warrants may exercise for cash at $2.00/share (or $2.00 per 1.5 shares for Jan. 2023 warrants).
- Company will issue new Series A and Series B warrants for 200% of shares exercised; exercise price $2.00/share.
- Aggregate gross proceeds up to ~$1.3M before fees; financial advisor fee 7% of gross proceeds.
- New warrants include immediate exercisable (Series A-1/B-1) and stockholder-approval-dependent (Series A-2/B-2) tranches.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1566826/000121390023089246/0001213900-23-089246-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1566826/000121390023089246/ea188854-8ka1_logicmark.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-089246

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