LogicMark adopts 15% trigger poison pill after Winvest claims 67% ownership

LogicMark, Inc.

Board adopted Rights Agreement; each share gets one Right exercisable for 1/100th of Series G preferred at $0.05.
Winvest filed Schedule 13D claiming ~67% ownership; company says Winvest holds less than a majority of voting power.
Winvest attempted to amend bylaws and replace board via written consent; company sent cease-and-desist letter.
Series G Non-Convertible Voting Preferred Stock authorized (1M shares) with 100 votes per share.
Rights expire Nov 2027 unless extended; redeemable at $0.0001 per Right before a Flip-In Event.

item 1.01 item 3.03 item 5.03 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

LogicMark, Inc.: Filed Certificate of Designation establishing Series G Non-Convertible Voting Preferred Stock (effective 2024-11-01).

Change: charter amendment
Effective: 2024-11-01

Exact text from the filing

On November 1, 2024, the Company filed a Certificate of Designation, Preferences, and Rights of Series G Non-Convertible Voting Preferred Stock (the “Certificate of Designation”) with the Secretary of State of the State of Nevada (the “Nevada Secretary of State”) to designate 1,000,000 shares of the Company’s authorized and unissued preferred stock as the Preferred Stock and establish the rights, preferences, privileges, qualifications, restrictions, and limitations relating to the Preferred Stock as described in Item 1.01 of this Form 8-K.

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LogicMark, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-24-093557

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