other material
confidence high
sentiment neutral
materiality 0.80
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.