secwatch.observer — SEC 8-K summary
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Issuer:     LogicMark, Inc. (LGMK)
CIK:        0001566826
Form:       8-K
Filed at:   2024-11-13T23:59:59+00:00
Accession:  0001213900-24-097187
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02
LLM model:  deepseek-v4-flash:cloud@v2

LogicMark issues Series H and I preferred stock to settle warrant claims, avoid reverse split dilution
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- Company entered settlement agreements with holders of 9,670,000 Series B warrant shares.
- Issued 1,000 shares of Series H convertible preferred at $1,000 stated value, convertible at $0.4654/share.
- Conversion price resets after reverse split to floor of $0.1785; potential ~2,148,689 common shares.
- Also issued 1,000 shares of Series I non-convertible voting preferred, each with 2 votes.
- Holders receive 50% participation rights in future cash financings for 12 months and registration rights.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1566826/000121390024097187/0001213900-24-097187-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1566826/000121390024097187/ea0221022-8k_logicmark.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-097187

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