secwatch.observer — SEC 8-K summary
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Issuer:     LogicMark, Inc. (LGMK)
CIK:        0001566826
Form:       8-K
Filed at:   2024-11-14T23:59:59+00:00
Accession:  0001213900-24-098390
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LogicMark designates Series H and I preferred stock; issues 1,000 shares each to settle warrant holders
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- Series H Convertible Non-Voting Preferred: 1,000 shares, stated value $1,000, convertible at $0.4654 into ~2.15M common shares.
- Series I Non-Convertible Voting Preferred: 1,000 shares, each carrying 2 votes on all stockholder matters.
- Both series issued to holders of Series B warrants for up to 9.67M common shares as part of settlement agreements.
- Conversion price for Series H may reset after next reverse stock split to lower of VWAP or floor of $0.1785.
- Series I shares automatically redeemed for no consideration upon conversion/sale of Series H on a one-for-one basis.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1566826/000121390024098390/0001213900-24-098390-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1566826/000121390024098390/ea0221129-8k_logicmark.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-098390

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