other material
confidence high
sentiment neutral
materiality 0.60
LogicMark effects 1-for-25 reverse stock split to regain Nasdaq $1 minimum bid compliance
LogicMark, Inc.
- Reverse stock split at 1:25 ratio for common stock and Series C preferred stock, effective Nov 18, 2024.
- Approved at stockholder special meeting Oct 1, 2024; common stock begins split-adjusted trading Nov 19, 2024.
- New CUSIP number for common stock: 67091J 602; Nevada Agency and Transfer acting as exchange agent.
- CEO Chia-Lin Simmons states split is to maintain Nasdaq listing and support upcoming product launches.
- No fractional shares issued; post-split shares rounded up to nearest whole share.