LogicMark sells 250K Series J Preferred at $1.00; conversion at 50% of lowest 30-day price; new CEO/CFO contracts

LogicMark, Inc.

Sold 250,000 Series J Preferred Shares to White Lion Capital at $1.00/share; stated value $1.28; convertible after Oct 30, 2026 at 50% of lowest 30-day trading price.
CEO Chia-Lin Simmons: $537,500 base salary, up to 100% bonus, must hold 6% of outstanding common via restricted shares; single-trigger acceleration on change of control.
CFO Mark Archer: $572,000 base salary, discretionary bonus, must hold 2% of outstanding common via restricted shares; 18-month severance for termination without cause.
Preferred shares rank senior to common, junior to Series C; 2 votes per share; no dividends; one-time redemption right on Oct 30, 2026.
Registration rights agreement requires filing resale registration statement within 90 days.

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