---
schema_version: "secwatch.filing_event.v1"
accession: "0001575872-23-000631"
form_type: "8-K"
ticker: null
cik: "0001335112"
company_name: "LOGIQ, INC."
filed_at: "2023-04-26T23:59:59+00:00"
generated_at: "2026-06-16T12:07:25.666521+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Logiq acquires Park Place Payments in all-stock deal valued at over $6M

## Summary
- All-stock deal: 14.65M shares issued (9.77M earnout); value >$6M after milestones.
- Park Place: 1,500+ account executives, $180M+ annualized volume; expects >$5M revenue and positive cash flow in 2023.
- Founder/CEO Samantha Ettus stays; Logiq plans cross-selling lead gen and fintech products (insurance/lending).
- Target: Park Place revenue $15M+ next year, sales force to 40,000+ account executives.
- Logiq plans further M&A to add complementary brands and leverage AI-driven advertising platform.

## SEC filing metadata
- accession: 0001575872-23-000631
- form_type: 8-K
- cik: 0001335112
- company_name: LOGIQ, INC.
- filed_at: 2023-04-26T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1335112/000157587223000631/0001575872-23-000631-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1335112/000157587223000631/lgiq-20230421.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001575872-23-000631
- JSON: https://secwatch.observer/filing/0001575872-23-000631.json
- Plain text: https://secwatch.observer/filing/0001575872-23-000631.txt

## Key facts
- M&A Transactions
  LOGIQ, INC. completed an acquisition involving Park Place Payments, Inc. (closed 2023-04-25).
  - Action: acquisition
  - Counterparty: Park Place Payments, Inc.
  - Closing: 2023-04-25
  source text: On April 25, 2023, the Company, Park Place, and the Stakeholders consummated the transactions contemplated by the Share Exchange Agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1335112/000157587223000631/0001575872-23-000631-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.