| Over a month ago | ||||
LogicMark (LGMK)… LogicMark (LGMK) announced that some of the medical alert devices in its portfolio and accessories are now available for purchase in Amazon's (AMZN) U.S. store. "Our mission at LogicMark is to let people lead a life with dignity and independence, and in order to do this in a bigger way we need to meet our customers where they are and give them more access to our products," said LogicMark CEO, Chia-Lin Simmons. "Offering our products in the Amazon store is a natural next step and extension of our distribution channels. We're proud and excited to be able to reach more customers and bring peace of mind to the one in four millennials, and the more than half of genX 'sandwich generation' caretakers in the U.S." | ||||
LogicMark announced that… LogicMark announced that the company's board of directors has approved a reverse stock split of its common stock at a ratio of 1 post-split share for every 20 pre-split shares. The company expects that the common stock will begin trading on a split-adjusted basis at the open of trading on Monday, April 24. Chia-Lin Simmons, CEO, commented, "The primary purpose of the reverse split is to bring the company into compliance with Nasdaq Capital Market's $1.00 minimum price requirement. This will enable LogicMark to remain listed and benefit from the advantages of being a NASDAQ listed company. The reverse split will put us in a better position to execute as we work towards launching new innovative products in the coming months." | ||||
| Over a quarter ago | ||||
LogicMark "announced… LogicMark "announced the pricing of its above market underwritten public offering of (i) 10,585,000 units, with each unit consisting of one share of common stock and one warrant to purchase one and one-half shares of common stock and (ii) 3,440,000 pre-funded units, with each pre-funded unit consisting of one pre-funded warrant to purchase one share of common stock and one warrant to purchase one and one-half shares of common stock. Each unit is being sold at a public offering price of $0.371 and each pre-funded unit is being sold at the public offering price per unit, minus $0.001. The warrants in the units and pre-funded units will be immediately exercisable at a price of $0.371 per share and will expire five years from the date of issuance. The shares of common stock and accompanying warrants can only be purchased together in this offering but will be issued separately and will be immediately separable upon issuance. Gross proceeds, before deducting underwriting discounts and commissions and estimated offering expenses, are expected to be approximately $5.2 million." | ||||
