LogicMark sells 250,000 Series J convertible preferred shares in private placement for $250,000

Reuters2026/07/30 21:21

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LogicMark priced a private placement of 250,000 Series J Convertible Preferred Shares at USD 1 each; offering closed July 30, 2026.
Series J carries USD 1.28 stated value; convertible at investor option from Oct. 30, 2026 at 50% of the 30-day low.
Conversion capped by a 4.99% beneficial ownership limit, adjustable to 9.99% with 61 days’ notice.
Investor gets two votes per share; no dividends; liquidation preference equals greater of stated value or as-converted value.
Company agreed to file a resale registration statement for conversion shares within 90 days under a registration rights agreement.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. LogicMark Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-083402), on July 30, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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LogicMark sells 250,000 Series J convertible preferred shares in private placement for $250,000

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