Financing ·
LogicMark, Inc. closed a private placement of 250,000 shares of Series J Convertible Preferred Stock at $1.00 per…
LGMKDLogicMark, Inc.
LogicMark, Inc. closed a private placement of 250,000 shares of Series J Convertible Preferred Stock at $1.00 per share on July 30, 2026. Each preferred share has a stated value of $1.28 and converts into common stock at 50% of the lowest traded price over the prior 30 trading days, subject to a 4.99% ownership limit. The company also entered into employment agreements with CEO Chia-Lin Simmons ($537,500 base salary) and CFO Mark Archer ($572,000 base salary), both through August 31, 2028, mandating equity holdings of 6% and 2% of outstanding shares respectively. LogicMark operates in the technology sector, providing digital identity verification solutions.