Recent Updates — LGMKD

LogicMark, Inc. entered into an Agreement and Plan of Merger with Langham Project, LLC on July 31, 2026, under which a subsidiary will merge with the company. Upon completion, each share of common stock will be cancelled and converted into $1.31 in cash. Outstanding warrants will be redeemed, and options will be exercised for the excess value over their strike price. The company also expects to pay approximately $2 million plus accrued interest to Series C preferred shareholders from existing cash reserves. Parent will cover $1.5 million in transaction fees, while a $150,000 termination fee applies if LogicMark exercises its fiduciary out right before shareholder approval. The merger requires majority shareholder approval excluding Series J shares and is contingent on the company ceasing public reporting status via Form 15 filing.

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.