LogicMark, Inc. Announces Pricing of $4.5 Million Public Offering Priced At-The-Market
LogicMark, Inc. Announces Pricing of $4.5 Million Public Offering Priced At-The-Market
Special Stockholder Meeting Also Announced to be Held on October 1, 2024
2024年10月1日還宣佈將召開特別股東大會。
LOUISVILLE, Ky., Aug. 02, 2024 (GLOBE NEWSWIRE) -- LogicMark, Inc. (Nasdaq: LGMK), a provider of personal emergency response systems, health communications devices, and technology for the growing care economy, today announced the pricing of its public offering priced at-the-market, and the scheduling of its special stockholder meeting for October 1, 2024.
2024年8月2日,肯塔基州路易斯維爾(GLOBE NEWSWIRE)--個人應急響應系統、健康通訊設備和服務於不斷增長的護理經濟的技術提供商LogicMark, Inc(納斯達克:LGMK)今天宣佈定價市售公開發行,並計劃於2024年10月1日舉行特別股東大會。
Public Offering
公開發售
The public offering consists of 9,670,000 units, with each unit consisting of one share of common stock (or pre-funded warrant in lieu thereof), one Series A warrant to purchase one share of common stock and one Series B warrant to purchase one share of common stock. Gross proceeds, before deducting placement agent discounts and commissions and estimated offering expenses, are expected to be approximately $4.5 million. The Company currently intends to use the net proceeds from the offering for working capital and general corporate purposes.
公共發行包括967萬個單位,每個單位由一股普通股(或該股的代替認購券)、一系列A認購權買入一股普通股和一系列B認購權買入一股普通股組成。扣除配售代理商折扣和佣金以及預計發售費用之前,募集的總收益預計約爲450萬美元。公司目前打算利用發售所得淨額進行營運資本和一般企業目的。
Each unit is being sold at a public offering price of $0.4654. Each of the Series A warrants and Series B warrants will only be exercisable upon receipt of stockholder approval. Each of the warrants are exercisable at a price of $0.4654 per share, with the Series A warrants expiring 5 years from the date of their issuance and the Series B warrants expiring 2.5 years from the date of their issuance. The shares of common stock (or pre-funded warrants in lieu thereof) and accompanying Series A warrants and Series B warrants included in the units and in the pre-funded units can only be purchased together in the offering but will be issued separately and will be immediately separable upon issuance.
每個單位的公開發行價格爲0.4654美元。系列A認購權和B認購權僅在獲得股東批准後方可行權。每個認購權的行權價格爲0.4654美元,系列A認購權自發放日起5年到期,系列B認購權自發放日起2.5年到期。普通股(或該股的代替認購權)和隨附的系列A認購權和系列B認購權僅可一起購買,但將分別發放,並在發放後立即可分離。
The offering is expected to close on August 5, 2024, subject to customary closing conditions.
該發行預計於2024年8月5日結束,須符合慣常的交割條件。
The offering will be conducted pursuant to the Company's registration statement on Form S-1 (File No. 333-279133), as amended, which was declared effective by the U.S. Securities and Exchange Commission ("SEC"), on August 1, 2024. A final prospectus relating to the offering will be filed with the SEC and will be available on the SEC's website at http://www.sec.gov.
該發行將根據公司提交的S-1表格(文件編號333-279133)進行,該表格已在2024年8月1日被美國證券交易委員會(“SEC”)宣佈生效。與該發行相關的最終招股書將在SEC網站http://www.sec.gov上進行文件備案,可以在該網站上獲取電子招股書的副本。
Electronic copies of the final prospectus relating to this offering, when available, may be obtained on the SEC's website at http://www.sec.gov or by contacting Roth Capital Partners, LLC at 888 San Clemente Drive, Newport Beach CA 92660, by phone at (800) 678-9147.
該發行的最終招股書的電子副本(一旦可用)可以在SEC網站http://www.sec.gov上獲取,也可以通過電話(800)678-9147聯繫Roth Capital Partners,LLC,地址爲紐波特海灘,888 San Clemente Drive,CA 92660。
Roth Capital Partners is acting as exclusive placement agent and Sullivan & Worcester LLP is serving as special counsel for the Company in connection with this offering.
Roth Capital Partners作爲獨家配售代理,Sullivan&Worcester LLP則作爲公司此次發行的特別法律顧問。
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
本新聞稿不構成出售或邀約購買任何證券的要約,也不應在任何國家或地區作出出售或邀約購買的證券之前,進行註冊或符合任何此類國家或地區證券法律的資格。
Special Meeting of Stockholders
股東特別會議
The Company also announced today that it intends to hold a Special Meeting of its Stockholders on October 1, 2024 for the purpose of (a) seeking approval for (a) a reverse split of the Company's shares of common stock and shares of Series C preferred stock, and (b) approval for the issuance of 20% or more of its shares of common stock in connection with the offering described above, in each case in order to maintain compliance with Nasdaq Capital Market listing requirements. Stockholders of record as of August 5, 2024, will be entitled to vote. The special meeting will be held at the offices of Sullivan & Worcester LLP at 1251 Avenue of the Americas, 19th Floor, New York, NY 10020. The specific time of the special meeting will be announced at a later date.
該公司還宣佈,將於2024年10月1日舉行股東特別會議,目的是(a)尋求批准股票的拆細,以及股票C系列優先股的拆細,以及(b)批准招股書中所述發行20%或更多的普通股票,以維持納斯達克資本市場的上市要求。截至2024年8月5日的股東名單將有投票權。特別股東大會將在Sullivan&Worcester LLP的辦公室舉行,地址爲美國紐約市第六大道1251號,19樓,10020。特別會議的具體時間將在稍後公佈。
All press releases, SEC filings, and webcast replays are accessible on the LogicMark, Inc. investor relations website.
所有新聞稿、SEC文件和網絡直播重播都可以在LogicMark,Inc.的投資者關係網站上訪問。
About Us
LogicMark, Inc. (Nasdaq: LGMK) is on a mission to let people of all ages lead a life with dignity, independence, and the joy of possibility. The Company provides personal safety and emergency response systems, health communications devices, personal safety apps, services, and technologies to create a Connected Care Platform. Made up of a team of leading technologists with a deep understanding of IoT, AI, and machine learning and a passionate focus on understanding consumer needs, LogicMark is dedicated to building a 'Care Village' with proprietary technology and creating innovative solutions for the care economy. The Company's PERS technologies are sold through the United States Veterans Health Administration, dealers, distributors, and direct-to-consumer. LogicMark has been awarded a contract by the U.S. General Services Administration that enables the Company to distribute its products to federal, state, and local governments. For more information visit LogicMark.com.
關於我們
LogicMark,Inc.(納斯達克:LGMK)旨在讓所有年齡段的人們過上尊嚴、獨立和充滿可能性的生活。該公司提供個人安全和緊急響應系統,健康通信設備,個人安全應用程序,服務和技術,以創建連接護理平台。由一組領先的技術專家組成,他們深刻理解物聯網、人工智能和機器學習,並專注於理解消費者需求,LogicMark致力於構建具有專有技術的“護理村莊”,併爲護理經濟創造創新解決方案。該公司的PERS技術通過美國退伍軍人事務部,經銷商,分銷商和直接向消費者銷售。LogicMark已獲得美國總務管理局的合同,使該公司可以向聯邦,州和地方政府分銷其產品。欲了解更多信息,請訪問LogicMark.com。
Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect management's current expectations, as of the date of this press release, and involve certain risks and uncertainties. Forward-looking statements include statements herein with respect to, among other things, the completion of the public offering discussed above, the satisfaction of customary closing conditions related to such offering, the anticipated use of proceeds from such offering, the Company's intention to hold a special meeting of its stockholders in October 2024,and the successful execution of the Company's business strategy. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of various factors. Such risks and uncertainties include, among other things, our ability to establish and maintain the proprietary nature of our technology through the patent process, as well as our ability to possibly license from others patents and patent applications necessary to develop products; the availability of financing; the Company's ability to implement its long-range business plan for various applications of its technology; the Company's ability to enter into agreements with any necessary marketing and/or distribution partners; the impact of competition, the obtaining and maintenance of any necessary regulatory clearances applicable to applications of the Company's technology; the Company's ability to hold its special meeting in order to approve the proposals described above, the Company's ability to maintain its Nasdaq listing for its common stock; and management of growth and other risks and uncertainties that may be detailed from time to time in the Company's reports filed with the SEC.
關於前瞻性聲明的警示性聲明
本發佈將包含適用證券法的前瞻性信息("前瞻性聲明"),涉及Descartes的運輸管理解決方案和潛在的由此獲得的好處;和其他事項。這樣的前瞻性聲明涉及已知和未知的風險、不確定性、假設和其他因素,可能導致實際結果、表現或成就不同於預期的結果、表現或成就或發生的發展所表達或暗示的發展。諸如代表性的因素和假設在提交給證券交易委員會、安大略證券委員會和加拿大全國證券委員會的文件中討論,包括Descartes最近提交的管理層討論和分析文檔中。如果任何此類風險確實發生,他們可能會對我們的業務、財務狀況或運營結果造成實質性的負面影響。如果出現這種情況,我們普通股的交易價格可能會下跌,甚至可能趨於實質。讀者被警告不要對任何此類前瞻性聲明抱有過高的依賴性,這些聲明僅在發表之日有效。前瞻性聲明是爲了提供關於管理層當前的期望和計劃,涉及未來的目的。讀者被警告,這樣的信息可能不適用於其他目的。我們不承擔任何更新或修訂任何前瞻性聲明的任何義務或承諾,以反映任何基於法律要求的期望或任何該聲明所基於的事實、情況或環境的任何變化,除非法律規定。
本新聞發佈中包含根據1995年《私人證券訴訟改革法》(Private Securities Litigation Reform Act)作出的前瞻性聲明。前瞻性聲明反映了公司管理層截至本新聞發佈日期的當前期望,並涉及某些風險和不確定性。前瞻性聲明包括此處所述的事項,涉及的其他事項包括完成上述公開發行,滿足與該發行相關的通常收盤條件,根據此類發行預期的收益使用,公司打算在2024年10月召開股東特別會議,併成功執行公司的業務策略。由於各種因素,公司的實際結果可能與這些前瞻性聲明所預期的結果有所不同。此類風險和不確定性申述包括但不限於:我們能否通過專利申請過程建立和保持我們技術的專有性質,以及我們可能從其他人處獲得必要的專利和專利申請以開發出產品的許可;融資的可獲得性;公司能否爲其技術的各種應用實施其長期業務計劃;公司能否與任何必要的營銷和/或分銷夥伴達成協議;競爭的影響;獲得和維持公司技術應用所需的任何必要的監管許可;公司能否召開特別股東大會,以批准上述提議,公司能否爲其普通股保持納斯達克上市;以及增長管控和其他風險及不確定因素,可能會從時間到時間詳細說明在公司提交給SEC的報告。
Investor Relations Contact
investors@logicmark.com
投資人關係聯繫人
investors@logicmark.com
Source: LogicMark, Inc.
資料來源:LogicMark,Inc.