LogicMark, Inc. Files S-1/A Amendment

TL;DR

LogicMark (formerly Nxt-ID) filed an S-1/A amendment on Jan 21, 2025. NV corp, KY HQ.

AI Summary

LogicMark, Inc. filed an amendment (S-1/A) on January 21, 2025, for its registration statement. The company, formerly known as Nxt-ID, Inc., is incorporated in Nevada and headquartered in Louisville, KY. This filing relates to the registration of securities under the Securities Act of 1933.

Why It Matters

This S-1/A filing indicates LogicMark, Inc. is actively pursuing a securities offering or making significant updates to its public registration, which could impact its capital structure and future operations.

Risk Assessment

Risk Level: medium — S-1/A filings often relate to capital raises or significant corporate changes, which carry inherent risks for investors.

Key Numbers

• 333-284135 — SEC Registration Number (Identifies the specific registration statement being amended.)
• 1231 — Fiscal Year End (Indicates the company's financial year closes on December 31st.)

Key Players & Entities

• LogicMark, Inc. (company) — Registrant
• Nxt-ID, Inc. (company) — Former company name
• Mark Archer (person) — Chief Financial Officer
• January 21, 2025 (date) — Filing date
• 333-284135 (registration_number) — SEC registration number

FAQ

Key Financial Figures

• $1.44 — Units") at an assumed offering price of $1.44 per Unit, which is equal to the closing
• $0.0001 — i) one share of common stock, par value $0.0001 per share (the "Common Stock"), and (ii
• $0 — it will equal the price per Unit, minus $0.001, and the exercise price of each Pre
• $0.001 — included in the Pre-Funded Unit will be $0.001 per share. There can be no assurance th
• $1.41 — Stock on Nasdaq on January 17, 2025 was $1.41 per share. On November 18, 2024, we eff
• $5 m — on with this offering equals or exceeds $5 million, we will issue to the placement a
• $1.00 — bid price of the Common Stock had been $1.00 per share or greater for 10 consecutive
• $200,000 — ue of the Series C Preferred Stock from $200,000 per share to $2,000,000 per share. Each
• $2,000,000 — ferred Stock from $200,000 per share to $2,000,000 per share. Each of the November 2024 Re

Filing Documents

• ea0227952-s1a1_logicmark.htm (S-1/A) — 2410KB
• ea022795201ex1-1_logic.htm (EX-1.1) — 126KB
• ea022795201ex4-16_logic.htm (EX-4.16) — 107KB
• ea022795201ex4-17_logic.htm (EX-4.17) — 95KB
• ea022795201ex4-18_logic.htm (EX-4.18) — 103KB
• ea022795201ex5-1_logic.htm (EX-5.1) — 16KB
• ea022795201ex10-14_logic.htm (EX-10.14) — 243KB
• ea022795201ex10-15_logic.htm (EX-10.15) — 122KB
• ea022795201ex23-1_logic.htm (EX-23.1) — 2KB
• image_001.jpg (GRAPHIC) — 9KB
• image_002.jpg (GRAPHIC) — 1KB
• image_003.jpg (GRAPHIC) — 2KB
• image_004.jpg (GRAPHIC) — 2KB
• image_005.jpg (GRAPHIC) — 2KB
• image_006.jpg (GRAPHIC) — 2KB
• image_007.jpg (GRAPHIC) — 2KB
• image_008.jpg (GRAPHIC) — 2KB
• image_009.jpg (GRAPHIC) — 2KB
• ex5-1_001.jpg (GRAPHIC) — 16KB
• ex5-1_002.jpg (GRAPHIC) — 6KB
• 0001213900-25-005012.txt ( ) — 9654KB
• lgmk-20240930.xsd (EX-101.SCH) — 74KB
• lgmk-20240930_cal.xml (EX-101.CAL) — 52KB
• lgmk-20240930_def.xml (EX-101.DEF) — 339KB
• lgmk-20240930_lab.xml (EX-101.LAB) — 697KB
• lgmk-20240930_pre.xml (EX-101.PRE) — 355KB
• ea0227952-s1a1_logicmark_htm.xml (XML) — 950KB

Risk Factors

Risk Factors 10 Special Note Regarding Forward-Looking Statements 26 Industry and Market Data 27

Use of Proceeds

Use of Proceeds 28 Dividend Policy 29 Capitalization 30

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 31

Business

Business 39 Management 46 Certain Relationships and Related Person Transactions 49

Executive Compensation

Executive Compensation 50

Security Ownership of Certain Beneficial Owners and Management

Security Ownership of Certain Beneficial Owners and Management 54

Description of Securities That We Are Offering

Description of Securities That We Are Offering 57 Material U.S. Federal Income Tax Consequences to Holders of Common Stock, Pre-Funded Warrants and Warrants 62 Plan of Distribution 69 Legal Matters 74 Experts 74 Where You Can Find More Information 74 Index to Financial Statements F-1 i ABOUT THIS PROSPECTUS The registration statement on Form S-1 of which this prospectus forms a part and that we have filed with the SEC, includes exhibits that provide more detail of the matters discussed in this prospectus. You should read this prospectus and the related exhibits filed with the SEC, together with the additional information described under the heading "Where You Can Find More Information." You should rely only on the information contained in this prospectus and the related exhibits, any prospectus supplement or amendment thereto, or to which we have referred you, before making your investment decision. Neither we nor any placement agent engaged by us in connection with this offering, have authorized anyone to provide you with additional information or information different from that contained in this prospectus. Neither we nor any placement agent engaged by us take any responsibility for, and can provide no assurance as to the reliability of, any other information that others may give you. Neither the delivery of this prospectus nor the sale of the Securities means that the information contained in this prospectus is correct after the date of this prospectus. You should not assume that the information contained in this prospectus, any prospectus supplement or amendments thereto, as well as information we have previously filed with the SEC, is accurate as of any date other than the date on the front cover of the applicable document. Our business, financial condition, results of operations and prospects may have changed since those dates. This prospectus, any prospectus supplement or amendments thereto do not constitute an offer to sell

Forward-Looking Statements," "Management's Discussion and Analysis of Financial Condition and Results of Operations"

Forward-Looking Statements," "Management's Discussion and Analysis of Financial Condition and Results of Operations" and our consolidated financial statements and the related notes included elsewhere in this prospectus, before making a decision about whether to invest in our securities. When used herein, unless the context requires otherwise, references to the "LogicMark," "Company," "we," "our" and "us" refer to LogicMark, Inc., a Nevada corporation. Company Overview LogicMark, Inc. provides personal emergency response systems ("PERS"), health communications devices, and Internet of Things ("IoT") technology that creates a connected care platform. The Company's devices provide people with the ability to receive care at home and age independently. The Company's PERS devices incorporate two-way voice communication technology directly in the medical alert pendant and provide life-saving technology at a customer-friendly price point aimed at everyday consumers. These PERS technologies as well as other personal safety devices are sold direct-to-consumer through the Company's eCommerce website and Amazon.com, through resellers, as well as directly to the United States Veterans Health Administration (the "VHA"). The Company was awarded a contract by the U.S. General Services Administration (the "GSA") that enables the Company to distribute its products to federal, Healthcare LogicMark builds technology to remotely check, manage and monitor a loved one's health and safety. The Company is focused on modernizing remote monitoring to help people stay safe and live independently longer. We believe there are five trends driving the demand for better remote monitoring systems: 1. The "Silver Tsunami" . With 11,000 Baby Boomers turning 65 in the U.S. every day, there will be more older adults than children under 18 for the first time in the near future. With 72 million "Baby Boomers" in the United States, they are not

View Full Filing

View this S-1/A filing on SEC EDGAR