LogicMark, Inc. Files S-1/A Amendment

TL;DR

LogicMark (LGMK) filed an S-1/A amendment, looks like they're still trying to get securities registered.

AI Summary

LogicMark, Inc. filed an S-1/A amendment on February 7, 2025, for its registration statement (No. 333-284135). The company, formerly known as Nxt-ID, Inc., is incorporated in Nevada and headquartered in Louisville, KY. This filing is an amendment to a previous registration, indicating ongoing efforts to register securities.

Why It Matters

This S-1/A filing signifies that LogicMark, Inc. is actively pursuing the registration of securities, which could lead to new equity offerings or other capital-raising activities impacting its financial structure and shareholder base.

Risk Assessment

Risk Level: medium — S-1/A filings often relate to capital raises or significant corporate actions, which inherently carry risks for investors and the company's future financial health.

Key Numbers

• 333-284135 — SEC File Number (Identifies this specific registration statement.)
• 20250207 — Filing Date (Date the amendment was filed with the SEC.)

Key Players & Entities

• LogicMark, Inc. (company) — Registrant
• Nxt-ID, Inc. (company) — Former company name
• Mark Archer (person) — Chief Financial Officer and agent for service
• 333-284135 (dollar_amount) — SEC File Number
• February 7, 2025 (date) — Filing date

FAQ

Key Financial Figures

• $1.00 — Units") at an assumed offering price of $1.00 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"); (ii) on
• $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
• $12 million — this offering is less than or equal to $12 million; and (ii) equal to 10% of every dollar
• $12 m — aid by investors in this offering above $12 million, in the event such aggregate purc
• $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

• ea0230174-s1a2_logicmark.htm (S-1/A) — 2182KB
• ea023017401ex1-1_logic.htm (EX-1.1) — 127KB
• ea023017401ex4-16_logic.htm (EX-4.16) — 118KB
• ea023017401ex4-17_logic.htm (EX-4.17) — 122KB
• ea023017401ex4-18_logic.htm (EX-4.18) — 95KB
• ea023017401ex5-1_logic.htm (EX-5.1) — 15KB
• ea023017401ex10-14_logic.htm (EX-10.14) — 244KB
• ea023017401ex10-15_logic.htm (EX-10.15) — 143KB
• ea023017401ex23-1_logic.htm (EX-23.1) — 2KB
• ea023017401ex-fee_logic.htm (EX-FILING FEES) — 88KB
• image_001.jpg (GRAPHIC) — 4KB
• 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
• 0001213900-25-011395.txt ( ) — 9324KB
• lgmk-20240930.xsd (EX-101.SCH) — 73KB
• lgmk-20240930_cal.xml (EX-101.CAL) — 52KB
• lgmk-20240930_def.xml (EX-101.DEF) — 333KB
• lgmk-20240930_lab.xml (EX-101.LAB) — 697KB
• lgmk-20240930_pre.xml (EX-101.PRE) — 356KB
• ea0230174-s1a2_logicmark_htm.xml (XML) — 802KB

Risk Factors

Risk Factors 10 Special Note Regarding Forward-Looking Statements 27 Industry and Market Data 28

Use of Proceeds

Use of Proceeds 29 Dividend Policy 30 Capitalization 31

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

Management's Discussion and Analysis of Financial Condition and Results of Operations 32

Business

Business 40 Management 47 Certain Relationships and Related Person Transactions 50

Executive Compensation

Executive Compensation 51

Security Ownership of Certain Beneficial Owners and Management

Security Ownership of Certain Beneficial Owners and Management 55

Description of Securities That We Are Offering

Description of Securities That We Are Offering 58 Material U.S. Federal Income Tax Consequences to Holders of Common Stock, Pre-Funded Warrants and Warrants 63 Plan of Distribution 70 Legal Matters 75 Experts 75 Where You Can Find More Information 75 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