LogicMark Files S-1 for Potential Securities Offering

TL;DR

LogicMark just filed an S-1, looks like they're prepping to sell some stock.

AI Summary

LogicMark, Inc. filed an S-1 registration statement with the SEC on January 3, 2025, to register an unspecified number of securities. The company, formerly known as Nxt-ID, Inc., is incorporated in Nevada and headquartered in Louisville, KY. The filing indicates a potential offering of securities, though specific details on the amount or type of securities are not yet provided in this excerpt.

Why It Matters

This S-1 filing signals LogicMark's intent to raise capital through the sale of securities, which could impact its financial structure and future growth strategies.

Risk Assessment

Risk Level: medium — As an S-1 filing, it indicates a company is preparing to offer securities, which inherently carries market and execution risks not fully detailed in this initial document.

Key Numbers

• 20250103 — Filing Date (Indicates the date the S-1 was submitted to the SEC.)
• 46-0678374 — IRS Number (The company's Employer Identification Number.)
• 333-284135 — SEC File Number (The SEC's reference number for this registration.)

Key Players & Entities

• LogicMark, Inc. (company) — Registrant
• Nxt-ID, Inc. (company) — Former company name
• Mark Archer (person) — Chief Financial Officer
• David E. Danovitch (person) — Agent for service
• Michael DeDonato (person) — Agent for service
• Hermione M. Krumm (person) — Agent for service
• Sullivan & Worcester LLP (company) — Legal counsel
• 333-284135 (dollar_amount) — SEC File Number

FAQ

Key Financial Figures

• $0.0001 — i) one share of common stock, par value $0.0001 per share (the “Common Stock&rdqu
• $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
• $1.66 — Stock on Nasdaq on January 2, 2025 was $1.66 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

• ea0226715-s1_logicmark.htm (S-1) — 863KB
• ea022671501ex23-1_logicmark.htm (EX-23.1) — 2KB
• ea022671501ex-fee_logicmark.htm (EX-FILING FEES) — 120KB
• image_001.jpg (GRAPHIC) — 4KB
• 0001213900-25-000848.txt ( ) — 991KB

Risk Factors

Risk Factors 9 Special Note Regarding Forward-Looking Statements 15 Industry and Market Data 16

Use of Proceeds

Use of Proceeds 17 Dividend Policy 18 Capitalization 19

Security Ownership of Certain Beneficial Owners and Management

Security Ownership of Certain Beneficial Owners and Management 21

Description of Securities That We Are Offering

Description of Securities That We Are Offering 27 Material U.S. Federal Income Tax Consequences to Holders of Common Stock, Pre-Funded Warrants and Warrants 33 Plan of Distribution 40 Legal Matters 46 Experts 46 Where You Can Find More Information 46 Incorporation by Reference 47 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 and the documents incorporated by reference, 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 am

View Full Filing

View this S-1 filing on SEC EDGAR