Winvest Amends LogicMark Stake Filing

TL;DR

Winvest just updated their LogicMark filing - big changes likely.

AI Summary

On October 29, 2024, Winvest Investment Fund Management Corp. filed an amendment (No. 1) to its Schedule 13D regarding LogicMark, Inc. (LMRC). The filing indicates a change in beneficial ownership, with Winvest now holding a significant stake in the company. The filing does not specify the exact number of shares or dollar amount, but it is an amendment to a previous filing, suggesting a material change in holdings.

Why It Matters

This amendment signals a potential shift in control or influence over LogicMark, Inc. by Winvest Investment Fund Management Corp., which could impact the company's strategic direction and shareholder value.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D filings often indicate significant changes in a major shareholder's position, which can lead to increased volatility and uncertainty for the stock.

Key Players & Entities

• Winvest Investment Fund Management Corp. (company) — Filing entity
• LogicMark, Inc. (company) — Subject company
• Jourdan Matthews (person) — Contact person for Winvest

FAQ

Key Financial Figures

• $0.0001 — Inc. (Name of Issuer) Common Stock, $0.0001 par value per share (Title of Class o

Filing Documents

• tm2427062d1_sc13da.htm (SC 13D/A) — 45KB
• tm2427062d1_ex-2.htm (EX-2) — 22KB
• 0001104659-24-112306.txt ( ) — 69KB

Identity and Background

ITEM 2. Identity and Background. Mr. Matthews’ correct title as an executive officer of Winvest is President (not Chief Executive Officer). Winvest has no other executive officers. Further, Ms. Ovsepyan was previously the sole director of Winvest. As of October 22, 2024, Mr. Matthews was elected as the sole director of Winvest, and Ms. Ovsepyan is no longer a director of Winvest.

Purpose of Transaction

ITEM 4. Purpose of Transaction. The Reporting Persons believe, based on publicly available information, that Winvest is the record holder of a majority of the outstanding stock of the Issuer entitled to vote on certain matters, including to vote on an amendment of the bylaws of the Issuer (the “ Bylaws ”) and to vote to elect the board of directors of the Issuer (the “ Board ”) (as such, the “ Majority Stockholder ”). As the Majority Stockholder, as authorized by the Bylaws, on October 25, 2024, Winvest took actions by written consent as set forth in the Written Consent of the Majority Stockholder of LogicMark, Inc. filed herewith as Exhibit 2 and incorporated herein by reference (the “ Written Consent ”). These actions include certain amendments to the Bylaws and the election of a new Board. Winvest caused copies of the Written Consent to be delivered by email to senior management of the Issuer on October 28, 2024 and by hand to the Issuer’s registered office in the State of Nevada on October 29, 2024.

Interest in Securities of the Issuer

ITEM 5. Interest in Securities of the Issuer. (a)As of the end of business on October 18, 2024 (the filing date of the Original Schedule 13D), October 25, 2024 (the Event Date of this Amendment No. 1) and October 29, 2024 (the filing date of this Amendment No. 1), Winvest directly owned/owns 4,074,587 shares of Common Stock, representing 67.2% of all of the outstanding shares of Common Stock. Mr. Matthews, as the sole stockholder, sole director and the President of Winvest, may be deemed to beneficially own the shares of Common Stock owned directly by Winvest; Mr. Matthews disclaims beneficial 12, 2024, as reported by the Issuer in its Form 10-Q filed with the SEC on August 14, 2024. As of the end of business on the Event Date and the filing date of this Amendment No. 1, Mr. Matthews did not directly own any shares of Common Stock. (b)Winvest has, and Mr. Matthews may be deemed to have, the sole power to vote or direct the vote of and to dispose or direct the disposition of the shares of Common Stock reported herein. (c) No transactions in the Common Stock have been effected by the Reporting Persons since the filing date of the Original Schedule 13D. (d)Not applicable. Page 4 of 7 pages (e)Not applicable.

Material

ITEM 7. Material to be Filed as Exhibits. Exhibit No. Document 1. Joint Filing Agreement (previously filed) 2. Written Consent of the Majority Stockholder of LogicMark, Inc. Page 5 of 7 pages SIGNATURE After reasonable inquiry and to the best of its knowledge and belief, the undersigned each certifies that the information with respect to it set forth in this Statement is true, complete and correct. Dated: October 29, 2024 The Winvest Investment Fund Management Corp. By: /s/ Jourdan Matthews Name: Jourdan Matthews Title: President /s/ Jourdan Matthews Jourdan Matthews Page 6 of 7 pages EXHIBIT INDEX Exhibit No. Document 1. Joint Filing Agreement (previously filed) 2. Written Consent of the Majority Stockholder of LogicMark, Inc. Page 7 of 7 pages

View Full Filing

View this SC 13D/A filing on SEC EDGAR