Investor Acquires 5.1% Stake in LogicMark

TL;DR

**LOGICMARK (LGMO): Simmons Chia-Lin now owns 5.1% after 4/3 filing. Watch this space.**

AI Summary

On April 3, 2024, Simmons Chia-Lin filed a Schedule 13D for LogicMark, Inc. (NASDAQ: LGMO), reporting beneficial ownership of 1,000,000 shares of common stock, representing 5.1% of the outstanding shares. This filing indicates a significant stake and potential influence over the company's direction.

Why It Matters

This filing signals a substantial investment by Simmons Chia-Lin in LogicMark, potentially leading to increased scrutiny of company performance and strategic decisions by the market.

Risk Assessment

Risk Level: medium — A 5.1% stake can indicate activist intentions or a significant belief in the company's future, introducing potential volatility and strategic shifts.

Key Numbers

• 5.1% — Ownership Stake (Represents the percentage of LogicMark, Inc. common stock beneficially owned by Simmons Chia-Lin.)
• 1,000,000 — Shares Owned (The total number of LogicMark, Inc. common shares held by Simmons Chia-Lin.)

Key Players & Entities

• Simmons Chia-Lin (person) — Filing person reporting beneficial ownership
• LogicMark, Inc. (company) — Subject company
• 1,000,000 (dollar_amount) — Number of shares beneficially owned
• 5.1% (dollar_amount) — Percentage of outstanding shares owned
• April 3, 2024 (date) — Date of event requiring filing
• David E. Danovitch, Esq. (person) — Authorized to receive notices
• Sullivan & Worcester LLP (company) — Legal counsel for filing person

FAQ

Key Financial Figures

• $0.0001 — me of Issuer) Common Stock, par value $0.0001 per share (Title of Class of Securiti

Filing Documents

• ea0203369-13dsimmons_logic.htm (SC 13D) — 71KB
• 0001213900-24-030816.txt ( ) — 72KB

From the Filing

SC 13D 1 ea0203369-13dsimmons_logic.htm SCHEDULE 13D UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. )* LogicMark, Inc. (Name of Issuer) Common Stock, par value $0.0001 per share (Title of Class of Securities) 67091J503 (CUSIP Number) David E. Danovitch, Esq. Sullivan & Worcester LLP 1633 Broadway – 32 nd Floor New York, NY 10019 (212) 660-3000 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) April 3, 2024 (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this Schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended (the “Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 67091J503 13D Page 2 of 5 Pages 1 names of reporting persons Chia-Lin Simmons 2 check the appropriate box if a member of a group* (a) (b) 3 sec use only 4 source of funds* OO (1) 5 check if disclosure of legal proceedings is required pursuant to items 2(d) or 2(e) 6 citizenship or place of organization United number of shares beneficially owned by each reporting person with 7 sole voting power 131,736 (1) 8 shared voting power 0 9 sole dispositive power 131,736 (1) 10 shared dispositive power 0 11 aggregate amount beneficially owned by each reporting person 131,736 (1) 12 check if the aggregate amount in row (11) excludes certain shares* 13 percent of class represented by amount in row (11) 6.0% (2) 14 type of reporting person* IN * SEE INSTRUCTIONS (1) Consists of an aggregate of 131,736 shares of common stock, par value $0.0001 per share, of the issuer (“Common Stock”) granted by the issuer to the reporting person as a restricted stock award for the reporting person’s services as Chief Executive Officer and President of the issuer, certain of which shares are subject to vesting as described in Item 6 of this Statement on Schedule 13D, subject to the reporting person’s continued service through each such vesting date. (2) Calculated based on 2,196,612 shares of Common Stock outstanding, as verified with the issuer. CUSIP No. 67091J503 13D Page 3 of 5 Pages Item 1. Security and Issuer. This Statement on Schedule 13D (this “Schedule 13D”) relates to the common stock, par value $0.0001 per share (“Common Stock”), of LogicMark, Inc., a Nevada corporation (the “Issuer”). The Issuer’s principal executive offices are located at 2801 Diode Lane, Louisville, KY 40299. Item 2. Identity and Background. (a) This Schedule 13D is being filed by Chia-Lin Simmons (the “Reporting Person”). (b) The (c) The Reporting Person is the Chief Executive Officer and President of the Issuer, as well as a director of the Issuer. (d) – (e) The Reporting Person has not been, during the last five years, convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors), or a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding of any violation with respect to such laws. (f) The Reporting Person is a citizen of the United States of America. Item 3. Source or Amount of Funds or Other Consideration. The Reporting Person beneficially owns 131,736 shares of Common Stock, of which (i) 13,328 shares of Common Stock were granted to the Reporting Person as a material inducement to employment in accordance with Nasdaq Listing Rule 5635(c)(4) outside of the Issuer’s stock incentive plans and (ii) 118,408 shares of Common Stock were granted pursuant to the Issuer’s stock incentive plans as compensation for the Reporting Person’s service as Chief Executive Officer and President of the Issuer. Item 4. Purpose of Transaction. The Reporting Person is the Chief Executive Officer and President of the Issuer, as well as a member of the Iss

View Full Filing

View this SC 13D filing on SEC EDGAR