LogicMark closes private placement of Series J preferred shares
LogicMark priced a private placement of 250,000 Series J Convertible Preferred Shares at USD 1 each; the offering closed July 30, 2026.
Series J carries a USD 1.28 stated value; it is convertible at the investor's option from Oct. 30, 2026 at 50% of the 30-day low.
Conversion is capped by a 4.99% beneficial ownership limit, adjustable to 9.99% with 61 days' notice.
The investor gets two votes per share; there are no dividends; and the liquidation preference equals the greater of stated value or as-converted value.
The company agreed to file a resale registration statement for conversion shares within 90 days under a registration rights agreement.
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