SCHEDULE 13G/A: Anson Funds Management LP Amends LogicMark, Inc. Stake to 2.1%
Beneficial Ownership Report
Anson Funds Management LP and its affiliates have filed an Amendment No. 1 to Schedule 13G, disclosing a beneficial ownership of 2.1% of LogicMark, Inc.'s common stock, totaling 411,681 shares, held for investment purposes.
Summary
- Anson Funds Management LP, Anson Management GP LLC, Mr. Tony Moore, Anson Advisors Inc., Mr. Amin Nathoo, and Mr. Moez Kassam collectively reported beneficial ownership of 411,681 shares of LogicMark, Inc. Common Stock.
- This represents 2.1% of LogicMark, Inc.'s outstanding Common Stock.
- The percentage is calculated based on 19,574,014 shares of Common Stock issued and outstanding, as reported in LogicMark, Inc.'s Quarterly Report on Form 10-Q filed on November 12, 2024.
- The shares are held by a private fund for which Anson Funds Management LP and Anson Advisors Inc. serve as co-investment advisors.
- All reporting persons (Anson Funds Management LP, Anson Management GP LLC, Mr. Tony Moore, Anson Advisors Inc., Mr. Amin Nathoo, and Mr. Moez Kassam) share voting and dispositive power over the 411,681 shares.
- The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.
Sentiment
Score: 5
Explanation: The document is a factual regulatory filing (Schedule 13G) reporting beneficial ownership. It contains no positive or negative operational or financial news, thus maintaining a neutral sentiment.
Future Outlook
The document does not provide any forward-looking statements or guidance regarding LogicMark, Inc.'s future performance or strategic direction. It solely reports beneficial ownership.
Industry Context
This filing is a routine disclosure of beneficial ownership by an institutional investor, Anson Funds Management LP, in LogicMark, Inc. It indicates a passive investment stake below the 5% threshold that would typically trigger a Schedule 13D filing, suggesting no intent to influence or control the company. Such filings are common in the investment management industry as part of regulatory compliance.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional investor's stake in the company, confirming a passive investment intent.
Key Dates
| Date | Description |
|---|---|
| 2024-11-12 | Date of LogicMark, Inc.'s Quarterly Report on Form 10-Q, which reported 19,574,014 shares of Common Stock issued and outstanding. |
| 2024-12-31 | Date of event which requires filing of this statement (reporting period end date). |
| 2025-02-14 | Date of filing of Amendment No. 1 to Schedule 13G. |
Keywords
LogicMark Inc., Anson Funds Management LP, Schedule 13G, Beneficial Ownership, Common Stock, Investment Advisory, SEC Filing, Shareholding, Institutional Investor
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