SCHEDULE 13G: Bigger Capital Significantly Reduces Stake in LogicMark, Inc. Post-Offering

Sentiment:

Beneficial Ownership Report 27 February 2025 9:15 PM

Bigger Capital Fund, LP, along with its general partner and managing member, reported a 9.78% beneficial ownership in LogicMark, Inc. as of February 18, 2025, but subsequently sold most of its common stock holdings by February 27, 2025.

Capital raiseThe document references an offering by LogicMark, Inc., stating that the percentage of class owned is based on '5,006,474 shares of Common Stock outstanding immediately after the offering based upon the Issuer's Prospectus filed under Rule 424(b)(4) with the Securities Exchange Commission on February 18, 2025.'

Worse than expectedThe document initially reports a 9.78% beneficial ownership as of February 18, 2025, but then explicitly states that the Reporting Person sold most of these shares by February 27, 2025, effectively reducing their direct common stock ownership to zero (excluding warrants). This indicates a significant reduction in the investor's stake, which is a worse outcome than the initial reported percentage might suggest.

Summary

Bigger Capital Fund, LP, Bigger Capital Fund GP, LLC, and Michael Bigger (collectively, 'Reporting Persons') filed a Schedule 13G indicating beneficial ownership in LogicMark, Inc.'s Common Stock.
As of February 18, 2025, the Reporting Persons collectively beneficially owned 490,000 shares of LogicMark, Inc. Common Stock.
This ownership represented 9.78% of the outstanding Common Stock, calculated based on 5,006,474 shares outstanding immediately after an offering, as per LogicMark's Prospectus filed on February 18, 2025.
Crucially, subsequent to February 18, 2025, and by the filing date of February 27, 2025, the Reporting Persons sold Common Stock, including shares issuable upon exercise of Pre-Funded Warrants.
As of February 27, 2025, the Reporting Persons no longer own any securities of LogicMark, Inc., except for shares issuable upon exercise of Series C and Series D Warrants, which are subject to a 4.99% beneficial ownership limitation.

Sentiment

Score: 3

Explanation: The sentiment is negative due to a significant beneficial owner liquidating the majority of their common stock holdings shortly after the reported ownership date, which could signal a lack of long-term confidence from this investor.

Negatives

The Reporting Persons, a significant beneficial owner, sold off the majority of their common stock holdings in LogicMark, Inc. between February 18, 2025, and February 27, 2025.
As of February 27, 2025, the Reporting Persons' direct common stock ownership in LogicMark, Inc. has been reduced to zero, excluding certain warrants.

Future Outlook

The document does not provide any forward-looking statements or guidance from LogicMark, Inc. It primarily details a change in beneficial ownership by an investor.

Industry Context

This filing reflects a change in a significant investor's position in LogicMark, Inc., a company whose common stock count was recently impacted by an offering. Such changes in major shareholder stakes can be closely watched by the market as indicators of investor confidence.

Stakeholder Impact

Shareholders may view the significant reduction in a major investor's stake as a negative signal regarding the company's near-term prospects or valuation, potentially leading to downward pressure on the stock price.

Next Steps

The Reporting Person stated they will not be amending this Schedule 13G, indicating no further immediate filings from them regarding this specific stake.

Key Dates

Date	Description
02/18/2025	Date of event which required the filing of this statement; LogicMark, Inc.'s Prospectus filed under Rule 424(b)(4) with the SEC; calculation date for 9.78% beneficial ownership.
02/27/2025	Date of filing of this Schedule 13G; date by which Reporting Persons sold Common Stock and no longer own direct shares.

Recommendation

hold

Keywords

LogicMark Inc., Bigger Capital Fund, Schedule 13G, Beneficial Ownership, Common Stock, Investor Stake, Share Sale, SEC Filing

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