SCHEDULE 13G/A: L1 Capital Global Opportunities Master Fund Discloses 0.85% Stake in LogicMark, Inc.
Beneficial Ownership Disclosure (Schedule 13G)
L1 Capital Global Opportunities Master Fund, Ltd. has filed an amended Schedule 13G, disclosing a passive beneficial ownership of 0.85% in LogicMark, Inc.'s common stock.
Summary
- L1 Capital Global Opportunities Master Fund, Ltd. reported beneficial ownership of 4,882,725 shares of LogicMark, Inc. common stock.
- This ownership represents 0.85% of LogicMark, Inc.'s outstanding common stock.
- The reported shares consist of 4,881,350 Series C Warrants and 1,375 Warrants.
- The percentage is calculated based on 576,305,099 common shares outstanding as of May 14, 2025, as reported in LogicMark's Form 10-Q filed on May 15, 2025.
- The filing indicates that the securities were not acquired for the purpose of changing or influencing the control of LogicMark, Inc.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership and does not convey a positive or negative sentiment regarding the issuer's performance or prospects. The ownership percentage is relatively small and stated as passive.
Positives
- NA
Negatives
- NA
Risks
- NA
Future Outlook
This Schedule 13G filing does not provide any forward-looking statements or guidance regarding LogicMark, Inc.'s future outlook.
Industry Context
This filing is a standard disclosure of passive beneficial ownership and does not provide specific insights into broader industry trends or competitive dynamics for LogicMark, Inc.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant, albeit passive, institutional holding in LogicMark, Inc.
Key Dates
| Date | Description |
|---|---|
| 03/31/2025 | Date of event which requires the filing of this statement. |
| 05/14/2025 | Date as of which LogicMark, Inc.'s common stock outstanding (576,305,099 shares) was determined for percentage calculation. |
| 05/15/2025 | Date of filing of this Schedule 13G Amendment No. 1 and the date LogicMark, Inc. filed its Quarterly Report on Form 10-Q. |
Keywords
LogicMark Inc., L1 Capital Global Opportunities Master Fund, Schedule 13G, Beneficial Ownership, Common Stock, SEC Filing, Investment Disclosure, Warrants
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