SCHEDULE 13G: L1 Capital Global Opportunities Master Fund Discloses 9.99% Passive Stake in LogicMark, Inc.

L1 Capital Global Opportunities Master Fund, Ltd. has reported a 9.99% passive beneficial ownership stake in LogicMark, Inc. common stock.

Summary

• L1 Capital Global Opportunities Master Fund, Ltd. filed a Schedule 13G with the SEC, disclosing its beneficial ownership in LogicMark, Inc.
• The fund beneficially owns an aggregate of 500,150 shares of LogicMark, Inc. Common Stock.
• This ownership represents 9.99% of the class of securities, calculated based on 5,006,474 Common Stock outstanding immediately after an offering, as per the Issuer's Prospectus Supplement filed on February 18, 2025.
• The 500,150 shares include 490,000 shares of Common Stock and 10,150 Pre-Funded Warrants to purchase Common Stock.
• The filing explicitly states that 4,381,200 additional Pre-Funded Warrants, 4,881,350 Series C Warrants, and 4,881,350 Series D Warrants are not included in the reported beneficial ownership due to beneficial ownership limitations (9.99% for Pre-Funded Warrants and 4.99% for Series C and D Warrants).
• The reporting person certified that the securities were acquired and are held for passive investment purposes, not for changing or influencing the control of the issuer.

Sentiment

Score: 6

Explanation: The filing indicates a significant passive investment by an institutional fund, which can be viewed as a positive signal of investor interest in LogicMark, Inc., though it does not provide operational or financial performance updates.

Positives

• An institutional investor, L1 Capital Global Opportunities Master Fund, Ltd., has taken a significant passive stake of 9.99% in LogicMark, Inc., which may be perceived as a signal of investor confidence in the company.

Risks

• Beneficial ownership limitations restrict the number of shares and warrants that can be reported as beneficially owned by the reporting person, specifically 9.99% for Pre-Funded Warrants and 4.99% for Series C and D Warrants.

Future Outlook

This Schedule 13G filing is a disclosure of current beneficial ownership and does not contain forward-looking statements or guidance regarding the issuer's future performance or the reporting person's future investment intentions beyond the passive nature of the investment.

Management Comments

• The securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

Industry Context

The filing of a Schedule 13G indicates a passive investment by an institutional fund, which is a common practice for investors acquiring significant but non-controlling stakes in publicly traded companies. This type of disclosure is a routine regulatory requirement for such investments.

Stakeholder Impact

• Shareholders: Increased institutional ownership may be perceived positively, potentially enhancing market confidence and liquidity.
• Company Management: Awareness of a significant passive investor on the shareholder register, though without intent to influence control.

Key Dates

Keywords

LogicMark, L1 Capital Global Opportunities Master Fund, Schedule 13G, beneficial ownership, common stock, SEC filing, institutional investment, passive stake, warrants