Form 4: LogicMark CFO Acquires Series A Common Stock Purchase Warrants Due to Anti-Dilution Provisions

Mark Archer, CFO of LogicMark, Inc., acquired Series A common stock purchase warrants on March 27, 2025, due to anti-dilution provisions triggered by a decrease in the exercise price of certain securities.

Summary

• On March 27, 2025, Mark Archer, the Chief Financial Officer of LogicMark, Inc. (LGMK), acquired Series A common stock purchase warrants.
• This acquisition was triggered by anti-dilution provisions in the warrants.
• The anti-dilution provisions were activated due to a decrease in the exercise price of certain securities of the issuer to $0.118 per share.
• As a result, the exercise price of the warrants decreased to $0.118, and the number of shares issuable upon exercise proportionally increased.
• The aggregate exercise price of the warrants remained the same as the original issuance date.

Sentiment

Score: 6

Explanation: The document is a standard regulatory filing detailing a routine transaction related to anti-dilution provisions. It doesn't inherently convey positive or negative sentiment, but rather reflects a contractual adjustment.

Management Comments

• This Form 4 is being filed by the reporting person in order to reflect the acquisition of Series A common stock purchase warrants (the 'Warrants') as of March 27, 2025 pursuant to certain anti-dilution provisions in the Warrants that triggered upon the decrease in the exercise price of certain securities of the issuer to an effective per share price equal to $0.118 on such date, the consequence of which is that (i) the exercise price of the Warrants decreased to such price and (ii) the number of shares of common stock issuable upon exercise of such Warrants proportionally increased, such that the aggregate exercise price of the Warrants, after taking into account such exercise price decrease, remained equal to the aggregate exercise price at the date of issuance of such Warrants.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership by a company insider, specifically the CFO. It reflects adjustments to warrant terms due to anti-dilution provisions, which are common in financing agreements to protect investors from the impact of subsequent equity issuances at lower prices.

Stakeholder Impact

• The adjustment of warrant terms due to anti-dilution provisions protects existing warrant holders from dilution of their potential equity stake.

Key Dates

Keywords

Form 4, LogicMark, LGMK, Mark Archer, CFO, Series A Common Stock Purchase Warrants, Anti-dilution provisions, Beneficial ownership, Securities Exchange Act