4/A: LogicMark Director Chia-Lin Simmons Amends Form 4 to Reflect Warrant Acquisition and Stockholder Approval
SEC Form 4 Amendment
Chia-Lin Simmons, a director at LogicMark, Inc., amended a Form 4 filing to reflect the acquisition of Series A and B warrants and the stockholder approval required for their exercisability.
Summary
- Chia-Lin Simmons, a director at LogicMark, filed an amendment to a previous Form 4 filing.
- The amendment reflects the acquisition of Series A and Series B warrants on October 1, 2024, which was the date LogicMark obtained stockholder approval for the issuance of shares upon exercise of these warrants.
- The original Form 4, filed on August 6, 2024, is amended to update the transaction dates and the exercise price and number of shares related to the warrants.
- On August 5, 2024, Simmons acquired 21,486 shares of common stock at $0.4554 per share.
- The reporting person also disposed of 153,222 shares.
- Simmons acquired 62,772 Series A Common Stock Purchase Warrants with an exercise price of $0.1593 and expiring on August 5, 2029.
- Simmons acquired 21,486 Series B Common Stock Purchase Warrants with an exercise price of $0.4654 and expiring on February 5, 2027.
- The warrants are subject to a lock-up agreement preventing their sale or disposition for 60 days following the closing of the company's offering on August 1, 2024.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing reflecting insider transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to insider transactions and warrant exercises, common in publicly traded companies. It reflects the director's acquisition of securities and the fulfillment of conditions related to those securities.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 08/01/2024 | Date of closing of the Company's offering of its securities pursuant to the Company's registration statement on Form S-1, as amended (File No. 333-179133), declared effective by the U.S. Securities and Exchange Commission ('SEC'). |
| 08/05/2024 | Date of common stock transaction. |
| 08/05/2029 | Expiration date of Series A Common Stock Purchase Warrant. |
| 08/06/2024 | Date of Original Form 4 Filed. |
| 10/01/2024 | Date on which the Company obtained the approval of its stockholders for the issuance of all shares of Common Stock issuable upon exercise of each of the Series A Warrants and Series B Warrants. |
| 10/03/2024 | Date of Form 4/A filing. |
| 02/05/2027 | Expiration date of Series B Common Stock Purchase Warrant. |
Keywords
Form 4, LogicMark, Chia-Lin Simmons, warrants, stockholder approval, beneficial ownership, LGMK
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