4/A: Winvest Investment Fund Management Corp. Reports Significant Stock Acquisitions in LogicMark, Inc.

Winvest Investment Fund Management Corp., a 10% owner of LogicMark, Inc. (LGMK), reported acquiring a substantial number of common stock shares in multiple transactions on October 15 and 16, 2024.

Summary

• Winvest Investment Fund Management Corp., along with Jourdan Matthews, filed an amendment to a Form 4 detailing changes in beneficial ownership of LogicMark, Inc. (LGMK) stock.
• The transactions involved the acquisition of LogicMark common stock on October 15 and 16, 2024.
• On October 15, 2024, Winvest acquired 232,857 shares at a weighted average price of $0.0906, bringing their total holdings to 3,050,187 shares.
• On October 16, 2024, Winvest acquired 1,024,400 shares at a weighted average price of $0.0908, increasing their total holdings to 4,074,587 shares.
• Jourdan Matthews, as the sole stockholder, director, and President of Winvest, disclaims beneficial ownership except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral. It simply reports transactions.

Positives

• Winvest's increased stake could signal confidence in LogicMark's future prospects.

Risks

• The document does not provide insight into the rationale behind the stock acquisitions, which could be speculative.

Management Comments

• Jourdan Matthews disclaims beneficial ownership of the securities except to the extent of his pecuniary interest.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders and significant shareholders, providing transparency to the market.

Stakeholder Impact

• The increased ownership by Winvest could be viewed positively by shareholders, potentially increasing investor confidence.

Key Dates

Keywords

LogicMark, Winvest Investment Fund Management Corp., LGMK, Form 4, Beneficial Ownership, Stock Acquisition, Jourdan Matthews