LogicMark (LGMK) Registration Filing summary

Company overview and business model

• Provides personal emergency response systems (PERS), health communications devices, and IoT technology for connected care, enabling independent living for seniors and at-risk individuals.

• Sells products direct-to-consumer via eCommerce and Amazon, through dealers, and directly to the U.S. Veterans Health Administration (VHA); holds a GSA contract for government sales.

• Focuses on modernizing remote monitoring, leveraging trends such as the aging population, shift to at-home care, rise of IoT, healthcare worker shortages, and the expanding care economy.

• Has sold over 850,000 PERS devices since 2012, with more than 500,000 to the VHA; aims to expand government and direct-to-consumer channels.

• Underwent a corporate restructuring, including a merger and name change, and reincorporated in Nevada as of June 1, 2023.

Financial performance and metrics

• Recent public offerings in January 2023 and August 2024 raised gross proceeds of approximately $5.2 million and $4.5 million, respectively, for product development, working capital, and general corporate purposes.

• As of December 12, 2024, 2,036,051 shares of common stock were outstanding, with 89 stockholders of record.

Use of proceeds and capital allocation

• Will not receive proceeds from the resale of Series H Conversion Shares; all proceeds go to selling stockholders.

• Net proceeds from recent offerings have been allocated to new product development, working capital, and general corporate purposes.