LogicMark Files SC 13E3 for $1.31/Share Going-Private Merger with Langham Project

summarizeSummary

LogicMark filed its SC 13E3 going-private statement for the $1.31/share cash merger with Langham Project, disclosing new details on share counts, preferred stock treatment, and financing.

check_boxKey Events · M&A and Partnerships · LGMK

• Going-Private Merger at $1.31/Share

  LogicMark filed its SC 13E3 for the merger with Langham Project LLC, under which each share of common stock will be converted into the right to receive $1.31 in cash, a 122% premium to the pre-announcement price.

• Share Count and Transaction Scope

  As of August 11, 2026, 899,759 shares of common stock were outstanding. The transaction applies to 1,143,759 shares, including shares underlying Series J Preferred Stock conversion.

• Series J Preferred Stock Treatment

  Each share of Series J Preferred Stock converts into common stock at a ratio of 1-to-0.976 and receives a make-whole payment if aggregate consideration is less than $320,000.

• Financing from Internal Cash

  The merger will be funded entirely from Parent's internal cash resources, with no borrowed funds or third-party financing arrangements.

auto_awesomeAnalysis · LGMK · Industrial Applications And Services

LogicMark filed its Schedule 13E-3 going-private transaction statement, providing new details on the $1.31 per share cash merger with Langham Project LLC. The filing reveals that 899,759 shares were outstanding as of August 11, 2026, and that the transaction applies to 1,143,759 shares, including shares underlying Series J Preferred Stock conversion. The Series J Preferred Stock converts at a ratio of 1-to-0.976 and carries a make-whole payment if aggregate consideration is less than $320,000. The merger will be funded entirely from Parent's internal cash resources, not borrowed funds. This filing is a required step in the going-private process and provides shareholders with additional details ahead of the September 25 special meeting.