LogicMark to Go Private in $1.31/Share All-Cash Merger — a 122% Premium
LGMK sits 69% above its 52-week low of $0.35 on light trading volume (0.3× avg).
Summary
LogicMark agreed to be acquired by Langham Project LLC for $1.31 per share in cash, a 122% premium, and will go private. The deal requires shareholder approval and includes redemption of preferred stock.
Key Events · M&A and Partnerships · LGMK
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All-Cash Merger at $1.31/Share
On July 31, 2026, LogicMark signed a definitive merger agreement with Langham Project LLC and Merger Sub. Each outstanding common share will be converted into the right to receive $1.31 in cash, a 122% premium over the current $0.59 price.
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Deal Value and Expenses
The merger values common equity at approximately $1.18 million (899,759 shares × $1.31). Series C Preferred Stock will be redeemed for ~$2 million plus accrued interest. Parent will pay $1.5 million of the company's transaction expenses.
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Going Private and Delisting
Upon closing, LogicMark will become a wholly-owned subsidiary of Parent, cease to be a public reporting company, and its common stock will be delisted from the OTC market.
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Shareholder Vote and CEO Support
The merger requires approval by a majority of outstanding voting power and a majority of disinterested shares. CEO Chia-Lin Simmons, holding an 8.3% stake, intends to vote in favor (per concurrent 13D filing).
Analysis · LGMK · Industrial Applications And Services
A definitive merger agreement will take LogicMark private at $1.31 per share in cash, representing a 122% premium over the current $0.59 stock price. The buyer, Langham Project LLC, values the common equity at approximately $1.18 million, with an additional ~$2 million to redeem Series C Preferred Stock. The buyer will also cover $1.5 million of the company's transaction expenses. Upon closing, LogicMark will become a private subsidiary, delist from the OTC, and deregister its shares. The merger is subject to shareholder approval and other customary conditions, with a termination fee of $150,000 payable by the company in certain scenarios. CEO Chia-Lin Simmons, who holds an 8.3% stake, intends to vote in favor. The transaction provides a clean exit for public shareholders at a significant premium, but the absolute dollar value is modest given the company's micro-cap size.
At the time of this filing, LGMK was trading at $0.59 on OTC in the Industrial Applications And Services sector, with a market capitalization of approximately $530.9K. The 52-week trading range was $0.35 to $5.55. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.