The $1.31 per share cash offer provides a clear exit for common shareholders at a fixed premium to the pre-announcement trading price. Traders should monitor the shareholder vote and regulatory approvals; the deal is expected to close by December 31, 2026. The exclusion of Series J preferred shares from the vote is a key condition to watch.
Price Chart
Executive Summary
LogicMark (LGMK) entered into a definitive merger agreement with Langham Project LLC, whereby Langham Merger Sub will merge into LogicMark, with LogicMark surviving as a wholly-owned subsidiary of Langham Project. Common shareholders will receive $1.31 per share in cash, and the company expects to pay the Series C Preferred holder approximately $2 million plus accrued interest from cash on hand. The deal, which follows a highly dilutive preferred stock financing just days earlier, will result in the delisting of LGMK from the OTC and the company ceasing to be a public reporting entity.
Key Financial Metrics
Key Facts
- LogicMark entered into a merger agreement with Langham Project LLC, with common shareholders receiving $1.31 per share in cash.
- The company expects to pay the Series C Preferred holder approximately $2 million plus accrued interest from cash on hand.
- The merger is conditioned on shareholder approval, with shares held by the Series J preferred holder excluded from the vote.
- Parent will provide up to $3,000,000 in acquisition financing, with an additional $2,000,000 available post-closing.
- The merger agreement includes a $150,000 termination fee payable by LogicMark if it accepts a superior proposal.
- The deal follows a July 30, 2026 dilutive financing of 250,000 Series J Convertible Preferred shares at $1.00 per share with aggressive conversion terms.
Financial Impact
Common shareholders receive $1.31 per share in cash; Series C Preferred holder to receive approximately $2 million plus accrued interest; Parent provides up to $3,000,000 in acquisition financing.
Risk Factors
- Shareholder approval may not be obtained, particularly given the exclusion of Series J preferred shares from the vote.
- The deal could be terminated if a superior proposal emerges, triggering a $150,000 termination fee.
- The company's ability to redeem the Series C Preferred Stock from cash on hand is a condition to closing.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 425 Filing (LGMK) — Batch item 1 | 0001213900-26-084707 |
| Document: ea0300342-8k425_logicmar.htm | 0001213900-26-084705 |
| Document: 0001213900-26-084707-index-headers.html | 0001213900-26-084707 |
| Document: 0001213900-26-084707-index.html | 0001213900-26-084707 |
| Document: 0001213900-26-084707.txt | 0001213900-26-084707 |
| 8-K Filing (LGMK) — Batch item 6 | 0001213900-26-084705 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 19, 2026 8d ago | EFFECT | $1.30 | awaiting T+1 | — | — |
Oct 19, 2026 8d ago | EFFECT | $1.30 | awaiting T+1 | — | — |
Oct 19, 2026 8d ago | EFFECT | $1.30 | awaiting T+1 | — | — |
Oct 19, 2026 8d ago | EFFECT | $1.30 | awaiting T+1 | — | — |
Oct 19, 2026 8d ago | EFFECT | $1.30 | awaiting T+1 | — | — |
Oct 15, 2026 11d ago | 15-12G | $1.20 | awaiting T+1 | — | — |
Oct 15, 2026 11d ago | SC 13D/A | $1.20 | awaiting T+1 | — | — |
Oct 15, 2026 11d ago | SC 13E-3/A | $1.20 | awaiting T+1 | — | — |
Oct 13, 2026 13d ago | 8-K | — | awaiting T+1 | — | — |
Oct 2, 2026 24d ago | SC 13D | — | awaiting T+1 | — | — |
US Market Status
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