MergerAug 3, 2026, 05:13 PM
LogicMark to be acquired by Langham Project for $1.31 per share
AI Summary
LogicMark, Inc. has entered into a definitive merger agreement to be acquired by Langham Project, LLC. Under the terms of the agreement, LogicMark will become a wholly-owned subsidiary of Langham Project, and its common stock shareholders will receive $1.31 in cash per share. The transaction also includes the redemption of Series C preferred stock for approximately $2 million and the cancellation and redemption of outstanding warrants and options. The merger is subject to shareholder approval and will result in LogicMark ceasing to be a public company.
Key Highlights
- LogicMark, Inc. entered a Merger Agreement with Langham Project, LLC and Langham Merger Sub, Inc. on July 31, 2026.
- Merger Sub will merge into LogicMark, which will become a wholly-owned subsidiary of Langham Project.
- Common stock shareholders will receive $1.31 per share in cash.
- Series C preferred stock will be redeemed for approximately $2 million plus accrued interest.
- Warrants and options will be cancelled and redeemed based on the merger price.
- The merger requires approval from a majority of shareholders.
- Upon completion, LogicMark will cease to be a public reporting company and delist from OTCID.
Price Impact
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