LOUISVILLE, Ky., Aug. 05, 2024 (GLOBE NEWSWIRE) -- LogicMark, Inc. (NASDAQ:LGMK), a provider of personal emergency response systems, health communications devices, and technology for the growing care economy, today announced the closing of its public offering priced at-the-market. The public offering consisted of 9,670,000 units (or pre-funded units in lieu thereof), with each unit consisting of one share of common stock (or pre-funded warrant in lieu thereof), one Series A warrant to purchase one share of common stock and one Series B warrant to purchase one share of common stock. Gross proceeds, before deducting placement agent discounts and commissions and estimated offering expenses, were approximately $4.5 million. The Company currently intends to use the net proceeds from the offering for working capital and general corporate purposes. Each unit was sold at a public offering price of $0.4654 (or $0.4644 per pre-funded unit). Each of the Series A warrants and Series B warrants are only exercisable upon receipt of stockholder approval and are exercisable at a price of $0.4654 per share, with the Series A warrants expiring 5 years from the date of their issuance and the Series B warrants expiring 2.5 years from the date of their issuance. The shares of common stock (or pre-funded warrants in lieu thereof) and accompanying Series A warrants and Series B warrants included in the units and in the pre-funded units were purchased together in the offering but were issued separately and were immediately separable upon issuance. The offering ...