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Why LogicMark Stock Is Falling 40% Today

Benzinga Real-time News · Jan 24, 2023 10:58

LGMK +4.75%

LogicMark Inc (NASDAQ:LGMK) shares are trading lower by 39.76% to $0.22 Tuesday morning after the company priced a 10.585 million unit underwritten public offering at $0.371 per unit.

What Else?

LogicMark says gross proceeds, before deducting underwriting discounts and commissions and estimated offering expenses, are expected to be approximately $5.2 million.

See Also: What's Going On With Bed Bath & Beyond Stock?

The offering is expected to close on January 25, subject to customary closing conditions.

According to data from Benzinga Pro, LGMK has a 52-week high of $3.19 and a 52-week low of $0.22.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more

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