05:34 AM EST, 01/26/2023 (MT Newswires) -- LogicMark (LGMK) said Wednesday it has closed an underwritten public offering of about 10.6 million units and 3.4 million pre-funded units.
Each of the units represents one common share and one warrant to buy one and a half common shares. They were sold at a public offering price of $0.371 each.
Meanwhile, each pre-funded unit represents one pre-funded warrant to buy one common share and one warrant to buy one and a half common shares.
The warrants in the units and pre-funded units will be immediately exercisable at $0.371 per share and will expire five years from the issuance date.