Welcome to our dedicated page for Logiq news (Ticker: LGIQ), a resource for investors and traders seeking the latest updates and insights on Logiq stock.
Logiq, Inc. (LGIQ) generates news across two distinct but connected themes: its legacy role in digital consumer acquisition and its newer focus on health, biotech, medical devices, and animal health. Historically, the company has issued updates on its AI-powered programmatic advertising platform, including fraud detection capabilities, client wins, and corporate initiatives related to its DataLogiq (DLQ) business and proposed SPAC merger with Abri SPAC I, Inc.
More recent announcements emphasize Logiq's strategic shift toward the medical field. Investors and observers can find coverage of the definitive agreement to acquire MedLab Essentials, LLC, a company focused on cell and gene therapy and cell-based therapies for challenging cancers, age-related diseases, and longevity applications. News also includes details of the definitive agreement to acquire EVIMATE, a developer of AI-enabled vital sign monitoring and remote patient monitoring devices.
Another important area of Logiq news involves its veterinarian division, associated with Amino Medic Ltd., and the launch of AVR BIOVET™, a copper-based organic feed additive designed to support growth, immune function, and overall health in animals. Company communications discuss the product's composition, testing, and potential role in animal health and organic production.
On this page, readers can review press releases related to acquisitions, business model updates, capital markets plans, SPAC-related milestones, and product introductions in both digital advertising and health-focused lines of business. For those tracking LGIQ, the news flow provides insight into how the company describes its transition from e-commerce and ad tech toward cell and gene therapy, longevity medicine, medical devices, and animal health solutions.
Logiq, Inc. (NEO: LGIQ) has expanded its Logiq Digital Marketing™ platform to include direct media buying access in the Asia Pacific (APAC) region. This expansion offers small and medium-sized businesses affordable access to localized media, optimizing delivery times to 50 milliseconds. With digital advertising in APAC expected to grow significantly, this initiative positions Logiq to tap into emerging markets. The growth aligns with U.S. businesses seeking international expansion to increase revenue. LDM aims to level the playing field against larger competitors, enabling more effective e-commerce marketing strategies.
Logiq, Inc. (NEO: LGIQ) has appointed Steven Hartman as the new Chief Operating Officer, succeeding Daniel Urbino. Hartman, who previously served as Chief Product Officer, brings over 25 years of experience in enterprise software and marketing. His notable achievements include leading the integration of Rebel AI into Logiq Digital Marketing and overseeing the marketing for the company’s IPO. Logiq provides e-commerce and fintech solutions aimed at supporting small- and medium-sized businesses globally.
Logiq, Inc. (NEO: LGIQ) has partnered with Peer39 to enhance its Digital Marketing platform. This collaboration aims to provide small and medium-sized brands with advanced contextual advertising solutions, integrating real-time media assessments, local weather targeting, and brand safety controls. As regulations around third-party data evolve, the partnership positions Logiq to better serve e-commerce needs through customized contextual targeting. Launching in mid-Q3 2021, clients can expect improved ad placement precision and enhanced marketing campaign results.
Logiq, Inc. (NEO: LGIQ) has teamed up with Mentalku in Indonesia to introduce a mobile payment solution for psychological testing, essential for driver license applications. The integration of Logiq's AtozPay™ into Mentalku's app enables millions of Indonesians to pay easily for mandatory evaluations. Following a pilot in East Java, expansion plans include West Java and other provinces. The partnership aims to digitize government services, providing a contactless payment method while supporting Indonesia's shift towards digital transactions.
Logiq, a global provider of e-commerce and fintech solutions, has launched a new audio digital marketing channel on its Logiq Digital Marketing (LDM) platform. This addition allows digital marketing agencies to implement audio advertising in their campaigns, tapping into the growing demand for digital audio advertising, which is projected to surpass $1 billion in podcast ad spending in the U.S. by 2021. With features like access to premium audio media and bulk ad uploads, LDM aims to empower both agencies and small businesses to enhance their marketing strategies.
Logiq, Inc. (NEO: LGIQ) has successfully closed its initial public offering (IPO) of 1,976,434 units at C$3.00 each, generating gross proceeds of C$5,929,302. Each unit comprises one common share and one warrant, with warrants priced at C$3.50 and expiring in 36 months. The funds will support the development of data analytics tools and working capital. Logiq's common stock is now trading on the NEO Exchange and the OTC Markets, enhancing visibility and liquidity for investors. Recent reports indicate a 23% increase in revenue, primarily driven by growth in its DataLogiq business.
Logiq announced the pricing of its initial public offering (IPO) in Canada, at C$3.00 per Unit, aiming to raise between C$5 million and C$10 million. Each Unit comprises one share of common stock and one warrant, exercisable at C$3.50 within 36 months. The IPO is led by Research Capital Corporation and includes a 15% over-allotment option. Proceeds will be allocated for developing data analytics tools, marketing, and general corporate purposes. The offering is expected to close around June 17, 2021, subject to NEO Exchange approval.
Logiq, Inc. (OTCQX: LGIQ) reported a 23% sequential revenue increase to $8.1 million for Q1 2021, driven by DataLogiq's growth and a shift to higher-margin direct sales in AppLogiq. Gross profit margin improved to 27.6%, up 990 basis points year-over-year. However, revenue decreased 46.1% compared to Q1 2020 mainly due to transitioning away from low-margin distributors. The company reported a net loss of $4.1 million, an improvement from the previous quarter. Logiq acquired Rebel AI and launched Fixel’s technology in Shopify and WordPress, targeting SMBs in e-commerce.
Logiq, Inc. (OTCQX: LGIQ) has filed an amended preliminary prospectus for a proposed initial public offering (IPO) of units in Canada. Each unit includes one share of common stock and one warrant. The offering aims to raise funds for data analytics development, marketing, and working capital. Expected to close around June 7, 2021, the IPO has conditional approval for listing on the NEO Exchange. Research Capital Corporation is the lead agent for the offering, which may increase by up to 15% to cover over-allotments.
Logiq, Inc. (OTCQX: LGIQ) will conduct a conference call on May 17, 2021, at 1:00 p.m. Eastern Time to discuss its first-quarter results for the period ending March 31, 2021. The financial results will be disclosed in a press release before the call. Participants can join via toll-free and international dial-in numbers, with an operator available for assistance. A replay will be accessible post-call until May 31, 2021, via the company’s website. Logiq specializes in eCommerce and fintech solutions, with a focus on enhancing online marketing and mobile applications.