LogicMark (LGMK) completes $250K Rule 506(b) private stock offering
Rhea-AI Filing Summary
LogicMark, Inc., a Nevada corporation in the health care/biotechnology sector, filed a Form D for a new exempt offering of equity securities and securities issuable upon exercise of related rights under Rule 506(b) of Regulation D. The offering has raised $250,000 with $0 remaining to be sold, and no finders' fees reported. The first sale occurred on 2026-07-28. A purchaser entered into a voting agreement to vote its preferred stock for each board-recommended proposal at LogicMark's next stockholder meeting, including approval of a merger.
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Key Figures
Total Amount Sold: $250,000 USD
Total Remaining to be Sold: $0 USD
Date of First Sale: 2026-07-28
+2 more
5 metrics
Total Amount Sold
$250,000 USD
Equity and related securities sold in the exempt offering
Total Remaining to be Sold
$0 USD
Reported remaining amount in the offering
Date of First Sale
2026-07-28
Initial closing date for the Rule 506(b) offering
Finders' Fees
$0 USD
Finders' fees expenses for the offering
Form D Signature Date
2026-08-11
Signed by the Chief Financial Officer
Key Terms
Rule 506(b), Regulation D, voting agreement, covered securities, +1 more
5 terms
Rule 506(b) regulatory
"X | Rule 506(b) | Rule 506(c) | Securities Act Section 4(a)(5)"
Rule 506(b) is a U.S. securities exemption that lets companies sell shares or debt privately without full public registration, provided sales are primarily to accredited investors, up to 35 non‑accredited but financially knowledgeable buyers, and there is no public advertising or solicitation. It matters to investors because offerings under 506(b) usually include less public disclosure than registered securities—like buying from a private seller rather than a retail store—so buyers must do more of their own fact‑checking and rely on their financial sophistication.
Regulation D regulatory
"if the issuer is claiming a Regulation D exemption for the offering"
Regulation D is a set of rules that govern how companies can raise money from investors without going through the full process required for public stock offerings. It provides simplified options for private placements, making it easier for companies to seek investments from a smaller group of investors. For investors, it offers opportunities to invest in private companies, often with fewer restrictions, but also with different levels of risk and disclosure.
voting agreement financial
"Purchaser entered into a voting agreement with the issuer to vote its preferred stock"
A voting agreement is a legally binding pact in which shareholders promise to cast their votes the same way on certain corporate matters, such as electing directors or approving a merger. It matters to investors because it changes who controls company decisions and makes outcomes more predictable—like a group of neighbors agreeing in advance to vote the same way on a community rule, it can strengthen or limit the influence of other shareholders and affect the company’s future direction.
covered securities regulatory
"if the securities that are the subject of this Form D are "covered securities" for purposes of NSMIA"
exempt offering of securities regulatory
"FORM D Notice of Exempt Offering of Securities"
FAQ
What type of securities is LogicMark (LGMK) offering in this Form D filing?
LogicMark is offering equity securities and securities to be acquired upon exercise of options, warrants or other rights in an exempt private placement under Rule 506(b) of Regulation D.
How much has LogicMark (LGMK) raised in its exempt offering?
LogicMark reports total securities sold of $250,000 with $0 remaining to be sold in this offering, indicating the reported offering amount has been fully placed with investors.
Under which exemption is LogicMark (LGMK) conducting this private offering?
The company is relying on Rule 506(b) of Regulation D as its federal exemption, which allows private offerings to accredited investors and, subject to conditions, limited non-accredited investors without general solicitation.
When did the first sale occur in LogicMark’s (LGMK) Form D offering?
LogicMark discloses the date of first sale as 2026-07-28, showing that investor funds were first accepted on that date under the Rule 506(b) exempt offering structure.
Did LogicMark (LGMK) pay any finders' fees in this Form D offering?
LogicMark reports finders' fees of $0 for the offering, indicating no separate compensation was paid to intermediaries identified as finders in connection with placing the $250,000 of securities.
AI-generated analysis. How Rhea-AI works. Not financial advice.