LogicMark (NASDAQ:LGMK) costs its underwritten public providing of 10.59M items, with every unit consisting of 1 share of frequent inventory and one warrant to buy one and one-half shares of frequent inventory and three.44M pre-funded items, with every pre-funded unit consisting of 1 pre-funded warrant to buy one share of frequent inventory and one warrant to buy one and one-half shares of frequent inventory.
Every unit is being bought at a public providing value of $0.371.
Gross proceeds are anticipated to be ~$5.2M.
Underwriters an choice to buy extra 1.59M shares and/or extra warrants to buy as much as 3.16M.
The providing is anticipated to shut on January 25, 2023.
