LogicMark, Announces Adoption Of Shareholder Rights Agreement With Nevada Agency And Transfer Company To Protect Shareholder Rights And Long-Term Shareholder Value
Portfolio Pulse from Benzinga Newsdesk
LogicMark, Inc. has adopted a Shareholder Rights Agreement with Nevada Agency and Transfer Company to protect shareholder rights and long-term value. This move is in response to Winvest Investment Fund Management Corp.'s claims of owning 67% of LogicMark's stock and attempts to change company bylaws, which LogicMark disputes.
November 01, 2024 | 8:47 pm
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LogicMark has implemented a Shareholder Rights Agreement to counteract Winvest's claims of majority ownership and attempts to alter company bylaws. This move aims to protect shareholder rights and long-term value.
The adoption of the Rights Agreement is a defensive measure by LogicMark to protect against potential hostile actions by Winvest, which claims majority ownership. This could stabilize investor confidence but also indicates potential legal and corporate governance challenges.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100