LogicMark Inc. Faces Nasdaq Delisting Due to Failure to Meet Minimum Bid Price Requirement

Reuters
31 May
LogicMark Inc. Faces Nasdaq Delisting Due to Failure to Meet Minimum Bid Price Requirement

LogicMark Inc., a Nevada-based company, announced that it has received a delisting notice from The Nasdaq Stock Market LLC. The notice, dated May 29, 2025, indicates that LogicMark's common stock will be removed from the Nasdaq Capital Market due to the company's failure to maintain a minimum bid price of $1.00 per share, as required by Nasdaq Listing Rule 5550(a)(2). The company's stock is set to be suspended from trading on Nasdaq starting June 2, 2025. LogicMark has decided not to appeal the decision. Instead, the company plans to have its shares publicly quoted on a market operated by the OTC Markets Group Inc. under the symbol "LGMK" from the same date.

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