LOGIQ,


Associated tags: Fintech, Digital wallet, Big data, Publishing, OTCQX, SPAC, DLQ, Security (finance), Form

DLQ Announces Effectiveness of Registration Statement on Form S-4 in Connection with Pending Listing on NASDAQ via Merger with Abri SPAC I

Retrieved on: 
Monday, October 2, 2023

The registration statement on Form S-4, initially filed with the U.S. Securities and Exchange Commission (SEC) by Abri on November 3, 2022, (as amended, the “Registration Statement”), was declared effective by the SEC on September 29.

Key Points: 
  • The registration statement on Form S-4, initially filed with the U.S. Securities and Exchange Commission (SEC) by Abri on November 3, 2022, (as amended, the “Registration Statement”), was declared effective by the SEC on September 29.
  • The Registration Statement was filed in connection with the previously announced merger of DLQ and Abri and contains a proxy statement and prospectus of Abri.
  • Logiq’s proxy statement contains important information about the proposed merger transactions, the merger agreement and the proposals to be considered at the Special Meeting.
  • Abri’s Registration Statement is available and may be accessed without charge on the SEC’s website at www.sec.gov (as filed under Abri SPAC I, Inc.).

Logiq Reports Continued Progress with Major Corporate Initiatives, with Strong Outlook for 2023 on Track

Retrieved on: 
Friday, August 25, 2023

A new major consumer product client signed in November 2022 has transitioned to Logiq’s programmatic advertising platform which should generate high-margin revenues.

Key Points: 
  • A new major consumer product client signed in November 2022 has transitioned to Logiq’s programmatic advertising platform which should generate high-margin revenues.
  • The associated credit facility to enable the ramp up of this business is dependent upon a listing on a senior stock exchange.
  • DataLogiq (DLQ) Subsidiary SPAC Merger: The company has continued to progress toward the completion of the SPAC merger.
  • Our goal with the acquisition of such targets are for Logiq to realize revenues well in excess of current levels.”

Logiq Reports Q4 2022 Pro Forma Revenue Up 121% Sequentially and 22% Y/Y to Record $8.4 Million; Annualized Run Rate Now at $45 Million vs. $20.3 Million in 2022

Retrieved on: 
Friday, May 12, 2023

Based on existing contracts and revenue streams, the company entered 2023 at a more than $40 million annualized run-rate.

Key Points: 
  • Based on existing contracts and revenue streams, the company entered 2023 at a more than $40 million annualized run-rate.
  • Following the recent acquisition of Park Place Payments, Logiq’s annualized run-rate has increased to more than $45 million.
  • The additional revenue increased Logiq’s annualized revenue run rate to more than $45 million.
  • This helped begin the year at an estimated annualized revenue run rate of more than $40 million.

OTC Markets Requests Logiq to Comment on Recent Promotional Activity

Retrieved on: 
Thursday, May 11, 2023

NEW YORK, May 11, 2023 (GLOBE NEWSWIRE) -- Logiq, Inc. (OTCQX: LGIQ) (“Logiq” or “Company”) has received a request from the OTC Markets Group to comment on recent promotional activity related to Logiq’s common stock quoted on the OTC Markets.

Key Points: 
  • NEW YORK, May 11, 2023 (GLOBE NEWSWIRE) -- Logiq, Inc. (OTCQX: LGIQ) (“Logiq” or “Company”) has received a request from the OTC Markets Group to comment on recent promotional activity related to Logiq’s common stock quoted on the OTC Markets.
  • Logiq provided Life Water Media publicly available source information for these materials, reviewed the materials for accuracy and had full editorial control over the materials.
  • On May 8, 2023, Company management was notified by OTC Markets that it was monitoring these promotional activities.
  • On September 1, 2021, 1,169,652 shares of Logiq common stock underlying such Notes were issued pursuant to this conversion.

Logiq Appoints Technology Visionary and Investor, Peter Bordes, to Board of Directors

Retrieved on: 
Tuesday, May 9, 2023

NEW YORK, May 09, 2023 (GLOBE NEWSWIRE) -- Logiq, Inc. (OTCQX:LGIQ), a leading provider of digital consumer acquisition solutions, has appointed tech industry visionary and venture investor, Peter Bordes , to its board of directors.

Key Points: 
  • NEW YORK, May 09, 2023 (GLOBE NEWSWIRE) -- Logiq, Inc. (OTCQX:LGIQ), a leading provider of digital consumer acquisition solutions, has appointed tech industry visionary and venture investor, Peter Bordes , to its board of directors.
  • Following his appointment, the board consists of four directors, with two serving independently.
  • He also brings to Logiq years of accomplishment in venture investing focused on disruptive technology innovation driving digital transformation.
  • “We anticipate Peter's extensive experience as a venture investor, senior executive and board member contributing significantly to our growth strategy and M&A initiatives,” stated Logiq CEO, Brent Suen.

Logiq’s Advanced Programmatic Ad Platform Saving Companies Millions through Powerful AI-Powered Fraud Detection and Analytics

Retrieved on: 
Tuesday, May 9, 2023

At the heart of Logiq’s AI-powered Ad-tech platform is a unique digital advertising fraud detection system with patented cutting-edge capabilities.

Key Points: 
  • At the heart of Logiq’s AI-powered Ad-tech platform is a unique digital advertising fraud detection system with patented cutting-edge capabilities.
  • Through the proprietary application of advanced algorithms and machine learning techniques, Logiq’s programmatic platform analyzes vast amounts of data to detect fraudulent practices, such as click fraud, impression fraud, and traffic manipulation.
  • What further sets Logiq’s programmatic platform apart from other fraud detection systems is its intelligent ability to adapt and evolve alongside ever-changing fraudulent tactics.
  • Overall, Logiq’s AI platform is a powerful tool in the fight against digital advertising fraud.

Logiq Acquires Park Place Payments, Award-Winning, Women-Owned Fintech Company

Retrieved on: 
Wednesday, April 26, 2023

Park Place is at the forefront of the booming gig economy , recruiting, training and motivating its independent account executives through a virtual workplace and online community.

Key Points: 
  • Park Place is at the forefront of the booming gig economy , recruiting, training and motivating its independent account executives through a virtual workplace and online community.
  • The company provides its sales force a unique opportunity to build an unlimited recurring income stream without any financial commitment.
  • The company has received nationwide recognition for its revolutionary approach to financial freedom, particularly for women and minorities.
  • Park Place has been featured on Bloomberg , Forbes , Fox Business , Fortune , and Inc. Magazine , and multiple other major media outlets.

Logiq Reports Progress with Major Corporate Initiatives, Sees Strong Outlook Ahead for 2023

Retrieved on: 
Wednesday, March 22, 2023

“We have been preparing to report our 2022 results along with a detailed corporate update,” stated Logiq CEO, Brent Suen.

Key Points: 
  • “We have been preparing to report our 2022 results along with a detailed corporate update,” stated Logiq CEO, Brent Suen.
  • On March 16, 2023, both the Ionic share purchase agreement and the associated S-1 registration were mutually terminated.
  • Given the company’s progress over the last several months and positive outlook ahead, Logiq management believes it was in the best interest of shareholders to eliminate the funding program.
  • If such a transaction would be completed, we would expect the combined scale to propel our growth exponentially in 2023.”

Logiq Terminates Share Purchase Agreement with Ionic Ventures and Withdraws Registration Statement

Retrieved on: 
Thursday, March 16, 2023

NEW YORK, March 16, 2023 (GLOBE NEWSWIRE) -- Logiq, Inc. (OTC:LGIQ), a leading provider of digital consumer acquisition solutions, has today announced the termination of its stock purchase agreement with Ionic Ventures and withdrawal of its S-1 financing facility.

Key Points: 
  • NEW YORK, March 16, 2023 (GLOBE NEWSWIRE) -- Logiq, Inc. (OTC:LGIQ), a leading provider of digital consumer acquisition solutions, has today announced the termination of its stock purchase agreement with Ionic Ventures and withdrawal of its S-1 financing facility.
  • Logiq CEO, Brent Suen, stated: “We plan to embark on a decisive path of mergers and acquisitions, given that there is an amazing opportunity to increase our size, presence and revenue profile this year.”

Logiq Appoints Former Ogilvy and WPP Executive as COO and Makes Board Changes in Preparation for Transformative M&A

Retrieved on: 
Thursday, January 5, 2023

His career has been dedicated to integrating technologies, people and data for driving profitable growth and long-term success.

Key Points: 
  • His career has been dedicated to integrating technologies, people and data for driving profitable growth and long-term success.
  • As Logiq’s new COO, he will initially be responsible for leading the company’s DataLogiq operations and preparing them for the previously announced planned spinoff into a Nasdaq-traded SPAC.
  • Commented Andrews: “I'm excited to join the amazing Logiq team at this critical stage in its growth and development.
  • The PrivCo is expected to nominate additional board members following the transaction, as well as make additional executive appointments.