LOGIQ INC - LGIQ STOCK NEWS

Logiq, Inc. (OTC:LGIQ) has announced a definitive agreement to acquire MedLab Essentials, , a leader in cell and gene therapy innovation, in a deal valued at $100 million. The acquisition will be executed through a share exchange, with MedLab becoming a wholly owned subsidiary of Logiq. Key highlights include:

1. Logiq shareholders will retain 15% post-transaction
2. The combined entity aims to uplist to Nasdaq, CBOE, or NYSE
3. A substantial capital raise is planned by the end of 2024
4. This marks Logiq's first step in a series of biotech acquisitions targeting a cumulative value over $750 million

This strategic move signifies Logiq's diversification into the biotech sector, particularly focusing on cell and gene therapy assets.

Logiq has signed a binding letter of intent to acquire MedLab Essentials for $100 million in a share exchange deal. MedLab will become a wholly-owned subsidiary, with its executives joining Logiq's senior management.

This acquisition diversifies Logiq into the biotech sector and aims for a Nasdaq, CBOE, or NYSE uplisting by Q3 2024. Post-transaction, Logiq shareholders will retain 15% of the company. This is part of a broader strategy to expand into biotech and cell and gene therapy, targeting a cumulative value exceeding $750 million.

DLQ, Inc. provides an update on its pending merger with ABRI SPAC I, Inc. The registration statement for the merger has been declared effective by the SEC. Logiq has scheduled a special meeting of its stockholders on October 23, 2023, to seek approval for the merger. The combined company is expected to be renamed 'Collective Audience, Inc.' and listed on Nasdaq under the ticker symbols 'CAUD' and 'CAUDW'. The merger is expected to close in Q4 2023, subject to approvals.

Logiq reports Q2 2023 revenues of $4.86 million, increasing 37% sequentially and 47% YoY. Pending SPAC merger with ABRI SPAC I expected to provide a listing on a senior stock exchange. DataLogiq subsidiary SPAC merger in progress. Struggling IPO market increases value of public reporting companies like Logiq. Late-stage discussions with potential M&A targets. Park Place Payments business solid, growth dependent on funding. New product lines planned for launch. Acquisition targets expected to drive revenue growth.

Logiq, Inc. (OTCQX: LGIQ) has announced the acquisition of Park Place Payments, a fintech company specializing in merchant payment solutions. This all-stock transaction is valued at over $6 million, contingent upon meeting specific milestones. Park Place operates within the gig economy, boasting more than 1,500 account executives and generating over $5 million in revenue with an annualized transaction volume exceeding $180 million. The acquisition is expected to enhance Logiq's digital marketing capabilities and expand its fintech offerings to a broader array of small businesses. Park Place aims to grow its sales team to 40,000 executives in the coming years, potentially yielding $15 million in additional revenue for Logiq within a year. This strategic move aligns with Logiq's ongoing M&A strategy to enhance its direct-to-consumer and B2B business model.