Logiq Adjourns Special Meeting of Stockholders to January 18, 2022; Encourages Stockholders to Vote

Rhea-AI Summary

Logiq, Inc. (OTCQX: LGIQ) convened a Special Meeting of Stockholders on December 20, 2021, but failed to establish a quorum. The meeting has been adjourned to January 18, 2022, to allow more time for stockholders to vote. If a quorum is not met by the rescheduled date, the company will be unable to conduct business as detailed in its proxy statement. Stockholders are urged to vote via the Internet, telephone, or mail, ensuring they follow instructions on the provided proxy card.

Positive

• Adjournment allows more time for stockholders to vote, potentially increasing participation.

Negative

• No quorum was established at the initial meeting, indicating possible low shareholder engagement.

NEW YORK, Dec. 23, 2021 (GLOBE NEWSWIRE) -- Logiq, Inc. (OTCQX: LGIQ, NEO: LGIQ), a global provider of award-winning consumer acquisition solutions, convened its Special Meeting of Stockholders (the “Special Meeting”) on December 20, 2021; however, a quorum was not present for the conduct of business at the Special Meeting.

To allow more time for stockholders to vote and more time for the company to solicit additional votes to establish a quorum for the Special Meeting, the meeting was convened and then adjourned until Tuesday, January 18, 2022 at 11:00 a.m. Eastern Standard Time, and will reconvene at that time as a virtual meeting via the Internet at www.virtualshareholdermeeting.com/Logiq2021SM. There is no change to the record date of October 25, 2021 for the stockholders entitled to vote at the Special Meeting.

A quorum consists of a majority of the shares entitled to vote. If a quorum is not met as of January 18, 2022, the company will not be able to conduct the business included in the company’s proxy statement.

If you have not yet voted, Logiq urges stockholders to vote through the Internet, by telephone, or by mail by following the instructions on the proxy card they received. These options require stockholders to input their Control Number, which is located on the proxy card. If you authorize a proxy using the Internet, after visiting www.proxyvote.com and inputting your Control Number, you will be prompted to provide your voting instructions. You may also vote your shares telephonically by dialing 1-800-690-6903 from a touch-tone phone and following the automated prompts.

If you hold your shares through a brokerage or other intermediary, you should reach out to such broker or other intermediary to obtain instructions with regards to how to vote your shares.

IMPORTANT INFORMATION
Stockholders should read the company’s proxy statement (filed with the Securities and Exchange Commission (the “SEC”) on November 5, 2021) carefully before making any voting decision, as it contains important information relating to the proposals at the Special Meeting. The proxy statement and the company’s most recent annual report are available at www.proxyvote.com. Additionally, these documents and any other materials filed by the company with the SEC can be obtained free of charge at the SEC’s website at www.sec.gov, or from the company’s website at https://www.logiq.com/ir/sec-filings/.

About Logiq
Logiq Inc. is a U.S.-based leading global provider of e-commerce and fintech business enablement solutions. Its DataLogiq business provides a data-driven, end-to-end marketing and consumer acquisition solution. Its AI-powered LogiqX™ data engine delivers valuable consumer insights that enhance the ROI of online marketing spend and personalization. The company’s Fixel technology offers simplified online marketing with critical privacy features.

Connect with Logiq: Website | LinkedIn | Twitter| Facebook.

Forward-Looking Statements
This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risk and uncertainties.

Company Contact
Brent Suen, President
Logiq, Inc.
Email contact

Media & Investor Contact
Ronald Both or Justin Lumley
CMA Investor & Media Relations
Tel (949) 432-7566
Email contact

FAQ

What happened at Logiq's Special Meeting of Stockholders on December 20, 2021?

The Special Meeting did not achieve a quorum, resulting in the meeting being adjourned to January 18, 2022.

When will the adjourned Special Meeting of Logiq take place?

The adjourned meeting will take place on January 18, 2022, at 11:00 a.m. Eastern Standard Time.

Why did Logiq's Special Meeting fail to establish a quorum?

A quorum consists of a majority of the shares entitled to vote, which was not met during the meeting.

How can Logiq stockholders vote for the Special Meeting?

Stockholders can vote through the Internet, by telephone, or by mail using their Control Number on the proxy card.

What happens if a quorum is not met at the adjourned meeting?

If a quorum is not met on January 18, 2022, the company will not be able to conduct the business listed in the proxy statement.