LOGIQ INC - LGIQ STOCK NEWS

Logiq, a digital consumer acquisition solutions provider, announced the termination of its stock purchase agreement with Ionic Ventures and the withdrawal of its S-1 financing facility on March 16, 2023. CEO Brent Suen highlighted plans for pursuing mergers and acquisitions to enhance company size and revenue this year. The firm specializes in e-commerce and digital customer acquisition, offering a self-serve ad tech platform that utilizes AI-driven solutions to facilitate advertising across various digital publishers. Logiq aims to leverage upcoming opportunities to improve its market position.

Logiq, a digital consumer acquisition solutions provider, announces the appointment of Christopher Andrews as its new Chief Operating Officer, succeeding John MacNeil, who becomes SVP of mergers and acquisitions. Andrews, with over 20 years in business leadership, aims to enhance DataLogiq operations and facilitate its planned spinoff into a Nasdaq-traded SPAC. The transition is expected to bolster Logiq's market position, particularly in performance marketing for compliance markets. The board is also undergoing changes as part of this strategic transformation.

Logiq, Inc. (OTCQX: LGIQ) reported that its DataLogiq business revenues for Q4 2022 are expected to exceed $7.5 million, marking a significant increase of over 83% sequentially and over 9% year-over-year. The company, led by CEO Brent Suen, completed a restructuring to enhance growth. Logiq anticipates transformational events in 2023, aiming for an up-listing to a major exchange and the potential to exceed $100 million in annualized revenue with profitability.

Logiq, Inc. (OTCQX: LGIQ) announced a strategic alliance with MediaJel, aimed at enhancing marketing capabilities and expanding reach in regulated industries like cannabis and online gambling. This partnership seeks to leverage Logiq's lead generation tools and MediaJel's consumer audience engine, ultimately boosting performance and ROI for advertisers. Both companies anticipate that this collaboration will create new revenue streams, increase enterprise value, and strengthen competitive positioning.

Logiq (OTCQX: LGIQ) has signed a non-binding letter of intent to acquire a privately held entity, referred to as PrivCo, coinciding with its pending de-SPAC deal with Abri SPAC I (Nasdaq: ASPA). The valuation of PrivCo is estimated between $225 million and $300 million. Post-transaction, Logiq aims to apply for an up-listing on Nasdaq or NYSE, along with a significant capital raise. The transaction is expected to finalize by March 31, 2023, contingent on the completion of a definitive merger agreement.

Logiq, Inc. (OTCQX: LGIQ) reported financial results for Q3 2022, revealing consolidated revenue of $4.1 million, a decrease from $7.8 million year-over-year. Operating income fell to $4.1 million, while the DataLogiq segment generated $3.8 million, up sequentially but down from $5.0 million a year ago. The company continues to project a revenue run-rate of $40 million to $50 million for 2022 and anticipates scaling its operations with a strong customer pipeline. Logiq's CEO expressed confidence in future growth driven by strategic M&A and regulatory expertise in high-value markets.

Logiq, Inc. (OTCQX: LGIQ) will hold a conference call on November 15, 2022, at 10:30 a.m. ET, to discuss its Q3 2022 financial results. The results will be released prior to the call, which will include a Q&A session after the prepared remarks. Logiq provides digital customer acquisition solutions, optimizing advertising across various channels. Investors can access the call via audio link and will find a replay on the Investor section of Logiq's website.

Logiq, a digital consumer acquisition solutions provider, announced a new managed services contract with a mid-sized client expected to generate between $2 million and $3 million in monthly revenue. The contract, part of Logiq’s strategy to enhance its service offerings through the acquisition of Battle Bridge, aims to leverage programmatic advertising for clients in regulated industries. CEO Brent Suen emphasized the operational synergies achieved post-acquisition, while further client traction is anticipated in compliant sectors like Cannabis and eSports.

Logiq, Inc. (OTCQX: LGIQ) has expanded its services in the high-growth home improvement vertical, focusing on the electric vehicle (EV) charger installation market. The company launched an on-demand digital marketing platform to assist clients in capitalizing on the increasing demand for EV chargers, driven by sales doubling to 6.6 million in 2021. This growth reflects broader consumer trends favoring environmentally friendly vehicles. Logiq aims to provide comprehensive solutions amidst a growing need for charging stations, particularly in areas with significant EV sales.