LOGIQ INC - LGIQ STOCK NEWS

Logiq, a global leader in consumer acquisition solutions, has signed a Letter of Intent to acquire assets of Battle Bridge Labs, a digital marketing agency based in Tulsa, Oklahoma. The deal, valued at $3.25 million, consists of $250,000 in cash and $3 million in restricted shares. Battle Bridge is projected to generate $3.8 million in revenue with $1.4 million in EBITDA positive cash flow for 2022. Logiq aims for a breakeven EBITDA run rate by the end of the year, with the acquisition expected to enhance synergy and revenue growth.

Logiq Inc. (OTCQX: LGIQ) has announced its application to up-list its common stock entity, Lovarra, to the OTCQB Venture Market. The move aims to enhance market liquidity and visibility for investors. The transition to OTCQB is expected to improve transparency and compliance, potentially attracting a broader range of investors. Additionally, Christopher LaCoursiere has been appointed as the Head of Investor Relations, bringing experience from NASDAQ-listed companies. This strategic step follows the recent establishment of a dedicated executive management team.

Logiq, Inc. (OTCQX: LGIQ) has announced the formation of a dedicated executive team for its newly branded entity, GoLogiq, following the transfer of AppLogiq assets to Lovarra. This asset transfer aligns with a pro rata distribution of Lovarra ownership to shareholders by mid-2022. The new executive team, led by Matt Brent as CEO, aims to enhance the company’s focus on mobile fintech solutions in Southeast Asia. The leadership’s extensive experience is expected to drive growth and create value for investors as GoLogiq pursues strategic opportunities.

Logiq, Inc. (LGIQ) reported a record revenue of $12.3 million for Q4 2021, marking an 87% increase year-over-year. Gross margins are anticipated to exceed 34%, up from 21.1% in Q4 2020. This growth reflects the company's strategic focus on more profitable revenue streams and effective market adjustments. Brent Suen, the president, emphasized the team's commitment to enhancing profitability and revenue performance throughout 2021. Despite the promising metrics, these results are preliminary and unaudited, highlighting the importance of ongoing scrutiny.

Logiq, Inc. announced the successful transfer of its AppLogiq assets to Lovarra (OTC: LOVA), completing a strategic separation of its business units. This move aims to enhance growth opportunities by allowing both DataLogiq and AppLogiq to focus on their respective markets. AppLogiq includes the award-winning CreateApp™ platform and mobile payment solutions, with plans for M&A to boost revenue streams. Logiq retains control of Lovarra until shares are distributed to shareholders on December 30, 2021, maintaining consolidated financial reporting during this period.

Logiq, Inc. (OTCQX: LGIQ) announced a significant management restructuring aimed at enhancing operational performance following the successful execution of its strategic initiatives from 2020-2021. Brent Suen returns as CEO, supported by a team with considerable experience in digital marketing and AI. The company is transitioning towards customer acquisition and opportunistic mergers and acquisitions (M&A), especially following its mobile commerce spin-off. This reorganization is seen as a positive step to boost shareholder value and capitalize on market opportunities.

Logiq, Inc. (OTCQX: LGIQ) reported strong preliminary results for Q4 and full year 2021, with revenues reaching a record $12.3 million, an 87% increase from the previous year. The gross margin expanded to over 34%, surpassing earlier guidance and reflecting robust financial health. The company expects full year revenue to be approximately $36.5 million. Logiq plans to separate its DataLogiq and AppLogiq divisions, aiming for annualized revenues of $50 million to $75 million by year-end 2022. They also reported potential M&A activity, showing confidence in future growth.

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.

Logiq has finalized its agreement to transfer its AppLogiq assets into Lovarra, following a recent acquisition of a control position in the public company. This move is part of Logiq's strategy to separate its DataLogiq and AppLogiq businesses into two independent public entities.

Shareholders will receive shares in Lovarra, soon to be renamed GoLogiq, on a proportionate basis by June 30, 2022. The AppLogiq assets include the CreateApp platform and related technologies. Logiq's gross margin has improved over recent quarters, despite ongoing strategic changes.