UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 1, 2021
LOGIQ, INC.
(Exact name of registrant as specified in its charter)
| Delaware |
|
000-51815 |
|
46-5057897 |
(State or other jurisdiction
of incorporation) |
|
(Commission
File Number) |
|
(IRS Employer
Identification No.) |
85 Broad Street, 16-079
New York, New York 10004
(Address of Principal Executive Offices)
(808) 829-1057
Registrant’s telephone number, including area code:
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General
Instruction A.2. below):
| ☐ | Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425) |
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12) |
| ☐ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class |
|
Trading Symbol(s) |
|
Name of each exchange on which registered |
| None |
|
N/A |
|
N/A |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 Other Events
On December 1, 2021, Logiq, Inc. (the “Company”)
issued a press release announcing the Company’s acquisition, through its subsidiary GoLogiq LLC of approximately 78.5% of the outstanding
capital stock of Lovarra, a fully reporting U.S. public company. This acquisition of a control stake was done to advance the Company’s
previously announced plans to separate its AppLogiq and DataLogiq businesses into two separate publicly traded companies. Such separation
has not yet occurred but the Company currently intends to complete the transfer of its AppLogiq business to the acquired entity by December
2021, and the transfer of its beneficial stake in an associated entity, PT Weyland Indonesia Perkasa, a limited liability company organized
under the laws of the Republic of Indonesia (“WIP”) before the end of February 2022, subject to customary conditions and approvals
and completion of requisite financial statement audits.
A copy of the press release announcing the acquisition
is furnished as Exhibit 99.1 to this Current Report on Form 8-K, and is incorporated herein by reference.
Forward-Looking
Statements
This Current Report on
Form 8-K and the exhibit(s) attached hereto (collectively, the “Report”), including the disclosures set forth herein, contains
certain forward-looking statements that involve substantial risks and uncertainties. When used herein, the terms “anticipates,”
“expects,” “estimates,” “believes” and similar expressions, as they relate to us or our management,
are intended to identify such forward-looking statements.
Forward-looking statements
in this Report or hereafter, including in other publicly available documents filed with the Securities and Exchange Commission (the “Commission”),
reports to the stockholders of the Company and other publicly available statements issued or released by us involve known and unknown
risks, uncertainties and other factors which could cause our actual results, performance (financial or operating) or achievements to differ
from the future results, performance (financial or operating) or achievements expressed or implied by such forward-looking statements.
Such future results are based upon management’s best estimates based upon current conditions and the most recent results of operations.
These risks include, but are not limited to, the risks set forth herein and in such other documents filed with the Commission, each of
which could adversely affect our business and the accuracy of the forward-looking statements contained herein. Our actual results, performance
or achievements may differ materially from those expressed or implied by such forward-looking statements.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| |
LOGIQ, INC. |
| |
|
|
| Dated: December 1, 2021 |
By: |
/s/ Brent Suen |
| |
|
Brent Suen
President and Executive Chairman |
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