LGIQ
Industry:
Other

DESCRIPTION

Logiq is a Delaware-incorporated shell company with no operating business. Logiq previously operated two businesses — DataLogiq, a digital marketing analytics and performance marketing business serving SMBs, and AppLogiq (GoLogiq), a platform-as-a-service business that helped SMBs build mobile apps and e-commerce storefronts. Logiq spun off AppLogiq in July 2022 and spun off DataLogiq via a SPAC merger with Abri SPAC I (now Collective Audience) in November 2023. Following these divestitures, Logiq generates zero revenue and retains only residual IP and a small minority stake (~7.6%) in GoLogiq. The company states it is evaluating M&A opportunities across various industries. Logiq has no meaningful operations, only 2 contracted personnel, and its auditors have issued a going concern opinion. The company is funded entirely through equity issuances, holds only $17K in cash, and carries an accumulated deficit of approximately $132M. Logiq is effectively a blank-check shell seeking an acquisition target.

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