Logiq (LGIQ) has finalized the terms of its agreement with Lovarra to transfer Logiq’s AppLogiq assets into Lovarra.
The agreement supports Logiq’s plans to separate its DataLogiq and AppLogiq businesses into two independent publicly traded companies. The next step will involve the transfer of AppLogiq assets into Lovarra before the end of the year.
Brent Suen, President of Logiq sat down with Caroline Egan to discuss the news.
Logiq is also applying to FINRA to change the name of Lovarra to GoLogiq and obtain a new trading symbol.
Logiq shareholders of record on December 30, 2021, will receive shares in Lovarra/GoLogiq on a proportionate basis. This distribution is planned to occur on or about June 30, 2022.
Logiq Inc. is a U.S.-based 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.
Logiq (LGIQ) opened trading at C$2.54 per share.