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Re: crab_paste post# 60452

Thursday, 03/31/2022 2:19:58 PM

Thursday, March 31, 2022 2:19:58 PM

Post# of 60692
On March 30, 2022, Logiq, Inc., a Delaware corporation (the “Company”), entered into a Purchase Agreement with Ionic Ventures, LLC (“Ionic”), whereby the Company has the right, but not the obligation, to sell to Ionic, and Ionic is obligated to purchase up to in the aggregate $40,000,000 worth of the Company’s common stock (the “Purchase Shares”), par value $0.0001 per share (“Common Stock”). Sales of Common Stock by the Company under the Purchase Agreement will be subject to certain limitations, and may occur from time to time, at the Company’s sole discretion, over the 24-month period commencing on March 30, 2020 (the “Primary Commencement Date”).

24 month period commencing on March 30, 2020 means that the Purchase Agreement has now expired.

They can't get anything right, not even simple terms in a contract.

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