Logiq (OTC: LGIQ) Announces Initial Public Offering of Units in Canada

NEW YORK, May 11, 2021 — Logiq, Inc. (“Logiq” or the “Company”) (OTCQX: LGIQ), a global provider of award-winning eCommerce and fintech solutions, has filed an amended and restated preliminary prospectus (the “Preliminary Prospectus”) for a proposed initial public offering (the “Offering”) of units of the Company (the “Units”) in Canada. Each Unit will consist of one share of common stock of the Company (a “Unit Share”) and one purchase warrant of the Company (each, a “Warrant”). Each Warrant is exercisable to acquire one share of common stock of the Company (a “Warrant Share”). The number of Units to be sold, the offering price of the Units and the terms of the Warrants (including the exercise price and expiry term) will be determined in the context of the market.

The Offering is being conducted by Research Capital Corporation as the lead agent and sole bookrunner (the “Agent”). The Preliminary Prospectus has been filed with the securities regulatory authorities in each of the provinces of Canada (other than Quebec).

The Company has granted the Agent an option (the “ Over-Allotment Option ”) to cover over-allotments and for market stabilization purposes, exercisable in whole or in part at the sole discretion of the Agent, at any time up to 30 days from the closing of the Offering, to increase the size of the Offering by up to 15% of the number of Units (and/or the components thereof) sold pursuant to the Offering, on the same terms and conditions of the Offering.

The net proceeds of the Offering will be used for development of additional data analytics tools, sales generation and marketing, and for working capital requirements and other general corporate purposes.

The closing of the Offering is currently expected to be on or about the week of June 7, 2021, or on such date as the Agent and the Company may agree upon, and is subject to certain conditions including, but not limited to the execution of an agency agreement and the receipt of all necessary regulatory approvals including the approval of the NEO Exchange (the “NEO”) in Canada.

The Company has received conditional approval to list its common stock, including the Unit Shares being distributed under the prospectus, the Warrant Shares issuable upon exercise of the Warrants, any common stock and Warrant Shares issued upon exercise of the Over-Allotment Option and upon exercise of the Agent’s compensation options, on the NEO under the symbol “LGIQ”. Upon listing on the NEO after meeting all listing conditions, Logiq’s common stock would continue to be traded in the U.S. on the OTCQX Market as LGIQ.

“We are fortunate to have the assistance of Research Capital’s experienced and capable team as we take this major step towards completing our NEO listing process,” stated Logiq’s executive chairman and president, Brent Suen. “As a senior exchange, the NEO platform exemplifies how state-of-the-art exchange trading technology can help increase investor confidence, improve liquidity, and elevate a company’s global profile.”

Our customer relationships now range from hundreds of thousands of SMBs around the world to publicly traded Fortune 1000 companies. Among our notable customers are QuinStreet (a marketing technology company), Purple (the creator of the renowned Purple mattress) and Sunrun (a solar company).

The Preliminary Prospectus contains important information relating to Logiq and the Units. The Preliminary Prospectus remains subject to completion or amendment. There will not be any sale or any acceptance of an offer to buy the Units until a receipt for the final prospectus has been issued by the relevant securities regulatory authorities in Canada. A copy of the Preliminary Prospectus can be obtained under Logiq’s corporate profile on SEDAR at www.sedar.com. There can be no assurance that Logiq will satisfy all applicable requirements for listing its common stock on the NEO, that its application for listing will be approved or that a receipt for its final prospectus will be issued.

About Logiq

Logiq, Inc. (OTCQX: LGIQ) is a U.S.-based leading global provider of eCommerce, mCommerce, and fintech business enablement solutions. Its DataLogiq subsidiary provides a data-driven, end-to-end eCommerce marketing solution for enterprises and major U.S. brands, including Home Advisor, QuinStreet and Sunrun. Its AI-powered LogiqX™ data engine delivers valuable consumer insights that enhance the ROI of online marketing spend. The company’s Fixel™ technology offers simplified online marketing with critical privacy features.

Logiq’s AppLogiq™ platform-as-a-service enables small- and medium-sized businesses worldwide to easily create and deploy a native mobile app for their business without technical knowledge or background. AppLogiq empowers businesses to reach more customers, increase sales, manage logistics, and promote their products and services in an easy, affordable, and highly efficient way. AppLogiq is offered in 14 languages across 10 countries and three continents, including some of the fastest-growing emerging markets in Southeast Asia. The company’s PayLogiq™ offers mobile payments, and GoLogiq™ offers hyper-local food delivery services.

For more information about Logiq, go to Logiq.com.

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