Logiq acquires medical AI device company EVIMATE for $5M, entering medical devices sector.

Logiq Inc. is set to acquire medical device company EVIMATE for $5 million, marking its entry into the medical devices sector. EVIMATE offers AI-driven products for monitoring vital health metrics. The acquisition, expected to close by October 7, 2024, will see EVIMATE become a subsidiary of Logiq, with plans to transition to a Nasdaq or NYSE listing by Q1 2025, enhancing market presence and attracting investors.

October 08, 2024
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