Logiq Inc. acquires medical device firm EVIMATE for $5M, entering the medical devices market.

Logiq Inc. has acquired medical device firm EVIMATE for $5 million, marking its entry into the medical devices market. EVIMATE's AI-driven products monitor vital signs, including temperature and heart rate. The deal will make EVIMATE a wholly-owned subsidiary and integrate its executives into Logiq's management. Logiq aims to transition to a Nasdaq or NYSE listing by Q1 2025, enhancing its market presence and attracting investors.

October 08, 2024
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