0001575872-24-000309.txt : 20240329 0001575872-24-000309.hdr.sgml : 20240329 20240329162852 ACCESSION NUMBER: 0001575872-24-000309 CONFORMED SUBMISSION TYPE: NT 10-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240329 FILED AS OF DATE: 20240329 DATE AS OF CHANGE: 20240329 EFFECTIVENESS DATE: 20240329 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LOGIQ, INC. CENTRAL INDEX KEY: 0001335112 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 465057897 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NT 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-51815 FILM NUMBER: 24804405 BUSINESS ADDRESS: STREET 1: 85 BROAD STREET, 16-079 CITY: NEW YORK STATE: NY ZIP: 10004 BUSINESS PHONE: (808) 829-1057 MAIL ADDRESS: STREET 1: 85 BROAD STREET, 16-079 CITY: NEW YORK STATE: NY ZIP: 10004 FORMER COMPANY: FORMER CONFORMED NAME: WEYLAND TECH, INC. DATE OF NAME CHANGE: 20150902 FORMER COMPANY: FORMER CONFORMED NAME: Seratosa Inc. DATE OF NAME CHANGE: 20140421 FORMER COMPANY: FORMER CONFORMED NAME: Sitoa Global Inc. DATE OF NAME CHANGE: 20110826 NT 10-K 1 lg032_nt10k.htm FORM 12B-25

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 12b-25

 

NOTIFICATION OF LATE FILING

 

(Check One): x Form 10-K ¨ Form 20-F ¨ Form 11-K ¨ Form 10-Q ¨ Form 10-D ¨ Form N-CEN ¨ Form N-CSR

 

For Period Ended: December 31, 2023

¨ Transition Report on Form 10-K

¨ Transition Report on Form 20-F

¨ Transition Report on Form 11-K

¨ Transition Report on Form 10-Q

For the Transition Period Ended: __________________________________________

 

Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.

 

PART I - REGISTRANT INFORMATION

 

Logiq, Inc.

Full Name of Registrant:

        

Weyland Tech, Inc.

Former Name if Applicable:

 

230 Victoria Street Bugis Junction

Address of Principal Executive Office (Street and Number)

 

#15-01/08, Singapore 188024

City, State and Zip Code

 

PART II - RULES 12b-25(b) AND (c)

 

If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate)

 

  (a) The reason described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
     
x (b) The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-CEN or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and
     
  (c) The accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.

  

 

 

 

 

 

PART III - NARRATIVE

 

State below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-CEN, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.

 

Logiq, Inc., a Delaware corporation (the “Company”), is unable to file its Annual Report on Form 10-K for the year ended December 31, 2023 (the “Annual Report”) within the prescribed time period without unreasonable effort or expense. The Company requires additional time to finalize its financial statements to be filed as part of the Annual Report. The additional time is required to, among other things, work with its external auditors, which are located in Hong Kong, to ensure all related audit procedures have been performed.

 

For the foregoing reasons, the Company requires additional time to complete the procedures relating to its year-end reporting process, including the completion of the Company’s financial statements, and therefore, the Company is unable to file the Annual Report by Apri1 1, 2024, the prescribed filing due date for the Annual Report. The Company expects to file the Annual Report within the extension period provided under Rule 12b-25 under the Securities Exchange Act of 1934, as amended.

 

PART IV - OTHER INFORMATION

 

  (1) Name and telephone number of person to contact in regard to this notification

 

Brent Y. Suen   808   829-1057
(Name)   (Area Code)   (Telephone Number)

 

  (2) Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding l2 months (or for such shorter period that the registrant was required to file such reports) been filed? If answer is no, identify report(s).   x Yes ¨ No
           
  (3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?   xYes ¨ No
           
    If so: attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.      

 

As previously announced, on September 12, 2022, Abri SPAC I, Inc., a Delaware corporation (“Abri”), Abri Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of Abri (“Merger Sub”), the Company and, DLQ, Inc., a Nevada corporation and wholly owned subsidiary of the Company (“DLQ”) entered into a Merger Agreement (the “Merger Agreement”), included as an exhibit to the Current Report on Form 8-K filed on November 2, 2023.

 

As previously reported on the Current Report on Form 8-K filed by the Company with the Securities and Exchange Commission (“SEC”) on October 25, 2023, the Company held a special meeting of its stockholders (the “Special Meeting”), at which holders of 59,902,368 or 56.89% shares of Company Common Stock ( the “Company Common Stock”) were present in person or by proxy, constituting a quorum for the transaction of business. Only stockholders of record as of the close of business on September 25, 2023, the record date (the “Record Date”) for the Special Meeting, were entitled to vote at the Special Meeting. As of the Record Date, 105,284,314 shares of Company Common Stock were outstanding and entitled to vote at the Special Meeting.

 

At the Special Meeting, the Company’s stockholders voted to approve the proposals outlined in the final prospectus and definitive proxy statement filed by the Company with the SEC on October 10, 2023 (the “Proxy Statement”), including, among other things, the adoption of the Merger Agreement and approval of the transactions contemplated by the Merger Agreement, including the merger of Merger Sub with and into DLQ, with DLQ continuing as the surviving corporation and as a wholly-owned subsidiary of Collective Audience, and the issuance of Collective Audience securities as consideration thereunder, as described in the section titled “The Business Combination Proposal (Proposal 1)” beginning on page 89 of the Proxy Statement/Prospectus (the “Merger” and, together with the other transactions contemplated by the Merger Agreement, the “Business Combination”).

 

 On November 2, 2023 (the “Closing Date”), the Business Combination, including the Merger, was completed (the “Closing”). When filed, the Annual Report will reflect the results of continuing operations of the Company after conducting the various business transactions, notably the Closing, over the course of the fiscal year ended December 31, 2023, as well as changes to the company’s business operations during the same period, which the Company expects will result in significant changes to the Company’s results of continuing operations from the corresponding periods for the last fiscal year. Due to the continuing preparation of the financial statements of the Company, the Company cannot, at this time, provide a reasonable estimate of the results of operations for the year ended December 31, 2023.

 

Forward-Looking Statements

 

This Form 12b-25 contains certain forward-looking statements that involve substantial risks and uncertainties. When used herein, the terms “intends,” “anticipates,” “expects,” “estimates,” “believes” and similar expressions, as they relate to the Company or our management, are intended to identify such forward-looking statements.

 

Forward-looking statements in this Form 12b-25 or hereafter, including in other publicly available documents filed with the U.S. Securities and Exchange Commission (the “Commission”), reports to the stockholders of the Company and other publicly available statements issued or released by the Company involve known and unknown risks, uncertainties and other factors which could cause the Company’s actual results, performance (financial or operating) or achievements to differ from the future results, performance (financial or operating) or achievements expressed or implied by such forward-looking statements. Such future results are based upon management’s best estimates based upon current conditions and the most recent results of operations. These risks include, but are not limited to, the risks set forth herein and in such other documents filed with the Commission, each of which could adversely affect the Company’s business and the accuracy of the forward-looking statements contained herein. The Company’s actual results, performance or achievements may differ materially from those expressed or implied by such forward-looking statements.

 

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LOGIQ, INC.

 

(Name of Registrant as specified in charter)

 

has caused this notification to be signed on its behalf by the undersigned thereunto duly authorized.

 

  LOGIQ, INC.
     
Date: March 29, 2024 By: /s/ Brent Suen
    Name:  Brent Suen
    Title: Chief Executive Officer

 

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