Mobile commerce firm NXT-ID has announced it has completed its acquisition of LogicMark a leading provider of unmonitored personal emergency response devices (PERS). NXT-ID had previously revealed it acquisition of LogicMark for $20,000,000, and $900,000 of stock and warrants.In addition, LogicMark's selling equity holders may be paid an earn-out of up to $6,500,000 based on achieving certain performance goals within the next 18 months. The acquisition was financed with a $15,000,000 senior secured debt facility provided by ExWorks Capital Fund and $4,500,000 of preferred equity provided by several institutional investors. Aegis Capital served as exclusive placement agent for the debt and equity financing, as well as financial advisor to NXT-ID. Livingstone, an international mid-market M&A and debt advisory firm, served as advisor to Logicmark. For the year ended December 31, 2015 LogicMark had audited revenue and net profit of $ 11.1 million and $ 3.1 million respectively. For the three months ended March 31, 2016, LogicMark had unaudited revenue and net profit of $ 3.3 million and $ 1.0 respectively. LogicMark is comprised of a staff of 22 full-time professionals, 3 part-time professionals, and 5 contractors.