Logiq Inc (OTCMKTS:LGIQ) Stock Surges 50% In a Month: But Why?
Leading provider of digital consumer acquisition solutions, Logiq Inc (OTCMKTS:LGIQ), on May 9, 2023, appointed venture investor and tech industry visionary, Peter Bordes, to the board of directors. Following the appointment, the board now has four directors, with two serving independently.
Trading Data
On Tuesday, LGIQ stock slumped 1.77% to $0.5550 with 701.89K shares, compared to volume of 107.83K shares. The stock moved within a range of $0.5266 – 0.6630 after opening trade at $0.6500.
Logiq Appoints Technology Visionary and Investor, Peter Bordes, to Board of Directors
A lifelong entrepreneur, Bordes has over three decades of board and executive board experience, leading both public and companies across AdTech, AI, media,fintech, and technology sectors. He also brings achievements in venture investing focusing on disruptive technology innovation driving digital transformation.
Logiq CEO, Brent Suen said that he anticipates Peter’s extensive experience as a senior executive, venture investor, and board member contributing significantly to the growth strategy as well as M&A initiatives. Suen added that his focus is on advancing disruptive technologies aligning with the vision and mission of Logiq.
An active angel investor as well as entrepreneur mentor, Bordes has been ranked among the country’s Top 100 Most Influential Angel Investors. He has facilitated in scaling companies from startups to fully operationalized organizations. A noted thought leader across several industry sectors, Bordes has been a founding member and former chairman of the Performance Marketing Association.
Bordes expressed excitement about joining the board at an important stage in the development, especially as the company closes in on a number of strategic M&A targets. He looks forward to helping Logiq succeed in the M&A endeavors and support organic growth in 2023.
