Sec Form 13D Filing - Safavi Amir Mehdi filing for LOGIQ INC (LGIQ) - 2023-02-17

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

SCHEDULE 13D

 

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO

RULE 13d-2(a)

 

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

LOGIQ, INC.

(Name of Issuer)

 

Common Stock, Par Value $0.0001

 (Title of Class of Securities)

 

5414401035 

(CUSIP Number)

 

Amir Mehdi Safavi

42 Avenue Joseph Giordan

Botiment Vega

Nice 06200, France

(424) 206-9542

 (Name, Address and Telephone Number of Person

Authorized to Receive Notices and Communications)

 

January 26, 2023

 (Date of Event which Requires Filing of This Statement)

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule  because  of Rule  13d-1(e),  13d-1(f)  or  13d-1(g),  check  the following box ☐.

 

The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

 

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

 

CUSIP No. 541440103

 Schedule 13-D

 Page 2 of 5 Pages

 

1

NAME OF REPORTING PERSONS

 

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

Amir Mehdi Safavi

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

 

(a) [N/A]

(b) [N/A]

3

SEC USE ONLY

 

4

SOURCE OF FUNDS*

 

OO

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

 

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Canada

 

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON WITH

7

SOLE VOTING POWER

 

3,900,000

8

SHARED VOTING POWER

 

9

SOLE DISPOSITIVE POWER

 

3,900,000

10

SHARED DISPOSITIVE POWER

 

 

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

3,900,000

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*

 

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

6.3%(1)

14

TYPE OF REPORTING PERSON*

 

IN

 

(1) The Reporting Person held approximately 6.3% of the outstanding shares of the Issuer as of January 26, 2023.  However, as of the date of this Schedule 13D, the Reporting Person holds 5.9% of the outstanding shares of the Issuer.

 

 

 

 

CUSIP No. 541440103

 Schedule 13-D

 Page 3 of 5 Pages

 

Item 1. Security and Issuer.

 

This Statement of Beneficial Ownership on Schedule 13D (this "Statement") relates to shares of Logiq, Inc. (the "Issuer"). The address of the Issuer's principal executive office is 85 Broad Street, 16-079, New York, New York 10004.

 

Item 2. Identity and Background.

 

(a) This statement is being filed on behalf of Amir Mehdi Safavi (the "Reporting Person").

 

(b) The address of the Reporting Person is 42 Avenue Joseph Giordan, Batiment Vega, Nice 06200, France.

 

(c) The principal occupation of the Reporting Person is a business consultant.

 

(d) During the last five years, the Reporting Person has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).

 

(e) During the last five years, the Reporting Person has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

 

(f) The Reporting Person is a citizen of Canada.

 

Item 3. Source and Amount of Funds or Other Consideration.

 

The shares were obtained pursuant to the Independent Contractor Agreement dated August 12, 2022, by and between Amir Mehdi Safavi and Logiq, Inc. Amir Mehdi Safavi provided consulting services for the company in exchange for 3,900,000 shares of common stock. 

 

Item 4. Purpose of Transaction.

 

(a) The Common Stock has been acquired by the Reporting Person pursuant to an Independent Contractor Agreement and was not acquired with the intent to change or influence control of the Issuer or to participate in any transaction having that purpose or effect. 

 

(b) – (j) None.

 

 

 

 

CUSIP No. 541440103

 Schedule 13-D

 Page 4 of 5 Pages

 

Item 5. Interest in Securities of the Issuer.

 

(a) Amir Mehdi Safavi beneficially owns 3,900,000 common shares, which, as of January 26, 2023, equated to approximately 6.3% of the outstanding shares of the Issuer. As of the date of this Schedule 13D, the Reporting Person now owns 5.9% of the outstanding shares of the Issuer.

 

(b) The Reporting Person may be deemed to have sole voting power and dispositive power with respect to the shares of common stock held by Amir Mehdi Safavi.

 

(e) None.

 

(d) No person (other than the Reporting Person) has the right to receive or the power to direct the receipt of distributions with respect to, or the proceeds from the sale of, the common stock owned by the Reporting Person.

 

(e) Not Applicable.

 

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.

 

The responses set forth in Item 4 hereof are incorporated by reference in their entirety.

 

Except as referenced above or as described in Item 4 hereof, there are no contracts, arrangements, understandings, or relationships among the persons named in Item 2 or between such persons and any other person with respect to any securities of Logiq, Inc.

 

Item 7. Material to be Filed as Exhibits.

 

None.

 

 

 

 

CUSIP No. 541440103

 Schedule 13-D

 Page 5 of 5 Pages

 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Dated: February 17, 2023 

/s/ Amir Mehdi Safavi

 

 

Amir Mehdi Safavi

 

 

Attention. Intentional misstatements or omissions of fact constitute Federal criminal violations (see 18 U.S.C. 1001).