reports
ContextLogic Urges ALL Stockholders to Protect the Value of their Inve...
ContextLogic Urges ALL Stockholders to Protect the Value of their Investment by Voting “FOR” the Reorganization TODAY Approximately 99% of Shares Voted have been “FOR” the Reorganization Proposal OAKLAND, Calif., July 17, 2025 (GLOBE NEWSWIRE) -- ContextLogic Inc. (OTCQB: LOGC) (“ContextLogic,” the “Company,” “we” or “our”) today reminds stockholders to vote “FOR” the proposed reorganization plan (the “Reorganization” or “Reorganization Proposal”) at the upcoming Annual Meeting of Stockholders (the “Annual Meeting”). The Annual Meeting is scheduled to be held at 10:00 a.m. Pacific Time ...
ContextLogic Announces Adjournment of Annual Meeting of Stockholders t...
ContextLogic Announces Adjournment of Annual Meeting of Stockholders to Allow Additional Time for Stockholders to Vote “FOR” the Reorganization Proposal Approximately 99% of Shares Voted have been “FOR” the Reorganization Proposal Additional Shares Needed to Vote “FOR” to Approve the Reorganization Urges ALL Stockholders to Protect the Value of their Investment by Voting “FOR” the Reorganization Proposal TODAY OAKLAND, Calif., July 10, 2025 (GLOBE NEWSWIRE) -- ContextLogic Inc. (OTCQB: LOGC) (“ContextLogic,” the “Company,” “we” or “our”) today announced its Annual Meeting of Stockhold...
ContextLogic Appoints Finance Executive Michael Scarola as New Chief F...
ContextLogic Appoints Finance Executive Michael Scarola as New Chief Financial Officer OAKLAND, Calif., June 25, 2025 (GLOBE NEWSWIRE) -- ContextLogic Inc. (OTC: LOGC) (“ContextLogic,” the “Company,” “we” or “our”) today announced the appointment of Michael Scarola as Chief Financial Officer, effective June 30, 2025. “We are thrilled to appoint Michael Scarola to the position of Chief Financial Officer. This appointment reflects our strategy to streamline our business as much as possible while we pursue value maximation through organic growth and accretive acquisitions.” said Rishi Baj...
ContextLogic Inc. to Commence Trading on the OTC Markets and Delist fr...
ContextLogic Inc. to Commence Trading on the OTC Markets and Delist from Nasdaq OAKLAND, Calif., May 30, 2025 (GLOBE NEWSWIRE) -- ContextLogic Inc. (Nasdaq: LOGC) (“ContextLogic,” the “Company,” “we” or “our”) today announced its intention to voluntarily delist from The Nasdaq Global Market at the close of markets on June 2, 2025 and to begin trading on the OTCQB® Venture Market of the OTC Markets on June 3, 2025. The Company is pleased to announce that the Company has been accepted for listing on the OTCQB® Venture Market of the OTC Markets (the “OTC Markets”) and that the Company’s Cla...
ContextLogic Inc. Reports First-Quarter 2025 Financial Results
ContextLogic Inc. Reports First-Quarter 2025 Financial Results OAKLAND, Calif., May 09, 2025 (GLOBE NEWSWIRE) -- ContextLogic Inc. (Nasdaq: LOGC) (“ContextLogic,” the “Company,” “we” or “our”) today reported its financial results for the quarter ended March 31, 2025. First-Quarter 2025 Financial Highlights Net Loss: Net loss was $4 million, compared to a net loss of $59 million in the first quarter of fiscal year 2024.As of March 31, 2025, the Company had $64 million in cash and cash equivalents, $158 million in marketable securities and $1 million in prepaid expenses and other ...
ContextLogic to Announce First Quarter 2025 Results on May 9, 2025
ContextLogic to Announce First Quarter 2025 Results on May 9, 2025 Conference Call to be Webcast Live at 5 PM ET / 2 PM PT OAKLAND, Calif., May 06, 2025 (GLOBE NEWSWIRE) -- ContextLogic Inc. (Nasdaq: LOGC), (“ContextLogic” or the “Company”) today announced it will report its first quarter 2025 financial results after the close of market on Friday, May 9, 2025. ContextLogic’s CEO Rishi Bajaj and its Chairman Ted Goldthorpe will host a live conference call and webcast for shareholders, analysts and portfolio managers that afternoon at 5:00 PM ET / 2:00 PM PT. Information about the Compan...
ContextLogic Inc. Reports Fourth-Quarter and Fiscal Year 2024 Financia...
ContextLogic Inc. Reports Fourth-Quarter and Fiscal Year 2024 Financial Results OAKLAND, Calif., March 12, 2025 (GLOBE NEWSWIRE) -- ContextLogic Inc. (Nasdaq: LOGC) (“ContextLogic,” the “Company,” “we” or “our”) today reported its financial results for the quarter and fiscal year ended December 31, 2024. Company Update During 2024, management took several significant steps in the evolution of the Company’s business. These included, first, the sale of the Wish platform and its associated operations; second, streamlining the Company's operations; and most recently, on March 11...
ContextLogic to Announce Fourth Quarter and Full Year 2024 Results and...
ContextLogic to Announce Fourth Quarter and Full Year 2024 Results and Provide Strategic Update on March 12, 2025 OAKLAND, Calif., March 10, 2025 (GLOBE NEWSWIRE) -- ContextLogic Inc. (Nasdaq: LOGC), (“ContextLogic,” the “Company,” “we” or “our”) today announced it will report its fourth quarter and full year 2024 financial results after the close of market on Wednesday, March 12, 2025. ContextLogic’s CEO Rishi Bajaj and its Chairman Ted Goldthorpe will host a live conference call and webcast for shareholders, analysts and portfolio managers that afternoon at 5:00 PM ET / 2:00 PM PT. Mr. ...
ContextLogic Announces Up to $150 Million Strategic Investment by BC P...
ContextLogic Announces Up to $150 Million Strategic Investment by BC Partners Strategic investment and capital commitment positions the Company to execute on its stated acquisition-led value maximization strategy; ContextLogic to have up to $300 million of investible cash Ted Goldthorpe, Head of BC Partners Credit, expected to be named Chairman of the Board OAKLAND, Calif. and NEW YORK, Feb. 25, 2025 (GLOBE NEWSWIRE) -- ContextLogic Inc. (NASDAQ: LOGC), (“ContextLogic” or the “Company”) and BC Partners, an alternative investment manager with c.€40 billion in assets under management...
ContextLogic Inc. Reports Third-Quarter 2024 Financial Results
ContextLogic Inc. Reports Third-Quarter 2024 Financial Results OAKLAND, Calif., Nov. 07, 2024 (GLOBE NEWSWIRE) -- ContextLogic Inc. (Nasdaq: LOGC), (“ContextLogic,” the “Company,” “we” or “our”) today reported its financial results for the quarter and nine months ended September 30, 2024. Third Quarter 2024 Financial Highlights Net Loss: Net loss was $1 million, compared to a net loss of $80 million in the third quarter of 2023.As of September 30, 2024, the Company had $33 million in cash and cash equivalents, $117 million in marketable securities and $8 million in prepaid expenses and ...
ContextLogic Inc. Reports Second-Quarter Financial Results
ContextLogic Inc. Reports Second-Quarter Financial Results OAKLAND, Calif., Aug. 08, 2024 (GLOBE NEWSWIRE) -- ContextLogic Inc. (Nasdaq: LOGC), (“ContextLogic,” the “Company,” “we” or “our”) today reported its financial results for the quarter and six months ended June 30, 2024. Company Update On February 10, 2024, the Company entered into an asset purchase agreement (the “Asset Purchase Agreement”) with Qoo10 Inc., a Delaware corporation (“Qoo10 Delaware”), and, for certain specified purposes, Qoo10 Pte. Ltd., a Singapore private limited company and Qoo10 Delaware’s parent company (“Q...
ContextLogic Announces Ticker Symbol Will Change to LOGC on May 13, 20...
ContextLogic Announces Ticker Symbol Will Change to LOGC on May 13, 2024 OAKLAND, Calif., May 10, 2024 (GLOBE NEWSWIRE) -- ContextLogic Inc. (NASDAQ: WISH) today announced that its Class A common stock will begin trading on NASDAQ under the ticker symbol “LOGC” prior to market open on May 13, 2024. This will replace the company's current ticker symbol “WISH”, which has been used since its initial public offering in December 2020. The new ticker symbol comes following the company's sale of the Wish e-commerce platform to Qube Network Pte. Ltd., a subsidiary of Qoo10 Pte. Ltd., which was co...
ContextLogic Inc. Reports First-Quarter 2024 Financial Results
ContextLogic Inc. Reports First-Quarter 2024 Financial Results OAKLAND, Calif., May 08, 2024 (GLOBE NEWSWIRE) -- ContextLogic Inc. (Nasdaq: WISH) (“ContextLogic,” the “Company,” “we” or “our”) today reported its financial results for the quarter ended March 31, 2024. Introductory Note Prior to the April 19, 2024 closing of the Asset Sale described below, ContextLogic owned and operated the Wish platform, a mobile ecommerce platform. As a result of the Asset Sale, ContextLogic no longer owns the Wish platform or any of the related operating assets. Since the Asset Sale was not complet...
ContextLogic to Announce First Quarter 2024 Results on May 8, 2024
ContextLogic to Announce First Quarter 2024 Results on May 8, 2024 Conference Call to be Webcast Live at 5 PM ET / 2 PM PT SAN FRANCISCO, April 24, 2024 (GLOBE NEWSWIRE) -- ContextLogic Inc. (NASDAQ: WISH) today announced it will report its first quarter 2024 financial results after the close of market on Wednesday, May 8, 2024. ContextLogic’s management team will host a live conference call and webcast for shareholders, analysts and portfolio managers to discuss the company’s first quarter results that afternoon at 5:00 PM ET / 2:00 PM PT. Information about the company’s financial r...
ContextLogic Completes Sale of Substantially All Operating Assets and ...
ContextLogic Completes Sale of Substantially All Operating Assets and Liabilities Associated with Wish to Qoo10 Transaction Enables Company to Preserve ~$2.7 Billion of Net Operating Losses (NOLs) Rishi Bajaj Appointed Chief Executive Officer; Four New Independent Directors Join Board of Directors SAN FRANCISCO, April 19, 2024 (GLOBE NEWSWIRE) -- ContextLogic Inc. (NASDAQ: WISH) (“ContextLogic” or the “Company”), today announced that it has completed its previously announced transaction with Qoo10 Pte. Ltd. (“Qoo10”). As disclosed, ContextLogic entered into an agreement to sell substant...
ContextLogic Announces Stockholder Approval of Transaction with Qoo10
ContextLogic Announces Stockholder Approval of Transaction with Qoo10 Transaction Closing Expected to Occur Later Today, April 19, 2024 SAN FRANCISCO, April 19, 2024 (GLOBE NEWSWIRE) -- ContextLogic Inc. (d/b/a Wish) (NASDAQ: WISH) (“ContextLogic” or the “Company”) announced its stockholders have approved the Asset Sale transaction with Qoo10 Pte. Ltd. (“Qoo10”) at yesterday’s Special Meeting of Stockholders (the “Special Meeting”). The transaction is expected to close later today, April 19, 2024. Rishi Bajaj, who will become Chief Executive Officer and Chairman of the Board at the clo...
ContextLogic Urges Stockholders to Vote FOR the Value Maximizing Trans...
ContextLogic Urges Stockholders to Vote FOR the Value Maximizing Transaction with Qoo10 TODAY SAN FRANCISCO, April 17, 2024 (GLOBE NEWSWIRE) -- ContextLogic Inc. (d/b/a Wish) (NASDAQ: WISH) (“ContextLogic” or the “Company”) today reminds stockholders to vote “FOR” the proposed transaction with Qoo10 Pte. Ltd. (“Qoo10”) at the upcoming Special Meeting of Stockholders (the “Special Meeting”). The Special Meeting is scheduled to be held at 11:30 a.m. Pacific Time on April 18, 2024. Stockholders of record as of March 7, 2024, are entitled to vote. EVERY VOTE IS IMPORTANT; NO MATTER HOW MANY ...
CONTEXTLOGIC VOTE UPDATE: Less Than 350,000 Shares Needed to Approve t...
CONTEXTLOGIC VOTE UPDATE: Less Than 350,000 Shares Needed to Approve the Proposed Transaction with Qoo10 Issues Open Letter to Stockholders; Urges ALL Stockholders to Protect the Value of their Investment by Voting “FOR” the Transaction TODAY SAN FRANCISCO, April 15, 2024 (GLOBE NEWSWIRE) -- ContextLogic Inc. (d/b/a Wish) (NASDAQ: WISH) (“ContextLogic” or the “Company”) today mailed a letter to stockholders in connection with its upcoming Special Meeting of Stockholders (the “Special Meeting”) urging stockholders to vote “FOR” the proposed transaction with Qoo10 Pte. Ltd. (“Qoo10”). The...
ContextLogic Announces Adjournment of Special Meeting of Stockholders ...
ContextLogic Announces Adjournment of Special Meeting of Stockholders to Allow Additional Time for Stockholders to Vote “FOR” the Transaction with Qoo10 Approximately 97% of Shares Voted have been “FOR” the Transaction; Approximately 500,000 Additional Shares Needed to Vote “FOR” to Complete Transaction Urges ALL Stockholders to Protect the Value of their Investment by Voting “FOR” the Transaction TODAY SAN FRANCISCO, April 12, 2024 (GLOBE NEWSWIRE) -- ContextLogic Inc. (d/b/a Wish) (NASDAQ: WISH) (“ContextLogic” or the “Company”) today announced its Special Meeting of Stockhold...
ContextLogic Urges Stockholders to Vote FOR the Value Maximizing Trans...
ContextLogic Urges Stockholders to Vote FOR the Value Maximizing Transaction with Qoo10 TODAY Today is Last Day for ContextLogic Stockholders to Vote at Upcoming Special Meeting Critical that Stockholders Approve Transaction to Protect the Value of their Investment Not Voting is the Same as Voting Against the Transaction and Could Result in Severe Value Destruction SAN FRANCISCO, April 11, 2024 (GLOBE NEWSWIRE) -- ContextLogic Inc. (d/b/a Wish) (NASDAQ: WISH) (“ContextLogic” or the “Company”) today urged stockholders to vote immediately “FOR” the proposed Asset Sale transaction with Qo...
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