ContextLogic Advances US Salt Acquisition with Launch of Fully Backstopped $115 Million Rights Offering Priced at $8.00 per share
ContextLogic Inc. (LOGC)
Last contextlogic inc. earnings: 8/13 08:00 am
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Source: GlobeNewswire
OAKLAND, Calif., Jan. 22, 2026 (GLOBE NEWSWIRE) -- ContextLogic Holdings Inc. (OTCQB: LOGC) ("ContextLogic," the "Company," "we" or "our") today announced the launch of a fully backstopped $115 million rights offering to holders of its common stock, par value $0.0001 per share (“ContextLogic common stock”) at $8.00 per share (the “Rights Offering”) with the proceeds used to fund and complete its previously announced $907.5 million acquisition (the “Transaction”) of US Salt Parent Holdings, LLC and its subsidiaries (collectively, "US Salt"), marking a transformational step in the Company's evolution into a diversified business ownership platform. The Company is offering a maximum of 14,375,000 new shares, representing approximately 20.9% of its share capital following consummation of the Transaction and assuming the rights offering is fully subscribed. If fully subscribed, ContextLogic Holdings Inc. will own 67.8% of the units of ContextLogic Holdings, LLC, the ultimate parent of US
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News
- ContextLogic: Why We Exited But Continue To Follow Closely [Seeking Alpha]Seeking Alpha
- ContextLogic Makes Its Move [Seeking Alpha]Seeking Alpha
- ContextLogic to Acquire US Salt from Emerald Lake in $907.5 Million Transaction, Creating New Business Ownership Platform in Partnership with Abrams Capital and BC Partners CreditGlobeNewswire
LOGC
Sec Filings
- 1/23/26 - Form EFFECT
- 1/22/26 - Form 8-K
- 1/22/26 - Form 424B4
- LOGC's page on the SEC website