ContextLogic: Why We Exited But Continue To Follow Closely [Seeking Alpha]
ContextLogic Inc. (LOGC)
Last contextlogic inc. earnings: 8/13 08:00 am
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Source: Seeking Alpha
In December 2025, ContextLogic announced it was acquiring US Salt for $908mm. We had expected the company to acquire a lower quality business at say 10x EBIT, which would have resulted in the NOLs being used twice as quickly, thereby making them twice as valuable. Guido Mieth/DigitalVision via Getty Images The following segment was excerpted from the Plural Partners Fund Letter 2025 Q4 ContextLogic ( LOGC ) was a company with no operating business, $300mm in cash, $2.9bn in net operating losses (‘NOLs'), and an activist CEO looking to This article was written by Quick Insights The $2.9bn in NOLs will be utilized gradually, as US Salt's $50mm projected EBIT means tax assets are monetized at a slower pace than initially expected. LOGC is now positioned as Abrams Capital's permanent capital vehicle, aiming to become a serial acquirer of quality businesses with management incentives tied to stock performance. The position was exited because the thesis centered on rapid
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LOGC
News
- ContextLogic Advances US Salt Acquisition with Launch of Fully Backstopped $115 Million Rights Offering Priced at $8.00 per shareGlobeNewswire
- 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