ContextLogic Announces Stockholder Approval of Transaction with Qoo10
ContextLogic Inc. - Class A (WISH)
NASDAQ:AMEX Investor Relations:
wrightinvestorsservice.com/investor-relations
Company Research
Source: GlobeNewswire
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 closing of the Asset Sale, stated: “On behalf of the Board of Directors, we would like to thank our stockholders for their support of the Asset Sale. Having achieved this important milestone, we look forward to closing the transaction later today and using the proceeds and our other post-closing cash to maximize the value of the Company’s NOLs for the benefit of our stockholders.” Approval of the Asset Sale required the approval of the holders of at least a majority of the Company’s outstanding common shares. According to the preliminar
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News
- ContextLogic to Announce First Quarter 2024 Results on May 8, 2024 [Yahoo! Finance]Yahoo! Finance
- ContextLogic to Announce First Quarter 2024 Results on May 8, 2024GlobeNewswire
- ContextLogic Completes Sale of Substantially All Operating Assets and Liabilities Associated with Wish to Qoo10 [Yahoo! Finance]Yahoo! Finance
- ContextLogic Completes Sale of Substantially All Operating Assets and Liabilities Associated with Wish to Qoo10GlobeNewswire
- ContextLogic announces stockholder approval of transaction with Qoo10 [Seeking Alpha]Seeking Alpha
WISH
Earnings
- 8/3/23 - Beat
WISH
Sec Filings
- 4/29/24 - Form 10-K/A
- 4/29/24 - Form 3
- 4/29/24 - Form PRE
- WISH's page on the SEC website