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Stock impact report

ContextLogic Encourages Stockholders to Vote at the Upcoming Special Meeting

ContextLogic Inc. - Class A (WISH) 
NASDAQ:AMEX Investor Relations: wrightinvestorsservice.com/investor-relations
Company Research Source: GlobeNewswire
Stockholders Urged to Vote FOR the Value-Maximizing Transaction with Qoo10 Electronic Voting Deadline is 11:59 P.M. Eastern Time on Thursday, April 11, 2024 SAN FRANCISCO, April 09, 2024 (GLOBE NEWSWIRE) -- ContextLogic Inc. (d/b/a?Wish) (NASDAQ: WISH) (“ContextLogic” or the “Company”) today reminded stockholders to vote at the upcoming special meeting of stockholders (the “Special Meeting”) on Friday, April 12, 2024, at 10:00 a.m. Pacific Time. The ContextLogic Board of Directors (the “Board”) recommends that stockholders vote “FOR” the proposed Asset Sale transaction with Qoo10 Pte. Ltd. (“Qoo10”). Upon closing of the transaction, ContextLogic will continue as a publicly traded company with ~$2.7 billion of net operating loss (“NOL”) carryforwards. If the Company’s stockholders approve the transaction at the Special Meeting on Friday, then the Asset Sale would be scheduled to close on April 16th. In that case, the Company estimates that its post-closing cash (cash on hand and Show less Read more
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