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0 0 0 -0.00801639344262305 0 -0.00819672131147538 -0.0147540983606557 0.000819672131147523
Stock impact report

ContextLogic Files Definitive Proxy Statement Regarding Proposed Transaction with Qoo10 [Yahoo! Finance]

ContextLogic Inc. - Class A (WISH) 
NASDAQ:AMEX Investor Relations: wrightinvestorsservice.com/investor-relations
Company Research Source: Yahoo! Finance
Stockholders to Receive Proxy Materials in Coming Days to Vote and Approve Transaction Special Meeting to be Held on April 12, 2024 SAN FRANCISCO, March 18, 2024 (GLOBE NEWSWIRE) -- ContextLogic Inc. (d/b/a Wish) (NASDAQ: WISH) (“ContextLogic” or the “Company”) today announced that a special meeting of its stockholders has been called to consider and vote on its proposed transaction with Qoo10 Pte. Ltd. (“Qoo10”), among other related proposals (the “Special Meeting”). As previously announced on February 12, 2024, a Qoo10 wholly owned subsidiary (the “Buyer”) will acquire substantially all of the Company's operating assets and liabilities, principally comprising its Wish ecommerce platform (the “Asset Sale”), for approximately $173 million in cash, subject to certain purchase price adjustments. Taking into account the Company's current estimates of the impact of those purchase price adjustments, the Company estimates that ContextLogic's cash on hand (including the net proceeds fro Show less Read more
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