Rescue WISH Believes That the Transaction Announced by WISH Is in the Best Interests of All Shareholders [Yahoo! Finance]
ContextLogic Inc. - Class A (WISH)
NASDAQ:AMEX Investor Relations:
wrightinvestorsservice.com/investor-relations
Company Research
Source: Yahoo! Finance
of ContextLogic, Inc. ("WISH"). ContextLogic, Inc. operates the e-commerce website wish.com and the company's common stock trades on the Nasdaq Stock Market under the ticker WISH. Rescue WISH noted in its initial press releases that WISH stock had fallen more than 99% since the time of its IPO and further noted that shareholders deserved the opportunity to vote for an entirely new Board at the next annual meeting of shareholders. Under pressure from Rescue WISH, the incumbent Board of Directors reluctantly agreed to add Mr. Rishi Bajaj as shareholder representative to the Board. Since Bajaj was added to the Board, there has been a notable change at WISH. Bajaj appears to have led a process that has maximized value for the benefit of all shareholders. Under pressure from Bajaj, the Board agreed to sell the assets of WISH. This asset sale preserves cash for the benefit of all shareholders. Importantly, this asset sale also preserves $2.7 billion in net operating losses ("NOLs").
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WISH
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
- 4/25/24 - Form 144
- 4/24/24 - Form 144
- 4/23/24 - Form 4
- WISH's page on the SEC website