PRESS RELEASE
ContextLogic Announces Agreement to Sell Substantially All Operating Assets and Liabilities Associated with Wish to Qoo10 for $173 Million in Cash
Feb 12, 2024 at 8:00 AM EST
Purchase Price Represents Approximately $6.50 Per Share, a 44% Premium
ContextLogic to Remain as Publicly Listed Entity, Preserving ~$2.7 Billion of Net Operating Losses (NOLs)
Board Exploring Opportunity for Financial Sponsor to Help ContextLogic Inc. Monetize Value of NOLs
Board Concludes Comprehensive Review of Strategic Alternatives; Unanimously Approves Transaction
Board Also Adopts Tax …
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