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OAKLAND, Calif., Aug. 07, 2025 (GLOBE NEWSWIRE) -- ContextLogic Holdings Inc. (OTCQB: LOGC) (“ContextLogic,” the “Company,” “we” or “our”) today reported its financial results for the quarter and six months ended June 30, 2025.
Reorganization Enables Company to Protect ~$2.7 Billion of Net Operating Losses (NOLs) Reorganization Enables Company to Protect ~$2.7 Billion of Net Operating Losses (NOLs)
LOGC is now a cash-rich shell with $222M net cash and $2.7B in NOLs, backed by BC Partners for tax-advantaged acquisitions. The market undervalues LOGC, assigning little value to its NOLs, institutional partnership, or acquisition optionality, creating a special situation opportunity. BC Partners' involvement brings credibility, capital, and deal expertise, making LOGC a legitimate NOL shell play, not a typical penny stock reverse merger.
OAKLAND, Calif., Aug. 04, 2025 (GLOBE NEWSWIRE) -- ContextLogic Inc. (OTCQB: LOGC), (“ContextLogic” or the “Company”) today announced it will report its second quarter 2025 financial results after the close of market on Thursday, August 7, 2025.
ContextLogic's troubled past created $2.9B in net operating losses, now a key investment thesis as the company pivots from e-commerce to tax asset monetization. Current cash per share is $6.7, with likely $5.9 per share in potential tax asset value, offering significant upside if realized. The new partnership with BC Partners brings $150M in committed capital and experienced M&A support, greatly increasing acquisition and value-unlock probability.
Approximately 99% of Shares Voted have been “FOR” the Reorganization Proposal Approximately 99% of Shares Voted have been “FOR” the Reorganization Proposal
Approximately 99% of Shares Voted have been “FOR” the Reorganization Proposal Additional Shares Needed to Vote “FOR” to Approve the Reorganization Urges ALL Stockholders to Protect the Value of their Investment by Voting “FOR” the Reorganization Proposal TODAY OAKLAND, Calif., July 10, 2025 (GLOBE NEWSWIRE) -- ContextLogic Inc. (OTCQB: LOGC) (“ContextLogic,” the “Company,” “we” or “our”) today announced its Annual Meeting of Stockholders (the “Annual Meeting”) being held today will convene and then adjourn without conducting any business.
OAKLAND, Calif., June 25, 2025 (GLOBE NEWSWIRE) -- ContextLogic Inc. (OTC: LOGC) (“ContextLogic,” the “Company,” “we” or “our”) today announced the appointment of Michael Scarola as Chief Financial Officer, effective June 30, 2025.
OAKLAND, Calif., May 30, 2025 (GLOBE NEWSWIRE) -- ContextLogic Inc. (Nasdaq: LOGC) (“ContextLogic,” the “Company,” “we” or “our”) today announced its intention to voluntarily delist from The Nasdaq Global Market at the close of markets on June 2, 2025 and to begin trading on the OTCQB® Venture Market of the OTC Markets on June 3, 2025.
OAKLAND, Calif., May 09, 2025 (GLOBE NEWSWIRE) -- ContextLogic Inc. (Nasdaq: LOGC) (“ContextLogic,” the “Company,” “we” or “our”) today reported its financial results for the quarter ended March 31, 2025.