ContextLogic Holdings Completes Corporate Reorganization
ContextLogic Holdings (OTCQB: LOGC) has completed its corporate reorganization, making ContextLogic Inc. a wholly-owned subsidiary. The reorganization, approved by stockholders on July 24, 2025, aims to protect approximately $2.7 billion in Net Operating Losses (NOLs) while maintaining strategic flexibility for future growth.
Under the reorganization terms, each share of ContextLogic Class A Common Stock was exchanged for one share of ContextLogic Holdings Common Stock on a 1-for-1 basis. The stock continues trading under the symbol "LOGC" with a new CUSIP number (21078F109). The company maintains its 3 billion authorized shares at $0.0001 par value, with no changes to leadership structure, financial condition, assets, or liabilities.
ContextLogic Holdings (OTCQB: LOGC) ha completato la sua riorganizzazione societaria, rendendo ContextLogic Inc. una controllata interamente posseduta. La riorganizzazione, approvata dagli azionisti il 24 luglio 2025, ha l'obiettivo di tutelare circa 2,7 miliardi di dollari in perdite operative nette (NOL) mantenendo al contempo la flessibilit脿 strategica per la crescita futura.
Secondo i termini della riorganizzazione, ogni azione di Classe A di ContextLogic 猫 stata scambiata con un'azione ordinaria di ContextLogic Holdings con un rapporto 1:1. Le azioni continuano a essere quotate con il simbolo "LOGC" e un nuovo numero CUSIP (21078F109). La societ脿 mantiene 3 miliardi di azioni autorizzate con valore nominale di 0,0001 dollari, senza modifiche nella struttura di leadership, nella situazione finanziaria, negli asset o nelle passivit脿.
ContextLogic Holdings (OTCQB: LOGC) ha completado su reorganizaci贸n corporativa, convirtiendo a ContextLogic Inc. en una subsidiaria de propiedad total. La reorganizaci贸n, aprobada por los accionistas el 24 de julio de 2025, tiene como objetivo proteger aproximadamente 2.7 mil millones de d贸lares en P茅rdidas Operativas Netas (NOLs) mientras se mantiene la flexibilidad estrat茅gica para el crecimiento futuro.
Bajo los t茅rminos de la reorganizaci贸n, cada acci贸n de Clase A de ContextLogic se canje贸 por una acci贸n com煤n de ContextLogic Holdings en una proporci贸n 1 a 1. Las acciones contin煤an cotizando bajo el s铆mbolo "LOGC" con un nuevo n煤mero CUSIP (21078F109). La compa帽铆a mantiene sus 3 mil millones de acciones autorizadas con un valor nominal de $0.0001, sin cambios en la estructura de liderazgo, condici贸n financiera, activos o pasivos.
ContextLogic Holdings (OTCQB: LOGC)臧� 旮办梾 鞛“歆侅潉 鞕勲頃橃棳 ContextLogic Inc.毳� 鞕勳爠 鞛愴殞靷 毵岆摛鞐堨姷雼堧嫟. 2025雲� 7鞗� 24鞚� 欤检＜霌れ潣 鞀轨澑鞚� 氚涭潃 鞚措矆 鞛“歆侅潃 鞎� 27鞏� 雼煬鞚� 靾滌榿鞐呾啇鞁�(NOL)鞚� 氤错樃頃橁碃 氙鸽灅 靹膘灔鞚� 鞙勴暅 鞝勲灥鞝� 鞙犾棸靹膘潉 鞙犾頃橂姅 瓴冹潉 氇╉憸搿� 頃╇媹雼�.
鞛“歆� 臁瓣贝鞐� 霐半澕 ContextLogic 韥措灅鞀� A 氤错喌欤� 1欤茧姅 ContextLogic Holdings 氤错喌欤� 1欤茧 1雽� 1 甑愴櫂霅橃棃鞀惦媹雼�. 欤检嫕鞚� "LOGC"霛茧姅 鞁臣搿� 瓿勳啀 瓯半灅霅橂┌, 靸堧鞖� CUSIP 氩堩樃(21078F109)臧� 攵�鞐悩鞐堨姷雼堧嫟. 須岇偓電� 鞎‰┐臧� 0.0001雼煬鞚� 30鞏� 欤� 鞀轨澑 欤检嫕鞚� 鞙犾頃橂┌, 瓴届榿歆� 甑“, 鞛 靸來儨, 鞛愳偘 霕愲姅 攵�毂勳棎電� 氤�頇旉皜 鞐嗢姷雼堧嫟.
ContextLogic Holdings (OTCQB : LOGC) a finalis茅 sa r茅organisation d'entreprise, faisant de ContextLogic Inc. une filiale d茅tenue 脿 100 %. La r茅organisation, approuv茅e par les actionnaires le 24 juillet 2025, vise 脿 prot茅ger environ 2,7 milliards de dollars de pertes d'exploitation nettes (NOL) tout en maintenant une flexibilit茅 strat茅gique pour la croissance future.
Selon les termes de la r茅organisation, chaque action ordinaire de classe A de ContextLogic a 茅t茅 茅chang茅e contre une action ordinaire de ContextLogic Holdings 脿 raison de un pour un. L鈥檃ction continue de se n茅gocier sous le symbole "LOGC" avec un nouveau num茅ro CUSIP (21078F109). La soci茅t茅 conserve ses 3 milliards d鈥檃ctions autoris茅es 脿 une valeur nominale de 0,0001 $, sans changement dans la structure de direction, la situation financi猫re, les actifs ou les passifs.
ContextLogic Holdings (OTCQB: LOGC) hat seine Unternehmensreorganisation abgeschlossen und ContextLogic Inc. zu einer hundertprozentigen Tochtergesellschaft gemacht. Die Reorganisation, die von den Aktion盲ren am 24. Juli 2025 genehmigt wurde, zielt darauf ab, etwa 2,7 Milliarden US-Dollar an Netto-Betriebsverlusten (NOLs) zu sch眉tzen und gleichzeitig strategische Flexibilit盲t f眉r zuk眉nftiges Wachstum zu erhalten.
Gem盲脽 den Bedingungen der Reorganisation wurde jede Aktie der ContextLogic Class A-Stammaktien im Verh盲ltnis 1:1 gegen eine Aktie der ContextLogic Holdings-Stammaktien getauscht. Die Aktie wird weiterhin unter dem Symbol "LOGC" mit einer neuen CUSIP-Nummer (21078F109) gehandelt. Das Unternehmen beh盲lt 3 Milliarden genehmigte Aktien mit einem Nennwert von 0,0001 US-Dollar bei, ohne 脛nderungen in der F眉hrungsstruktur, der finanziellen Lage, den Verm枚genswerten oder Verbindlichkeiten.
- Protection of significant $2.7 billion in Net Operating Losses (NOLs)
- Maintains strategic flexibility for organic growth and acquisitions
- No dilution to shareholders with 1-for-1 stock exchange ratio
- Continuity in leadership and operations preserved
- Trading remains on OTCQB Market rather than major exchange
- Additional corporate structure complexity with new holding company
Insights
ContextLogic's reorganization preserves $2.7B in NOLs, creating significant tax-shield value for future acquisitions or profitability.
ContextLogic Holdings has completed a strategic corporate reorganization specifically designed to protect approximately
NOLs are extremely valuable tax assets that allow companies to offset future taxable income, essentially serving as a tax shield that can dramatically reduce or eliminate tax liabilities when a company becomes profitable. With
The restructuring involved ContextLogic Inc. becoming a wholly-owned subsidiary of the newly formed ContextLogic Holdings, with shares exchanged on a 1-for-1 basis. This type of reorganization is typically implemented to prevent an "ownership change" under Section 382 of the Internal Revenue Code, which would otherwise severely restrict the company's ability to utilize these NOLs.
The company also terminated its Tax Benefits Preservation Plan (commonly known as a "poison pill" for NOLs), suggesting confidence in the new structure's ability to protect these tax assets. This reorganization provides dual benefits: it preserves valuable tax assets while simultaneously creating greater flexibility for potential acquisitions鈥攍ikely indicating the company is positioning itself for strategic M&A activity while ensuring any future profits can be sheltered from taxation.
Reorganization Enables Company to Protect ~
OAKLAND, Calif., Aug. 07, 2025 (GLOBE NEWSWIRE) -- ContextLogic Holdings Inc. (OTCQB: LOGC), a Delaware corporation (鈥淐ontextLogic Holdings,鈥� the 鈥淐ompany,鈥� 鈥渨e鈥� or 鈥渙ur鈥�) today announced the completion of its plan of reorganization in connection with the Second Amended and Restated Agreement and Plan of Reorganization (the 鈥淪econd A&R Reorganization Agreement鈥�) by and among the Company, ContextLogic Inc., a Delaware corporation (鈥淐ontextLogic鈥�), and Easter Merger Sub, Inc., a Delaware corporation (鈥淢erger Sub鈥�), pursuant to which ContextLogic became a wholly owned subsidiary of ContextLogic Holdings.
The reorganization was approved by ContextLogic stockholders at the Annual Meeting held on July 24, 2025, and has now been effectuated following the satisfaction of all closing conditions. The reorganization was designed to help protect the long-term value of the Company鈥檚 substantial net operating losses (鈥淣OLs鈥�) while providing strategic and operational flexibility as the Company seeks to grow organically and through acquisitions.
The ContextLogic Board of Directors effectuated an automatic redemption of all outstanding rights pursuant to the Tax Benefits Preservation Plan, dated as of February 10, 2024, by and between ContextLogic and Equiniti Trust Company, LLC (鈥淓quiniti鈥�) as rights agent (the 鈥淭ax Benefits Preservation Plan鈥�). These rights were settled by ContextLogic in cash pursuant to and in accordance with the terms and conditions of the Tax Benefits Preservation Plan, with the plan subsequently terminated as a closing condition of the reorganization.
Pursuant to the reorganization, each outstanding share of ContextLogic Class A Common Stock (鈥淐ommon Stock鈥�) was exchanged for one share of ContextLogic Holdings Common Stock on a 1-for-1 basis, with Equiniti acting as the exchange agent. The Common Stock will begin trading on an exchanged basis on the OTCQB Market when the market opens on August 7, 2025, under its current trading symbol 鈥淟OGC鈥�. The CUSIP number for the Common Stock following the exchange will be 21078F109. The stock exchange does not reduce the number of authorized shares of the Company鈥檚 Common Stock, which will remain at 3,000,000,000, nor change the par value of the Common Stock, which will remain at
The reorganization does not affect the Company鈥檚 leadership structure. ContextLogic Holdings鈥� Board of Directors and executive management team remain the same as those of ContextLogic Inc. immediately prior to the reorganization. The Company鈥檚 consolidated financial condition, assets, and liabilities remain unchanged as a result of the reorganization.
About ContextLogic Holdings Inc听
ContextLogic Holdings Inc. is a听publicly traded company currently seeking to develop and grow a de novo business and finance potential future bolt-on acquisitions of assets or businesses that are complementary to its operations. For more information on ContextLogic Holdings, please visit ir.contextlogic.com.听
Investor contact
Lucy Simon, ContextLogic
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact could be deemed forward-looking, including, but not limited to, statements regarding ContextLogic鈥檚 reorganization and the reorganization implementation timeline, outlook, priorities, strategic direction, and other quotes of management. In some cases, forward-looking statements can be identified by terms such as 鈥渁nticipates,鈥� 鈥渂elieves,鈥� 鈥渃ould,鈥� 鈥渆stimates,鈥� 鈥渆xpects,鈥� 鈥渇oresees,鈥� 鈥渇orecasts,鈥� 鈥済uidance,鈥� 鈥渋ntends鈥� 鈥済oals,鈥� 鈥渕ay,鈥� 鈥渕ight,鈥� 鈥渙utlook,鈥� 鈥減lans,鈥� 鈥減otential,鈥� 鈥減redicts,鈥� 鈥減rojects,鈥� 鈥渟eeks,鈥� 鈥渟hould,鈥� 鈥渢argets,鈥� 鈥渨ill,鈥� 鈥渨ould鈥� or similar expressions and the negatives of those terms.听These forward-looking statements are subject to risks, uncertainties, and assumptions. If the risks materialize or assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. Further information on risks that could affect ContextLogic鈥檚 results is included in its filings with the Securities and Exchange Commission (鈥淪EC鈥�), including the amended and restated Proxy Statement/Prospectus filed on June 18, 2025, the additional definitive proxy soliciting materials filed on July 3, 2025, the Annual Report on Form 10-K for the year ended December 31, 2024, as amended by Amendment No. 1 thereto, filed with the SEC on March 12, 2025 and April 17, 2025, respectively, the Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2025, filed with the SEC on May 9, 2025 and as further updated from time to time by ContextLogic鈥檚 subsequent filings with the SEC, which could cause actual results to vary from expectations. Any forward-looking statement made by ContextLogic in this news release speaks only as of the day on which ContextLogic makes it. ContextLogic assumes no obligation to, and does not currently intend to, update any such forward-looking statements after the date of this release.
FAQ
What is the purpose of ContextLogic Holdings' corporate reorganization in 2025?
How does the LOGC stock exchange work under the reorganization?
Will ContextLogic Holdings (LOGC) have a new trading symbol or stock exchange?
How does the reorganization affect ContextLogic's management and financial structure?
What happens to ContextLogic's authorized shares after the reorganization?
