WISH - ContextLogic Urges Stockholders to Vote FOR the Value Maximizing Transaction with Qoo10 TODAY | Benzinga
SAN FRANCISCO, April 17, 2024 (GLOBE NEWSWIRE) -- ContextLogic Inc. (d/b/a Wish) (NASDAQ:WISH) ("ContextLogic" or the "Company") today reminds stockholders to vote "FOR" the proposed transaction with Qoo10 Pte. Ltd. ("Qoo10") at the upcoming Special Meeting of Stockholders (the "Special Meeting"). The Special Meeting is scheduled to be held at 11:30 a.m. Pacific Time on April 18, 2024. Stockholders of record as of March 7, 2024, are entitled to vote.
EVERY VOTE IS IMPORTANT; NO MATTER HOW MANY SHARES YOU OWN
Regardless of the number of shares you own, your vote on the proposal to approve the Asset Sale is crucial to protect your investment. The Qoo10 transaction represents the best path forward to preserve and maximize value for ContextLogic stockholders. If the transaction is approved, ContextLogic will continue as a publicly traded company with ~$2.7 billion net operating loss ("NOL") carryforwards. The new Board will look to use the proceeds from the transaction to maximize the value of its NOLs.
VOTING IS EASY - WE CAN TAKE YOUR VOTE BY PHONE, EMAIL OR ONLINE RIGHT NOW
Call: +1 (800) 322-2885
Email: proxy@mackenziepartners.com
Visit: https://central.proxyvote.com/pv/web
Every vote counts and we urge you to protect the value of your investment and vote "FOR" the Asset Sale TODAY. To ensure your shares are represented at the Special Meeting, ContextLogic stockholders are urged to vote by phone, email or online. Easy to follow instructions on how to vote are included on the previously provided proxy card. The new electronic voting deadline is 11:59 p.m. Eastern Time TONIGHT.
In connection with the consummation of the Asset Sale, ContextLogic expects to begin trading under a new Nasdaq ticker symbol, "LOGC".
About Wish
Wish brings an affordable and entertaining shopping experience to millions of consumers around the world. Since our founding in San Francisco in ...