Core Viewpoint - ContextLogic Inc. is urging stockholders to vote "FOR" the proposed reorganization plan at the upcoming Annual Meeting scheduled for July 24, 2025, emphasizing the importance of this vote to protect the value of their investments and the company's net operating losses (NOLs) [1][2][3]. Group 1: Reorganization Proposal - The Reorganization is deemed the best path forward to preserve and maximize value for stockholders, particularly in maintaining the long-term value of the company's NOLs, which can help reduce future income tax liabilities [3]. - Approximately 99% of the shares voted have been in favor of the Reorganization, indicating strong support among stockholders [3]. Group 2: Voting Process - Stockholders can vote by phone, email, or online, with the new electronic voting deadline set for 11:59 p.m. Eastern Time on July 23, 2025 [4]. - The company emphasizes that failing to vote will have the same effect as voting "against" the Reorganization, thus urging all stockholders to participate [2][3]. Group 3: Company Overview - ContextLogic Inc. is a publicly traded company focused on developing a new business model and financing potential future acquisitions that complement its operations [5].
ContextLogic Urges ALL Stockholders to Protect the Value of their Investment by Voting “FOR” the Reorganization TODAY