ContextLogic Completes $907.5 Million Acquisition of US Salt, Marking Transformation into Business Ownership Platform

Transaction Creates Leading Public Business Ownership Platform with Strong Cash Generation and Approximately $2.9 Billion in NOLsOAKLAND, Calif., Feb. 26, 2026 (GLOBE NEWSWIRE) -- ContextLogic Holdings Inc. (OTCQB: LOGC) (“ContextLogic,” the “Company,” “we” or “our”) today announced the successful completion of its acquisition of US Salt Parent Holdings, LLC and its subsidiaries (collectively, “US Salt”) from private equity funds managed by Emerald Lake Capital Management (“Emerald Lake”) in a transaction t ...