ContextLogic Reminds Stockholders to Vote FOR the Value-Maximizing Transaction with Qoo10 Today
SAN FRANCISCO, April 03, 2024 (GLOBE NEWSWIRE) -- ContextLogic Inc. (d/b/a Wish) (NASDAQ: WISH) (“ContextLogic” or the “Company”) today issued a reminder to stockholders to vote “FOR” the proposed Asset Sale transaction with Qoo10 Pte. Ltd. (“Qoo10”) in connection with the upcoming special meeting of stockholders (the “Special Meeting”) on April 12, 2024, at 10:00 a.m. Pacific Time.
- Special Meeting of Stockholders is Friday, April 12, 2024, at 10:00 A.M. Pacific Time
SAN FRANCISCO, April 03, 2024 (GLOBE NEWSWIRE) -- ContextLogic Inc. (d/b/a Wish) (NASDAQ: WISH) (“ContextLogic” or the “Company”) today issued a reminder to stockholders to vote “FOR” the proposed Asset Sale transaction with Qoo10 Pte. - Ltd. (“Qoo10”) in connection with the upcoming special meeting of stockholders (the “Special Meeting”) on April 12, 2024, at 10:00 a.m. Pacific Time.
- The ContextLogic Board of Directors reiterates its belief that the proposed transaction will reduce substantially all of the cash burn, monetize operating assets at the highest value available and preserve significant value for stockholders.
- To date, numerous independent parties have supported this value-maximizing transaction:
“This asset sale preserves cash for the benefit of all stockholders.