ContextLogic Launches Rights Offering for Common Stock at $8 Per Share
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ContextLogic Holdings Inc. has launched a Rights Offering, enabling shareholders to buy additional common stock at $8.00 per share. The rights are attached to existing shares and are non-tradable. Once exercised, they are irrevocable and shares become non-transferable until the offering concludes. A 4.9% ownership threshold is set to protect net operating loss carryforwards, with excess subscriptions potentially reduced or rejected. The offering is expected to close by February 26, 2026.
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