ContextLogic amends reorganization agreement to cap transfer restrictions at 3 years, addressing ISS concerns

ContextLogic Inc.

Amended reorganization caps stock ownership restriction to expire no later than third anniversary of reorganization.
Amendment responds to ISS recommendation to vote against reorganization based on indefinite restrictions.
Stockholders will vote on reorganization proposal at Annual Meeting on July 10, 2025.
Board states vote 'FOR' constitutes approval of new expiration date definition; will not amend without stockholder approval.

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