ContextLogic rights offering raises $115M; backstop purchasers take unsubscribed shares

ContextLogic Holdings Inc.

Subscription period expired Feb 20, 2026; 802,946 rights exercised for 429,463 shares.
BCP to buy 11.16M convertible preferred units at $8.00 for $89.25M via backstop agreement.
ACP I and ACP II to buy 190,496 and 2.60M common shares at $8.00 for $1.52M and $20.79M.
Total expected proceeds from rights offering and backstop agreements: $115M.
Preliminary results subject to finalization; final report expected Feb 26, 2026.

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