---
schema_version: "secwatch.filing_event.v1"
accession: "0000902664-26-001243"
form_type: "8-K"
ticker: "LOGC"
cik: "0002064307"
company_name: "ContextLogic Holdings Inc."
filed_at: "2026-02-23T23:59:59+00:00"
generated_at: "2026-05-16T01:17:57.604547+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000902664-26-001243
- form_type: 8-K
- ticker: LOGC
- cik: 0002064307
- company_name: ContextLogic Holdings Inc.
- filed_at: 2026-02-23T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2064307/000090266426001243/0000902664-26-001243-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2064307/000090266426001243/p26-0599form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000902664-26-001243
- JSON: https://secwatch.observer/filing/0000902664-26-001243.json
- Plain text: https://secwatch.observer/filing/0000902664-26-001243.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.