secwatch.observer — SEC 8-K summary
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Issuer:     ContextLogic Inc. (—)
CIK:        0001822250
Form:       8-K
Filed at:   2023-04-12T23:59:59+00:00
Accession:  0000950170-23-012559
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ContextLogic (WISH) implements 1-for-30 reverse stock split effective April 11, 2023
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- Stockholders approved reverse split at ratio between 1:20 and 1:30; Board selected 1:30.
- Effective 4:01 pm ET April 11, 2023; trading on Nasdaq begins on split-adjusted basis April 12.
- Outstanding shares reduced from ~695M to ~23.17M; authorized shares remain 3B.
- No fractional shares issued; holders receive whole share rounding up.
- New CUSIP number: 21077C305.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1822250/000095017023012559/0000950170-23-012559-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1822250/000095017023012559/wish-20230411.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-012559

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer