{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-055714","form_type":"8-K","ticker":null,"cik":"0001822250","company_name":"ContextLogic Inc.","filed_at":"2024-05-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.392237+00:00","generated_at":"2026-06-02T12:40:32.914992+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":1.0,"calibrated_materiality_score":1.0,"confidence":"high","headline":"ContextLogic completes Wish asset sale to Qoo10; Q1 revenue down 63%","bullets":["Q1 revenue $36M (-63% YoY); net loss $59M (improved from -$89M YoY).","Net loss per share $2.43 vs $3.83 in Q1 2023.","Post-sale cash, equivalents and securities totaled ~$161M as of April 19, 2024.","Company no longer operates the Wish platform; will seek strategic opportunities including potential NOL utilization.","Asset sale to Qube Network Pte. Ltd. (Qoo10 affiliate) closed April 19, 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-055714","json":"https://secwatch.observer/filing/0000950170-24-055714.json","markdown":"https://secwatch.observer/filing/0000950170-24-055714.md","text":"https://secwatch.observer/filing/0000950170-24-055714.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1822250/000095017024055714/0000950170-24-055714-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1822250/000095017024055714/wish-20240508.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T12:40:32.914992+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3aa18218f24d5be3b01402c47dd334374c7d6778","claim":"ContextLogic Inc. reported the quarter ended March 31, 2024 results: revenue $36 million, net income $59 million, EPS $2.43.","evidence_excerpt":"First-Quarter 2024 Financial Highlights • Revenues : Revenues were $36 million, a decrease of 63% YoY o Core Marketplace revenues were $11 million, down 61% YoY o Product Boost revenues were $3 million, down 63% YoY o Logistics revenues were $22 million, down 63% YoY • Net Loss : Net Loss was $59 million, compared to a net loss of $89 million in the first quarter of fiscal 2023 o Net Loss per share was $2.43, compared to a loss of $3.83 per share in the first quarter of fiscal 2023","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1822250/000095017024055714/0000950170-24-055714-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2024"},{"label":"Revenue","value":"$36 million"},{"label":"Net income","value":"$59 million"},{"label":"EPS","value":"$2.43"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}