ContextLogic closes $75M preferred-unit investment, appoints BC Partners directors

ContextLogic Inc.

BCP Special Opportunities Fund III invests up to $150M; initial close of 75,000 Preferred Units for $75M.
Preferred units earn 4% annual return pre-acquisition, 8% post-acquisition, convertible to Class B common units.
Company contributed $141.7M to subsidiary Holdings; CEO Rishi Bajaj awarded 2.37M Class P units under new employment agreement.
Ted Goldthorpe (BC Partners) and Mark Ward appointed to Board; Goldthorpe named Chairman.
Transaction supports future acquisition; if none by 2-year anniversary, Investor can require redemption at par.

item 1.01 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Ted Goldthorpe

Chairman of the Board

ContextLogic Inc.

Effective: 2025-03-06
Filed: March 11, 2025, 7:59 PM ET

On March 6, 2025, the Board appointed Ted Goldthorpe and Mark Ward as directors of the Board (collectively, the “New Directors”), with Mr. Goldthorpe serving as Chairman.

Appointed

Mark Ward

Director

ContextLogic Inc.

Effective: 2025-03-06
Filed: March 11, 2025, 7:59 PM ET

On March 6, 2025, the Board appointed Ted Goldthorpe and Mark Ward as directors of the Board (collectively, the “New Directors”), with Mr. Goldthorpe serving as Chairman.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Ted Goldthorpe was appointed as Chairman of the Board at ContextLogic Inc..

Action: appointed
Role: Chairman of the Board

Exact text from the filing

On March 6, 2025, the Board appointed Ted Goldthorpe and Mark Ward as directors of the Board (collectively, the “New Directors”), with Mr. Goldthorpe serving as Chairman.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Mark Ward was appointed as Director at ContextLogic Inc..

Action: appointed
Role: Director

Exact text from the filing

On March 6, 2025, the Board appointed Ted Goldthorpe and Mark Ward as directors of the Board (collectively, the “New Directors”), with Mr. Goldthorpe serving as Chairman.

View on SEC.gov

Source: SEC EDGAR

accession 0000950170-25-036861

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