{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-25-036861","form_type":"8-K","ticker":null,"cik":"0001822250","company_name":"ContextLogic Inc.","filed_at":"2025-03-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:05.077719+00:00","generated_at":"2026-05-24T23:54:38.378418+00:00","sec_items":["1.01","5.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"ContextLogic closes $75M preferred-unit investment, appoints BC Partners directors","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-25-036861","json":"https://secwatch.observer/filing/0000950170-25-036861.json","markdown":"https://secwatch.observer/filing/0000950170-25-036861.md","text":"https://secwatch.observer/filing/0000950170-25-036861.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1822250/000095017025036861/0000950170-25-036861-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1822250/000095017025036861/logc-20250306.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T23:54:38.378418+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":"a83e0d6f28","claim":"Ted Goldthorpe was appointed as Chairman of the Board at ContextLogic Inc..","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1822250/000095017025036861/0000950170-25-036861-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chairman of the Board"}],"fact_type":"executive_change"},{"claim_id":"b605df1ac5","claim":"Mark Ward was appointed as Director at ContextLogic Inc..","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1822250/000095017025036861/0000950170-25-036861-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}