---
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"
generated_at: "2026-05-24T23:54:38.378418+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-25-036861
- form_type: 8-K
- cik: 0001822250
- company_name: ContextLogic Inc.
- filed_at: 2025-03-11T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-036861
- JSON: https://secwatch.observer/filing/0000950170-25-036861.json
- Plain text: https://secwatch.observer/filing/0000950170-25-036861.txt

## Key facts
- Executive change
  Ted Goldthorpe was appointed as Chairman of the Board at ContextLogic Inc..
  - Action: appointed
  - Role: Chairman of the Board
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1822250/000095017025036861/0000950170-25-036861-index.htm
- Executive change
  Mark Ward was appointed as Director at ContextLogic Inc..
  - Action: appointed
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1822250/000095017025036861/0000950170-25-036861-index.htm

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