ContextLogic Inc.: Nasdaq/NYSE listing notice — ContextLogic (LOGC) notified by Nasdaq as 'public shell'; faces potential delisting, plans to request hearing.

ContextLogic Inc.

Nasdaq Staff determined ContextLogic is a 'public shell' under Listing Rule 5101, subject to delisting.
Company disagrees with conclusion and will timely request hearing before Nasdaq Hearings Panel.
Hearing request stays further action by Nasdaq pending hearing and formal decision.
Company plans to present efforts to maximize asset value and potential acquisitions.
No guarantee that Panel will grant continued listing of securities on Nasdaq.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

ContextLogic Inc. received a nasdaq delisting notice notice regarding other (rules 5101).

Exchange: nasdaq
Notice: delisting notice
Rules: 5101

Exact text from the filing

March 25, 2025, ContextLogic Inc. (the “Company”) was notified by the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) that the Staff believes the Company is a “public shell,” as that term is defined by Nasdaq under Nasdaq Listing Rule 5101, and therefore subject to delisting unless the Company timely requests a hearing before the Nasdaq Hearings Panel (the “Panel”). The Company disagrees with the Staff’s conclusion and plans to timely request a hearing before the Panel, which request will stay any further action by Nasdaq at least pending the hearing a

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Source: SEC EDGAR

accession 0000950170-25-046838

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