secwatch.observer — SEC 8-K summary
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Issuer:     ContextLogic Inc. (—)
CIK:        0001822250
Form:       8-K
Filed at:   2022-10-28T23:59:59+00:00
Accession:  0001193125-22-272638
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

ContextLogic (WISH) receives Nasdaq bid price deficiency notice; 180 days to comply
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- Received Nasdaq notice on Oct 28, 2022 for bid price below $1.00 for 30 consecutive business days.
- Has 180 calendar days, until April 26, 2023, to regain compliance by closing at $1.00+ for 10 consecutive business days.
- May qualify for additional 180-day period if transferred to Nasdaq Capital Market and meets requirements.
- Company considering options including reverse stock split; no assurance of regaining compliance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1822250/000119312522272638/0001193125-22-272638-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1822250/000119312522272638/d411702d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-272638

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