{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-24-012317","form_type":"8-K","ticker":null,"cik":"0001822250","company_name":"ContextLogic Inc.","filed_at":"2024-02-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.739111+00:00","generated_at":"2026-06-06T04:25:39.834656+00:00","sec_items":["1.01","3.03","5.03","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"ContextLogic adopts tax benefits preservation plan (poison pill) to protect NOLs","bullets":["Board declared dividend of one Right per share of common stock; exercise price $20.00 per Right.","Rights become exercisable if any person or group acquires 4.9%+ of common stock (Acquiring Person).","Upon flip-in, each Right (except those of Acquiring Person) allows purchase of $40 of common stock for $20.","Plan effective until Feb 10, 2027; redeemable at $0.001 per Right before any person becomes Acquiring Person.","Certificate of Designation for 3M shares of Series A Junior Participating Preferred Stock filed in Delaware."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-24-012317","json":"https://secwatch.observer/filing/0001213900-24-012317.json","markdown":"https://secwatch.observer/filing/0001213900-24-012317.md","text":"https://secwatch.observer/filing/0001213900-24-012317.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1822250/000121390024012317/0001213900-24-012317-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1822250/000121390024012317/ea193405-8k_contextlogic.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T04:25:39.834656+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":"f0c763865e83085a91fbc402933332c222bab2b1","claim":"ContextLogic Inc.: Filed a Certificate of Designation for Series A Junior Participating Preferred Stock in connection with a tax benefits preservation plan (effective 2024-02-12).","evidence_excerpt":"the Board approved a Certificate of Designation of Series A Junior Participating Preferred Stock, which designates the rights, preferences and privileges of 3,000,000 shares of a series of the Company’s preferred stock, par value $0.0001 per share, designated as Series A Junior Participating Preferred Stock.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1822250/000121390024012317/0001213900-24-012317-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2024-02-12"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}