---
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"
generated_at: "2026-06-06T04:25:39.834656+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# ContextLogic adopts tax benefits preservation plan (poison pill) to protect NOLs

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-24-012317
- form_type: 8-K
- cik: 0001822250
- company_name: ContextLogic Inc.
- filed_at: 2024-02-12T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 3.03, 5.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-012317
- JSON: https://secwatch.observer/filing/0001213900-24-012317.json
- Plain text: https://secwatch.observer/filing/0001213900-24-012317.txt

## Key facts
- Governance Changes
  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).
  - Change: charter amendment
  - Effective: 2024-02-12
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1822250/000121390024012317/0001213900-24-012317-index.htm

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