{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-24-035052","form_type":"8-K","ticker":null,"cik":"0001822250","company_name":"ContextLogic Inc.","filed_at":"2024-04-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.391893+00:00","generated_at":"2026-06-03T12:14:39.762556+00:00","sec_items":["1.02","2.01","5.02","5.07","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"ContextLogic completes sale of Wish to Qoo10 for ~$161M; retains $2.7B NOLs, new CEO appointed","bullets":["Received ~$161M cash for substantially all operating assets and liabilities of Wish ecommerce platform.","Company retains ~$2.7B in net operating loss carryforwards; expects to trade under 'LOGC' within 30 days.","Rishi Bajaj appointed CEO and Chairman; four new independent directors join board; prior CEO Yan and others depart.","Stockholders approved the asset sale with ~51.5% of outstanding shares voting in favor (97% of votes cast).","Terminated $280M revolving credit facility with JPMorgan upon closing of the asset 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Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}