Highest-materiality recent filing
ContextLogic Q1 2026 combined revenue flat at $32.4M; net income $17M on $41.9M tax benefit
Combined non-GAAP revenue $32.4M (flat YoY); shipped volumes down 7% to 102.4K tons due to winter storms and Watkins Glen disruptions.
ContextLogic completes acquisition of US Salt; US Salt FY2025 revenue $132M, net income $11.2M
Acquisition closed Feb 26, 2026; US Salt produces evaporated salt for food, pharma, water softening.
ContextLogic closes $907.5M US Salt acquisition; Q4 net loss $13M
Completed acquisition of US Salt for $907.5M on Feb 26, 2026, post-year-end.
ContextLogic closes $907.5M US Salt acquisition; funds via $215M term loan and $115M equity
Acquired US Salt for approx. $907.5M ($582.3M cash + $325.2M equity rollover) on Feb 26, 2026.
ContextLogic rights offering raises $115M; backstop purchasers take unsubscribed shares
Subscription period expired Feb 20, 2026; 802,946 rights exercised for 429,463 shares.
ContextLogic launches $115M fully backstopped rights offering at $8.00/share for US Salt acquisition
Launched $115M rights offering at $8.00/share for 14.375M shares (20.9% of post-transaction capital).
ContextLogic files supplemental financials for US Salt acquisition and $115M rights offering
Filed audited FY2024 and unaudited nine-month Sep 2025 financials for US Salt.
CFO Michael Scarola resigns to rejoin Altai Capital Management
Michael Scarola resigned as CFO on December 7, 2025.
ContextLogic (LOGC) agrees to acquire US Salt; signs backstop agreements and $240M debt facilities
Purchase Agreement for acquisition of US Salt's salt production business via multi-step reorganization and exchange.
ContextLogic to acquire US Salt for $907.5M; forms ownership platform with Abrams/BC
Enterprise value $907.5M; financed with $292M cash, $240M debt, $115M rights offering backstopped at $8/sh by Abrams/BC.
ContextLogic completes reorganization to protect ~$2.7B NOLs; stock begins OTCQB trading
Holdings succeeds ContextLogic as public company; shares exchanged 1-for-1 effective Aug 6, 2025.
ContextLogic Q2 net loss narrows to $5M; holds $219M cash; completes reorganization
Net loss of $5M vs $13M YoY; cash, equivalents and marketable securities total $219M.
On June 1, 2026 the Company also announced the appointment of Scott Stewart, age 53, as Chief Financial Officer and Chief Operating Officer, effective June 1, 2026 (the “Effective Date”).
On May 29, 2026, Chad Chevalier, Interim Chief Financial Officer of ContextLogic Holdings Inc. (the “Company”), provided notice of his intention to resign from the Company, effective June 1, 2026.
Max materiality 0.95 · Median 0.70 · Most common event m_and_a