ContextLogic urges stockholders to vote for Qoo10 transaction

ContextLogic issued a reminder to stockholders to vote “FOR” the proposed Asset Sale transaction with Qoo10 in connection with the upcoming special meeting of stockholders on April 12, 2024, at 10:00 a.m. Pacific Time. The ContextLogic Board of Directors reiterates its belief that the proposed transaction will reduce substantially all of the cash burn, monetize operating assets at the highest value available and preserve significant value for stockholders. To ensure your shares are represented at the Special Meeting on April 12, ContextLogic stockholders are encouraged to vote online or by telephone by following the easy instructions on the previously provided proxy card. Electronic voting deadline is 11:59 p.m. Eastern Time on Thursday, April 11, 2024. The Company expects to complete the transaction in the second quarter of 2024, subject to the approval of ContextLogic’s stockholders and other customary closing conditions.