ContextLogic urges stockholders to vote for Qoo10 transaction

ContextLogic mailed a letter to stockholders in connection with its upcoming Special Meeting of Stockholders urging stockholders to vote “FOR” the proposed transaction with Qoo10. The Special Meeting is scheduled to be held at 11:30 a.m. Pacific Time on April 18, 2024. Stockholders of record as of March 7, 2024, are entitled to vote. The letter read in part, “We have set a new date and time of Thursday, April 18, 2024, at 11:30 a.m. Pacific Time, to hold our Special Meeting of Stockholders to approve the proposed Asset Sale transaction with Qoo10 Pte. Ltd. AS OF APRIL 12TH, LESS THAN 350,000 SHARES WERE NEEDED TO VOTE “FOR” THE ASSET SALE IN ORDER FOR THE TRANSACTION TO BE APPROVED We are urging all ContextLogic stockholders, regardless of the amount of shares you own, to vote “FOR” the transaction TODAY. The holders of a majority of ContextLogic’s outstanding shares must vote in support of the transaction for it to be completed.”