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ContextLogic | 8-K: ContextLogic Announces Stockholder Approval of Transaction with Qoo10

ContextLogic | 8-K: ContextLogic Announces Stockholder Approval of Transaction with Qoo10

ContextLogic | 8-K：ContextLogic宣布股东批准与Qoo10的交易
美股sec公告 ·  04/19 16:46
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On April 19, 2024, ContextLogic Inc., also known as Wish, announced that its stockholders approved the sale of its assets to Qoo10 Pte. Ltd. The approval was obtained during a Special Meeting of Stockholders held the previous day, with approximately 51.5% of outstanding shares voting in favor, and 97% of those votes supporting the transaction. The deal, which involves the sale of ContextLogic's Wish ecommerce platform and related operating assets and liabilities, is valued at approximately $173 million in cash. Post-transaction, ContextLogic's cash on hand is expected to be around $161 million. The company also anticipates changing its Nasdaq ticker symbol to 'LOGC' within 30 days following the asset sale completion. The final vote results will be disclosed in a Form 8-K filed with the U.S. Securities and Exchange Commission. J.P. Morgan Securities LLC served as the financial advisor, and Sidley Austin LLP as legal counsel for the transaction.
On April 19, 2024, ContextLogic Inc., also known as Wish, announced that its stockholders approved the sale of its assets to Qoo10 Pte. Ltd. The approval was obtained during a Special Meeting of Stockholders held the previous day, with approximately 51.5% of outstanding shares voting in favor, and 97% of those votes supporting the transaction. The deal, which involves the sale of ContextLogic's Wish ecommerce platform and related operating assets and liabilities, is valued at approximately $173 million in cash. Post-transaction, ContextLogic's cash on hand is expected to be around $161 million. The company also anticipates changing its Nasdaq ticker symbol to 'LOGC' within 30 days following the asset sale completion. The final vote results will be disclosed in a Form 8-K filed with the U.S. Securities and Exchange Commission. J.P. Morgan Securities LLC served as the financial advisor, and Sidley Austin LLP as legal counsel for the transaction.
2024年4月19日，ContextLogic Inc.（又名Wish）宣布，其股东批准将其资产出售给Qoo10 Pte。Ltd. 该批准是在前一天举行的股东特别会议上获得的，约有51.5％的已发行股票投了赞成票，其中97％的选票支持该交易。该交易涉及出售ContextLogic的Wish电子商务平台及相关的运营资产和负债，现金价值约为1.73亿美元。交易后，ContextLogic的手头现金预计约为1.61亿美元。该公司还预计将在资产出售完成后的30天内将其纳斯达克股票代码更改为 “LOGC”。最终投票结果将在向美国证券交易委员会提交的8-K表格中披露。摩根大通证券有限责任公司担任该交易的财务顾问，盛德奥斯汀律师事务所担任该交易的法律顾问。
2024年4月19日，ContextLogic Inc.（又名Wish）宣布，其股东批准将其资产出售给Qoo10 Pte。Ltd. 该批准是在前一天举行的股东特别会议上获得的，约有51.5％的已发行股票投了赞成票，其中97％的选票支持该交易。该交易涉及出售ContextLogic的Wish电子商务平台及相关的运营资产和负债，现金价值约为1.73亿美元。交易后，ContextLogic的手头现金预计约为1.61亿美元。该公司还预计将在资产出售完成后的30天内将其纳斯达克股票代码更改为 “LOGC”。最终投票结果将在向美国证券交易委员会提交的8-K表格中披露。摩根大通证券有限责任公司担任该交易的财务顾问，盛德奥斯汀律师事务所担任该交易的法律顾问。
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