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ContextLogic | 10-K/A: Annual report (Amendment)

SEC announcement ·  Apr 29 17:35
Summary by Moomoo AI
ContextLogic Inc., operating under the trading symbol WISH.US, filed an amended annual report for the fiscal year ended December 31, 2023. The amendment includes information required by Part III of the Annual Report on Form 10-K that was omitted from the original filing. Additionally, the amendment updates the exhibit list and includes new certifications by the principal executive officer and principal financial officer under Section 302 of the Sarbanes-Oxley Act of 2002. The report confirms that ContextLogic is not a well-known seasoned issuer and clarifies its compliance with SEC filing requirements. The company's market value, based on the closing price of Class A common stock as of June 30, 2023, was approximately $174 million. The report also outlines the composition of the Board...Show More
ContextLogic Inc., operating under the trading symbol WISH.US, filed an amended annual report for the fiscal year ended December 31, 2023. The amendment includes information required by Part III of the Annual Report on Form 10-K that was omitted from the original filing. Additionally, the amendment updates the exhibit list and includes new certifications by the principal executive officer and principal financial officer under Section 302 of the Sarbanes-Oxley Act of 2002. The report confirms that ContextLogic is not a well-known seasoned issuer and clarifies its compliance with SEC filing requirements. The company's market value, based on the closing price of Class A common stock as of June 30, 2023, was approximately $174 million. The report also outlines the composition of the Board of Directors and executive officers, with Rishi Bajaj serving as CEO and Board Chairperson since April 2024. The company's corporate governance policies include a prohibition on derivative securities and hedging transactions by directors, officers, and employees. ContextLogic's equity compensation plans are detailed, with 2,125,596 securities to be issued upon exercise of outstanding options, warrants, and rights. The company has entered into indemnification agreements with its directors and executive officers and has adopted a clawback policy for incentive-based compensation in the event of financial restatements. The report also includes a summary of director compensation and the independence of its directors.

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