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ContextLogic ( (LOGC) ) just unveiled an announcement.
On March 6, 2025, ContextLogic Inc. amended and restated its investment agreement with ContextLogic Holdings, LLC, and BCP Special Opportunities Fund III Originations LP, allowing for the issuance and sale of up to 150,000 Class A convertible preferred units for $150 million. The initial closing saw 75,000 units sold for $75 million, with proceeds intended for future acquisitions. Ted Goldthorpe and Mark Ward were appointed as directors, and Rishi Bajaj was confirmed as CEO with a new employment agreement.
More about ContextLogic
YTD Price Performance: -1.30%
Average Trading Volume: 272,209
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $179.8M
Learn more about LOGC stock on TipRanks’ Stock Analysis page.