ContextLogic Holdings Inc. Completes Corporate Reorganization and Begins Trading on OTCQB
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ContextLogic Holdings Inc. has completed a corporate reorganization, becoming publicly traded on the OTCQB under the symbol "LOGC." The reorganization involved a merger with Easter Merger Sub and conversion into a Delaware LLC, now operating as ContextLogic LLC. This move aims to preserve long-term tax benefits through ownership transfer restrictions. The Tax Benefits Preservation Plan has been terminated, with all rights settled in cash. The board of directors remains unchanged post-reorganization.
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