ContextLogic Inc., operating under the stock code WISH.US, announced the upcoming 2024 Annual Meeting of Stockholders to be held virtually on June 18, 2024. The meeting will address the election of two Class II directors, Michael Farlekas and Marshall Heinberg, the ratification of PricewaterhouseCoopers LLP as the independent auditor for the fiscal year ending December 31, 2024, the advisory approval of executive officer compensation for the year ended December 31, 2023, and the advisory ratification of the Tax Benefits Preservation Plan. The company, which recently completed an Asset Sale, retaining significant net operating loss carryforwards (NOLs) and cash assets, has implemented the Tax Benefits Preservation Plan to protect the NOLs' value. The Board invites shareholders to attend the meeting via webcast, submit questions, and vote electronically...Show More

ContextLogic Inc., operating under the stock code WISH.US, announced the upcoming 2024 Annual Meeting of Stockholders to be held virtually on June 18, 2024. The meeting will address the election of two Class II directors, Michael Farlekas and Marshall Heinberg, the ratification of PricewaterhouseCoopers LLP as the independent auditor for the fiscal year ending December 31, 2024, the advisory approval of executive officer compensation for the year ended December 31, 2023, and the advisory ratification of the Tax Benefits Preservation Plan. The company, which recently completed an Asset Sale, retaining significant net operating loss carryforwards (NOLs) and cash assets, has implemented the Tax Benefits Preservation Plan to protect the NOLs' value. The Board invites shareholders to attend the meeting via webcast, submit questions, and vote electronically. The proxy materials, including the Proxy Statement, a proxy card, and the Annual Report for the fiscal year ended December 31, 2023, will be mailed to shareholders around April 29, 2024. The Board recommends voting for the proposed director nominees, the appointment of the independent auditor, the executive compensation, and the ratification of the Tax Benefits Preservation Plan.