# EDGAR Filing Document

**Accession Number:** 0001822250
**File Stem:** 0000950170-25-104266
**Filing Date:** 2025-8
**Character Count:** 19674
**Document Hash:** b1601697eda8184c73ae7789537cf73e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950170-25-104266.hdr.sgml**: 20250807

**ACCESSION NUMBER**: 0000950170-25-104266

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 12

**CONFORMED PERIOD OF REPORT**: 20250806

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**ITEM INFORMATION**: Completion of Acquisition or Disposition of Assets

**ITEM INFORMATION**: Material Modifications to Rights of Security Holders

**ITEM INFORMATION**: Changes in Control of Registrant

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250807

**DATE AS OF CHANGE**: 20250806

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ContextLogic Inc.
- **CENTRAL INDEX KEY:** 0001822250
- **STANDARD INDUSTRIAL CLASSIFICATION:** RETAIL-CATALOG & MAIL-ORDER HOUSES [5961]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 272930953
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-39775
- **FILM NUMBER:** 251190837

**BUSINESS ADDRESS:**
- **STREET 1:** 2648 INTERNATIONAL BLVD., SUITE 115
- **CITY:** OAKLAND
- **STATE:** CA
- **ZIP:** 94601
- **BUSINESS PHONE:** 415-432-7323

**MAIL ADDRESS:**
- **STREET 1:** 2648 INTERNATIONAL BLVD., SUITE 115
- **CITY:** OAKLAND
- **STATE:** CA
- **ZIP:** 94601

?xml version='1.0' encoding='ASCII'? 8-K

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, DC 20549**

**FORM** 8-K

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d)**

**of the Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported):** August 6, 2025

<u>ContextLogic Inc.</u> <br> (Exact name of registrant as specified in its charter)

<u>Delaware</u>   <u>001-39775</u>   <u>27-2930953</u> <br> (State or other jurisdictionof incorporation) (CommissionFile Number) (IRS EmployerIdentification No.)

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| | |
|:---|:---|
| 2648 International Blvd., Ste 115<br>Oakland**,** CA 94601 | 94601 |
| (Address of principal executive offices) | (Zip Code) |

---

(415) 965-8476

Registrant's telephone number, including area code:

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by checkmark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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**Item 1.01 Entry into a Material Definitive Agreement.**

In connection with the Reorganization (as defined below), ContextLogic Holdings Inc., a Delaware corporation (f/k/a Easter Parent, Inc.) ("**Holdings**") assumed the obligations under the 2010 Equity Incentive Plan, and assumed the 2020 Equity Incentive Plan and the 2022 Inducement Plan, as amended (each as defined below), the description of each of which is included in Item 2.01 below and is incorporated herein by reference.

**Item 2.01 Completion of Acquisition or Disposition of Assets.** 

On August 6, 2025, ContextLogic, Inc., a Delaware corporation (the '**Company**" or "**ContextLogic**") completed its previously announced reorganization pursuant to the Second Amended and Restated Agreement and Plan of Reorganization, dated as of July 3, 2025 (the "**Reorganization Agreement**"), by and among ContextLogic, Easter Parent, Inc., and Easter Merger Sub, Inc., a Delaware corporation and, as of immediately prior to the consummation of the reorganization, a wholly-owned subsidiary of Holdings ("**Merger Sub**"). The Reorganization Agreement provided for the merger of ContextLogic and Merger Sub, with ContextLogic surviving the Reorganization as a wholly owned subsidiary of Holdings (the "**Reorganization**"), followed by a conversion of ContextLogic into a Delaware limited liability company named ContextLogic LLC (the "**Conversion**"). The Reorganization Agreement was approved and adopted by the stockholders of ContextLogic at its annual meeting of stockholders held on July 24, 2025.

Completion of the Reorganization resulted in the dissolution of the Tax Benefits Preservation Plan pursuant to the terms of the Reorganization Agreement. The ContextLogic Board of Directors effectuated an automatic redemption of all outstanding rights pursuant to the Tax Benefits Preservation Plan, dated as of February 10, 2024, by and between ContextLogic and Equiniti Trust Company, LLC ("**Equiniti**") as rights agent (the "**Tax Benefits Preservation Plan**"). These rights were settled by ContextLogic in cash pursuant to and in accordance with the terms and conditions of the Tax Benefits Preservation Plan, with the plan subsequently terminated as a closing condition of the Reorganization.

At the effective time of the Reorganization, all of the issued and outstanding shares of ContextLogic's class A common stock, par value $0.0001 per share ("**ContextLogic Class A Common Stock**") were exchanged on a one-for-one basis into shares of Holdings common stock, par value $0.0001 per share ("**Holdings Common Stock**"), and each option to purchase shares of ContextLogic Class A Common Stock was assumed by Holdings and became exercisable for an equivalent number of shares of Holdings Common Stock, each restricted stock unit to be settled in ContextLogic Class A Common Stock was assumed by Holdings and remains subject to the same terms and conditions as were applicable to such restricted stock unit award, but was converted into an award with respect to the same number of shares of Holdings Common Stock, and each share of Holdings Common Stock is subject to certain transfer restrictions that prohibit transfers having the effect of increasing the ownership of Holdings stock by (i) any person from less than 4.9% to 4.9% or more or (ii) any person owning or deemed to own 4.9% or more of Holdings' stock.

In connection with the Reorganization, Holdings assumed the obligations under the ContextLogic 2010 Stock Plan (the "**2010 Incentive Plan**") and assumed and will continue the obligations under the ContextLogic 2020 Equity Incentive Plan (the "**2020 Incentive Plan**") and the ContextLogic 2022 New Employee Equity Incentive Plan as amended (the "**2022 Inducement Plan**" and together with the 2010 Incentive Plan and the 2020 Incentive Plan, each an "**Incentive Plan**" and together, the "**Incentive Plans**"), Holdings also assumed all options to purchase shares of ContextLogic Class A Common Stock that were outstanding under the Incentive Plans at the time of the Reorganization. The terms and conditions that were in effect immediately prior to the Reorganization under each outstanding equity award and restricted stock unit award assumed by Holdings will continue in full force and effect after the Reorganization, except that the shares of common stock issuable under each such award will be shares of Holdings Common Stock. The foregoing description of the Incentive Plans is not complete and is qualified in its entirety by reference to the 2010 Incentive Plan, the 2020 Incentive Plan, and the 2022 Incentive Plan, copies of which are filed as Exhibits 10.1, 10.2 and 10.3 hereto, respectively, and incorporated by reference herein.

Upon completion of the Reorganization, ContextLogic became a wholly owned subsidiary of Holdings, which replaces ContextLogic as the publicly held corporation. As further described below, it is anticipated that, as of August 7, 2025, shares of Holdings Common Stock will commence trading on the OTCQB Venture Market of the OTC Markets under the symbol "LOGC." The CUSIP number for the Holdings Common Stock is 21078F109.

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The directors and executive officers of Holdings immediately following the Reorganization are the same individuals who were directors and executive officers, respectively, of ContextLogic immediately prior to the Reorganization.

Upon completion of the Reorganization, Holdings Common Stock was deemed to be registered under Section 12(g) of the Securities Exchange Act of 1934, as amended (the "**Exchange Act**"), pursuant to Rule 12g-3(a) promulgated thereunder. For purposes of Rule 12g-3(a), Holdings is the successor issuer to ContextLogic.

The foregoing description of the terms of the Reorganization Agreement is not complete and is qualified in its entirety by reference to the Reorganization Agreement, a copy of which is included as Exhibit 2.1 and incorporated by reference herein.

**Item 3.03. Material Modification to Rights of Security Holdings.** 

The information included above under Item 2.01 to this Current Report on Form 8-K is incorporated into this Item 3.03 by reference.

**Item 5.01. Change in Control of Registrant.**

The information set forth under Item 2.01 of this Current Report on Form 8-K is incorporated into this Item 5.01 by reference.

**Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.** 

On August 6, 2025, as of immediately following the effective time of the Reorganization, the directors and executive officers of ContextLogic immediately prior to the Reorganization were appointed to the same respective positions with Holdings. Each of the directors of ContextLogic was appointed to serve on the same committees of the board of directors of Holdings as such director had served on the board of directors of ContextLogic immediately prior to the Reorganization.

The directors of ContextLogic immediately following the consummation of the Reorganization were Rishi Bajaj, Marianne Lewis, and Michael Scarola.

**Item 7.01. Regulation FD Disclosure.** 

On August 7, 2025, Holdings issued a press release relating to the consummation of the Reorganization. A copy of the press release is attached hereto as Exhibit 99.1, and is incorporated herein by reference.

*The information provided under this Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed "filed" for the purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act except as shall be expressly set forth by specific reference in such filing*.

**Item 8.01. Other Events.**

At the effective time of the Reorganization, Holdings became the successor issuer to ContextLogic pursuant to Rule 12g-3(a) under the Exchange Act. Pursuant to Rule 12g-3(a) under the Exchange Act, shares of Holdings Common Stock, as the common stock of the successor issuer, are deemed registered under Section 12(g) of the Exchange Act. As a result, future filings with the SEC will be filed by Holdings under CIK No. 1822250.

**Item 9.01. Financial Statements and Exhibits.**

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(d) Exhibits

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Exhibit** <br>**No.** | **Description** | **Form/Filing** | **Date** | **Number** | **Filed** <br>**Herewith(1)** |
| [<u>2.1</u>](https://www.sec.gov/Archives/edgar/data/1822250/000090266425002911/ex2_1.htm) | Second Amended and Restated Agreement and Plan of Reorganization, dated as of July 3, 2025, by and among ContextLogic Inc., Easter Parent, Inc., and Easter Merger Sub, Inc.  | DEFA14A | 07/03/2025 | 2.1 |  |
| [<u>10.1</u>](https://www.sec.gov/Archives/edgar/data/1822250/000119312520318376/d37713dex991.htm) | 2010 Stock Plan, as amended, and forms of agreements thereunder.\*\* | S-8 | 12/16/2020 | 99.1 |  |
| [<u>10.2</u>](https://www.sec.gov/Archives/edgar/data/1822250/000119312520318376/d37713dex992.htm) | 2020 Equity Incentive Plan and form of agreements thereunder.\*\* | S-8 | 12/16/2020 | 99.2 |  |
| [<u>10.3</u>](https://www.sec.gov/Archives/edgar/data/1822250/000119312522023465/d287171dex991.htm) | 2022 New Employee Equity Incentive Plan and forms of agreements thereunder.\*\* | S-8 | 01/31/2022 | 99.1 |  |
| [<u>99.1</u>](logc-ex99_1.htm) | Press Release, dated August 7, 2025 |  |  |  | X |

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\*\* Indicates a management contract or compensatory plan. <br> (1) If not filed herewith, filed as an exhibit to the document referred to in the columns for Form, Date, and Numbers, all of which are filings of ContextLogic Inc. (CIK: #0001822250).

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**SIGNATURES** 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | |
|:---|:---|:---|
|  | **CONTEXTLOGIC INC.** | **CONTEXTLOGIC INC.** |
| Date: August 7, 2025 | By:  | /s/ Rishi Bajaj |
|  |  | Rishi Bajaj<br>Chief Executive Officer<br>*Principal Executive Officer* |

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## Exhibit 99.1

![img45250150_0.jpg](img45250150_0.jpg)

**ContextLogic Holdings Completes Corporate Reorganization**

*Reorganization Enables Company to Protect ~$2.7 Billion of Net Operating Losses (NOLs)*

OAKLAND, Calif., August 7, 2025 (GLOBE NEWSWIRE) -- ContextLogic Holdings Inc. (OTCQB: LOGC), a Delaware corporation ("ContextLogic Holdings," the "Company," "we" or "our") today announced the completion of its plan of reorganization in connection with the Second Amended and Restated Agreement and Plan of Reorganization (the "Second A&R Reorganization Agreement") by and among the Company, ContextLogic Inc., a Delaware corporation ("ContextLogic"), and Easter Merger Sub, Inc., a Delaware corporation ("Merger Sub"), pursuant to which ContextLogic became a wholly owned subsidiary of ContextLogic Holdings.

The reorganization was approved by ContextLogic stockholders at the Annual Meeting held on July 24, 2025, and has now been effectuated following the satisfaction of all closing conditions. The reorganization was designed to help protect the long-term value of the Company's substantial net operating losses ("NOLs") while providing strategic and operational flexibility as the Company seeks to grow organically and through acquisitions.

The ContextLogic Board of Directors effectuated an automatic redemption of all outstanding rights pursuant to the Tax Benefits Preservation Plan, dated as of February 10, 2024, by and between ContextLogic and Equiniti Trust Company, LLC ("Equiniti") as rights agent (the "Tax Benefits Preservation Plan"). These rights were settled by ContextLogic in cash pursuant to and in accordance with the terms and conditions of the Tax Benefits Preservation Plan, with the plan subsequently terminated as a closing condition of the reorganization.

Pursuant to the reorganization, each outstanding share of ContextLogic Class A Common Stock ("Common Stock") was exchanged for one share of ContextLogic Holdings Common Stock on a 1-for-1 basis, with Equiniti acting as the exchange agent. The Common Stock will begin trading on an exchanged basis on the OTCQB Market when the market opens on August 7, 2025, under its current trading symbol "LOGC". The CUSIP number for the Common Stock following the exchange will be 21078F109. The stock exchange does not reduce the number of authorized shares of the Company's Common Stock, which will remain at 3,000,000,000, nor change the par value of the Common Stock, which will remain at $0.0001 per share.

The reorganization does not affect the Company's leadership structure. ContextLogic Holdings' Board of Directors and executive management team remain the same as those of ContextLogic Inc. immediately prior to the reorganization. The Company's consolidated financial condition, assets, and liabilities remain unchanged as a result of the reorganization.

**About ContextLogic Holdings Inc** 

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ContextLogic Holdings Inc. is a publicly traded company currently seeking to develop and grow a de novo business and finance potential future bolt-on acquisitions of assets or businesses that are complementary to its operations. For more information on ContextLogic Holdings, please visit ir.contextlogic.com.

**Investor contact**

Lucy Simon, ContextLogic<br>ir@contextlogic.com

**Forward-Looking Statements**

This news release contains forward-looking statements within the meaning of the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact could be deemed forward-looking, including, but not limited to, statements regarding ContextLogic's reorganization and the reorganization implementation timeline, outlook, priorities, strategic direction, and other quotes of management. In some cases, forward-looking statements can be identified by terms such as "anticipates," "believes," "could," "estimates," "expects," "foresees," "forecasts," "guidance," "intends" "goals," "may," "might," "outlook," "plans," "potential," "predicts," "projects," "seeks," "should," "targets," "will," "would" or similar expressions and the negatives of those terms. These forward-looking statements are subject to risks, uncertainties, and assumptions. If the risks materialize or assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. Further information on risks that could affect ContextLogic's results is included in its filings with the Securities and Exchange Commission ("SEC"), including the amended and restated Proxy Statement/Prospectus filed on June 18, 2025, the additional definitive proxy soliciting materials filed on July 3, 2025, the Annual Report on Form 10-K for the year ended December 31, 2024, as amended by Amendment No. 1 thereto, filed with the SEC on March 12, 2025 and April 17, 2025, respectively, the Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2025, filed with the SEC on May 9, 2025 and as further updated from time to time by ContextLogic's subsequent filings with the SEC, which could cause actual results to vary from expectations. Any forward-looking statement made by ContextLogic in this news release speaks only as of the day on which ContextLogic makes it. ContextLogic assumes no obligation to, and does not currently intend to, update any such forward-looking statements after the date of this release.

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