ContextLogic ( (LOGC) ) has issued an announcement.
On February 24, 2025, ContextLogic Inc. entered into an investment agreement with BC Partners for up to $150 million in convertible preferred units. This strategic investment aims to provide ContextLogic with up to $300 million in cash to pursue acquisition-led value maximization strategies. Ted Goldthorpe from BC Partners is expected to become Chairman of the Board, and the investment positions ContextLogic to capitalize on strategic opportunities with the support of BC Partners’ expertise and resources.
More about ContextLogic
ContextLogic Inc. is a publicly traded company that has previously sold most of its operating assets and liabilities in April 2024. The company is focused on pursuing strategic alternatives to generate value for its shareholders.
YTD Price Performance: 24.24%
Average Trading Volume: 248,322
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $226.3M
Find detailed analytics on LOGC stock on TipRanks’ Stock Analysis page.