Contextlogic Completes Sale Of Substantially All Operating Assets And

Contextlogic Completes Sale Of Substantially All Operating Assets And As disclosed, contextlogic entered into an agreement to sell substantially all of the company’s operating assets and liabilities, principally comprising its wish ecommerce platform, to qoo10. Following closing of the transaction, contextlogic will have limited operating expenses and a balance sheet that will be debt free, with net cash proceeds from the asset sale, approximately $2.7.

Contextlogic Completes Sale Of Substantially All Operating As disclosed, contextlogic entered into an agreement to sell substantially all of the company’s operating assets and liabilities, principally comprising its wish ecommerce platform, to qoo10, for approximately $161 million in cash, after purchase price adjustments. “we would like to thank our stockholders for their support of this value. Following the close of the asset sale, contextlogic will have limited operating expenses and a balance sheet that will be debt free and will include net cash proceeds from the asset sale. Following closing of the transaction, contextlogic will have limited operating expenses and a balance sheet that will be debt free, with net cash proceeds from the asset sale, approximately $2.7. As disclosed, contextlogic entered into an agreement to sell substantially all of the company&closecurlyquote;s operating assets and liabilities, principally comprising its wish ecommerce platform, to qoo10, for approximately $161 million in cash, after purchase price adjustments.

Contextlogic Announces Agreement To Sell Substantially All Operating Following closing of the transaction, contextlogic will have limited operating expenses and a balance sheet that will be debt free, with net cash proceeds from the asset sale, approximately $2.7. As disclosed, contextlogic entered into an agreement to sell substantially all of the company&closecurlyquote;s operating assets and liabilities, principally comprising its wish ecommerce platform, to qoo10, for approximately $161 million in cash, after purchase price adjustments. Contextlogic (d b a wish) announced that its board of directors unanimously approved an agreement to sell substantially all of its operating assets and liabilities, principally comprising its wish e commerce platform to qoo10 ( an ecommerce platform operating localized online marketplaces in asia) for approximately $173 million in cash, subject to certain purchase price adjustments. the. Contextlogic will continue as a publicly traded company with approximately $161 million cash on hand at closing (including the proceeds from the asset sale) and approximately $2.7 billion of net.

What Does It Mean By вђњsale Of All Or Substantially Allвђќ Of The Contextlogic (d b a wish) announced that its board of directors unanimously approved an agreement to sell substantially all of its operating assets and liabilities, principally comprising its wish e commerce platform to qoo10 ( an ecommerce platform operating localized online marketplaces in asia) for approximately $173 million in cash, subject to certain purchase price adjustments. the. Contextlogic will continue as a publicly traded company with approximately $161 million cash on hand at closing (including the proceeds from the asset sale) and approximately $2.7 billion of net.