Contextlogic. To start trading on OTC markets and delete from Nasdaq – Connextlogic (Nasdaq: Logc)
Oakland, California, May 30, 2025 (Globe Newswire) – Conndixlogic Inc. Logc (“Contextlogic,” Company “,” We “or” OR “) today announced its intention to offer voluntarily from the Nasdaq Global market at the conclusion of the markets on June 2, 2025 and the start of trading in the OTCQB® Venture Market market in OTC markets on June 3, 2025.
The company is pleased to announce that the company has been accepted to be included in the OTCQB® Venture Market market for OTC Markets (“OTC Markets”) and that joint shares of the company category, and the value of PAR 00001 dollars per share (“joint stocks”) will start trading in OTC markets on Tuesday 3 June, 2025 under the title “LOGC”. Shareholders will not be required to exchange their shares or take any other action regarding the inclusion of OTC markets as there will be no change in the trading code or CUSIP for the ordinary share.
The company also declares that as a result of its inclusion on the OTC markets, it intends to delete its voluntary shared shares from the NASDAC global market (“” Nasdaq “) and providing a model 25 with the American Securities and Stock Exchange Committee (” SEC “or about 9 June 2025. As a result, the company expects the common stock through sincerity, i.e. what is not present. By Nasdak.
Also, in the current report of the company, the 8-K Model submitted to the Supreme Education Council on March 28, 2025, the company was notified by the management of listing qualifications (“employees” in NASDAQ, which employees believe that the company is a “public shell”, as is specified by NASDAQ. A hearing before the committee on April 1, 2025.
The session was held on May 8, 2025, when the company presented a comprehensive overview of its business, more specifically, the company’s efforts to increase the value of its assets to the maximum, including investment opportunities in or obtaining one or more working companies that provide opportunities for appreciation in value, and the company requested to continue in the list of assets in Nasdaq.
After a careful study, the company’s board of directors (Board of Directors) decided that it is one of the best interests of the company to delete its shared shares from the Nasdaq Stock Exchange.
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The decision was affected by several factors, including the company’s assessment of its ability to continue to increase the value of its assets, taking into account the remaining benefits listed on the Nasdaq Stock Exchange against regulatory requirements, and time management must be devoted to compliance and reporting, and the costs involved in maintaining the list. The company’s strategy, processes and its ability to develop its business will not change as a result of transferring the listing to OTC markets. The company believes that moving to OTC markets will save expenses and should allow a continuous organized trading market for its joint share.
About contextlogic inc.
Contextlogic. It is a company circulating for the public that currently seeks to develop and develop a process of acquisition or possible business in the future, and it is a complement to its operations. For more information about Contextlogic, please visit IR.CONEXTLOGICINC.com.
Topical data
This press statement contains aspecting data in the sense of the provisions of the safe port of the Law on Reforming for Private Securities for the year 1995. All data other than historical truth statements can be considered asput, including, for example management. In some cases, aspiration data can be identified through terms such as “expectations”, “believes”, “can” can “,” estimates “,” expectation “,” expectations “,” guidelines “,” intends “” goals “,”, “. “” Or similar expressions and the negatives of these terms will be subject to the risks, doubts and assumptions. If the risks or assumptions are proven incorrect, actual results may differ financially from the results involved in these aspiration data. Important factors, risks and suspicions that can cause actual results are materially disagreed from these aspirations, for example, but not limited to, timing, timing The expected and the process of deleting the shared shares of NASDAQ and the inclusion of OTC markets. Additional that can affect Contextlogic in its files with SEC, including the annual report on the 10-k for the year ending December 31, 2024, in its modified form by amendment No. 1 on the annual report on the 10k/A Form, the Classical Report in Form 10 for the period ending on March 31, 2025 and other reports that the Active File is reported File for to the expectation.
Investor relations:
Lucy Simon, complete
Ir@contxtlogicinc.com
