initial public offerings (IPOs) trading on American exchanges

Friday, October 30, 2026

ContextLogic (OTCMKTS:LOGC)

ContextLogic (formerly the parent company of the e-commerce marketplace Wish) transformed from a struggling online retailer into a publicly traded business-ownership and acquisition platform. 


Key Milestones and Changes
  • Sale of Wish: In early 2024, ContextLogic sold its core Wish e-commerce operations for $173 million. 
  • Preservation of Tax Assets: Instead of liquidating, the company pivoted to preserve roughly $2.9 billion in net operating losses (NOLs) to shield future corporate profits from taxes. 
  • Delisting from Nasdaq: The company voluntarily delisted from Nasdaq in mid-2025 and moved to trade over-the-counter on the OTCQB market under the ticker symbol LOGC. 
  • Corporate Reorganization: In August 2025, ContextLogic completed a corporate restructuring, making ContextLogic Inc. a subsidiary of ContextLogic Holdings Inc. 
  • Acquisition of US Salt: In early 2026, ContextLogic completed a $907.5 million acquisition of US Salt in partnership with Abrams Capital and BC Partners Credit, shifting its primary business focus into the production and distribution of evaporated salt. 
  • Current Status: It trades on the OTC market as ContextLogic Holdings Inc.

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