Purchase Price Represents Approximately $6.50 Per Share, a 44% Premium ContextLogic to Remain as Publicly Listed Entity, Preserving ~$2.7 Billion of Net Operating Losses (NOLs) Board Exploring Opportunity for Financial Sponsor to Help ContextLogic Inc. Monetize Value of NOLs Board Concludes Comprehensive Review of Strategic Alternatives; Unanimously Approves Transaction Board Also Adopts Tax Benefits Preservation Plan to Protect Ability to Use NOLs SAN FRANCISCO, Feb. 12, 2024 (GLOBE NEWSWIRE) -