ContextLogic Holdings Inc. announced a $115 million rights offering at $8.00 per share to fund its $907.5 million acquisition of US Salt Parent Holdings, LLC. The offering includes 14,375,000 new shares, representing 20.9% of its share capital post-acquisition. The offering is fully backstopped and will close before the transaction on February 26, 2026. Each share of ContextLogic common stock includes one subscription right, with an exercise price of $8.00 per share and a subscription ratio of 0.53486 shares per right. The offering is contingent upon the completion of the US Salt Acquisition, with no fractional shares allowed and a 4.9% ownership threshold for NOL protection.

Investors can exercise their rights from January 22, 2026, to February 20, 2026, with no minimum purchase required. Rights are non-transferable until the offering closes, and unexercised rights will expire. The offering is being made through a prospectus available on the SEC’s website. ContextLogic is a business ownership platform focused on acquiring niche businesses, with forward-looking statements highlighting potential growth strategies and opportunities. For more information, contact D.F. King, the information agent for the offering.

Read more at GlobeNewswire: ContextLogic Advances US Salt Acquisition with Launch of