Professional Special Situation Investor, TripleS Special Situation Investing

Triple S Special Situations Investing

Professional Special Situation Investor

TripleS Special Situation Investing

Professional Special Situation Investor with over 20 years of experience.

Event-Driven

<ul><li>ContextLogic Inc. (NASDAQ: LOGC) has transformed from an e-commerce operator to a cash-rich shell company possessing substantial tax assets, positioning it as a unique investment opportunity.</li><li>The company's recent strategic partnership with BC Partners has created a significant value proposition for investors, particularly those seeking to navigate current market volatility.</li><li>This investment opportunity combines tangible cash assets with substantial tax benefits, all supported by sophisticated financial backing.</li></ul>

ContextLogic Inc. (NASDAQ: LOGC) has transformed from an e-commerce operator to a cash-rich shell company possessing substantial tax assets, positioning it as a unique investment opportunity.The company's recent strategic partnership with BC Partners has created a significant value proposition for investors, particularly those seeking to navigate current market volatility.This investment opportunity combines tangible cash assets with substantial tax benefits, all supported by sophisticated financial backing.

External reports (aggregated public sources), Value Investors Club

Value Investors Club

External reports (aggregated public sources)

Equity Bottom-Up

<ul><li>ContextLogic is a cash and NOL shell trading at a discount with potential to double in value through NOL maximization strategies</li><li>Assets include cash and $2.8 billion in Federal NOLs, with a previous market value decline due to ownership of Wish.com</li><li>Strategy involves acquiring a business with taxable earnings to maximize NOL value, offering investors potential upside from NOL monetization.</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

ContextLogic is a cash and NOL shell trading at a discount with potential to double in value through NOL maximization strategiesAssets include cash and $2.8 billion in Federal NOLs, with a previous market value decline due to ownership of Wish.comStrategy involves acquiring a business with taxable earnings to maximize NOL value, offering investors potential upside from NOL monetization.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Contextlogic Inc (LOGC) - Monday, Sep 30, 2024

<ul><li>textLogic Inc. has entered into a definitive agreement to merge with Qoo10, a leading Asian e-commerce platform</li><li>The deal values Wish at less than its estimated book value as of 12/31/23, reflecting the company's struggles, but presents opportunities for growth and synergies</li><li>The merger will allow ContextLogic to focus on monetizing its valuable NOLs and cash position, potentially unlocking additional value for shareholders and signaling a new chapter for Wish as it moves past its downfall</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

textLogic Inc. has entered into a definitive agreement to merge with Qoo10, a leading Asian e-commerce platformThe deal values Wish at less than its estimated book value as of 12/31/23, reflecting the company's struggles, but presents opportunities for growth and synergiesThe merger will allow ContextLogic to focus on monetizing its valuable NOLs and cash position, potentially unlocking additional value for shareholders and signaling a new chapter for Wish as it moves past its downfallThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Contextlogic Inc (WISH) - Tuesday, Feb 13, 2024

Event-Driven Investment Opportunities, Special Situation Investments

Special Situation Investments

Event-Driven Investment Opportunities

Focus on event-driven trades and low risk arbitrage opportunities with short term catalysts

SpringWorks Therapeutics Inc / Event-Driven

<ul><li>SpringWorks Therapeutics (SWTX) is in late-stage acquisition talks with Merck KGaA, with a potential buyout offer at $85/share.</li><li>Liquidia (LQDA) had its FDA case denied, delaying Yutrepia's market entry until May 2025, with commercialization on track.</li><li>ContextLogic (LOGC) received a $150m strategic investment from BC Partners, enhancing its cash balance and NOL monetization potential.</li></ul>

SpringWorks Therapeutics (SWTX) is in late-stage acquisition talks with Merck KGaA, with a potential buyout offer at $85/share.Liquidia (LQDA) had its FDA case denied, delaying Yutrepia's market entry until May 2025, with commercialization on track.ContextLogic (LOGC) received a $150m strategic investment from BC Partners, enhancing its cash balance and NOL monetization potential.

SSI Weekly Newsletter Highlights: SWTX and NATH Potential Buyouts, LQDA FDA Update and More

<ul><li>Kronos Bio (KRON) undergoes strategic review with 83% workforce reduction and CEO resignation, trading below net cash value.</li><li>Equity Commonwealth (EQC) in late-stage liquidation, with final distribution expected between $1-$2/share in Q1'25.</li><li>Marlowe (MRL:L) trades at 7.6x FY25 adjusted EBITDA, with potential upside if re-rated to 10-12x EBITDA.</li></ul>

Kronos Bio (KRON) undergoes strategic review with 83% workforce reduction and CEO resignation, trading below net cash value.Equity Commonwealth (EQC) in late-stage liquidation, with final distribution expected between $1-$2/share in Q1'25.Marlowe (MRL:L) trades at 7.6x FY25 adjusted EBITDA, with potential upside if re-rated to 10-12x EBITDA.

Strategic Reviews, Liquidations, and Buybacks: Key Financial Developments in Biopharma, Real Estate

United States

ContextLogic Inc., doing business as Wish, operates as an online marketplace. The Company provides apparel, bags, toys, mobile phones and covers, hand and power tools, cosmetics, drinking games, home decor, bathroom fixtures, building supplies, and other accessories. Wish serves customers worldwide.

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ContextLogic (LOGC US)