May 19, 2021 |
ContextLogic Inc. NASDAQ: WISH |
Case Status: Filed
Filing Deadline: July 16, 2021
If you purchased a significant amount of shares of ContextLogic Inc. (NASDAQ: WISH), you have certain options. Investors should contact us before July 16, 2021.
Date Filed:May 17th, 2021
Class Start Date:December 16th, 2020
Class End Date:May 12th, 2021
On December 16, 2020, ContextLogic priced its Initial Public Offering ("IPO") at $24 per share and filed its final Prospectus with the SEC, which formed part of the Registration Statement, pursuant to which ContextLogic sold 46 million shares of common stock to the public.
The Complaint alleges that in the Registration Statement and Prospectus used to conduct the IPO and throughout the Class Period, Defendants made materially false and misleading statements about the strength of ContextLogic’s business operations and financial prospects by overstating its then-present monthly active users (“MAUs”) and MAU growth trends.
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First Identified Complaint
COMPLAINT FOR VIOLATIONS OF THE FEDERAL SECURITIES LAWS
Date Filed:May 17th, 2021 Class Period Start:December 16th, 2020 Class Period End:May 12th, 2021
First Identified Complaint Filings
May 19th, 2021
Class Action Complaint for Violation of the Federal Securities Laws