0000000000-22-010043.txt : 20221205 0000000000-22-010043.hdr.sgml : 20221205 20220914143003 ACCESSION NUMBER: 0000000000-22-010043 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20220914 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: ContextLogic Inc. CENTRAL INDEX KEY: 0001822250 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-CATALOG & MAIL-ORDER HOUSES [5961] IRS NUMBER: 272930953 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: UPLOAD BUSINESS ADDRESS: STREET 1: ONE SANSOME STREET 33RD FLOOR CITY: SAN FRANCISCO STATE: CA ZIP: 94104 BUSINESS PHONE: 415-432-7323 MAIL ADDRESS: STREET 1: ONE SANSOME STREET 33RD FLOOR CITY: SAN FRANCISCO STATE: CA ZIP: 94104 LETTER 1 filename1.pdf begin 644 filename1 M)5!$1BTQ+C4*)>+CS],*,2 P(&]B:@H\/"]#;VQO7!E+UA/8FIE8W0O5VED=&@@,30R."],96YG=&@@,S8U+T)I='-097)# M;VUP;VYE;G0@.#X^7M0Q1$1$1$1$1&3"Q\<'QA6_?__&K *98K_? 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One Sansome Street, 33rd Floor San Francisco, California 94104 Re: ContextLogic Inc. Form 10-K for the Fiscal Year Ended December 31, 2021 Filed March 14, 2022 Form 8-K filed August 9, 2022 File No. 1-39775 Dear Ms. Liu: We have limited our review of your filings to the financial statements and related disclosures and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to these comments within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comments apply to your facts and circumstances, please tell us why in your response. After reviewing your response to these comments, we may have additional comments. Form 10-K for the Fiscal Year Ended December 31, 2021 Note 7. Commitments and Contingencies Legal Contingencies and Proceedings, page 105 1. If there is at least a reasonable possibility that a loss or additional loss may have been incurred, please revise your disclosure to include an estimate of the possible loss or range of loss or a statement that such an estimate cannot be made. This comment applies to each of the actions disclosed, to the extent such disclosure is not provided. Refer to ASC 450-20-50-4b. Form 8-K Filed August 9, 2022 Exhibit 99.1, page 10 2. You present non-GAAP income statements. Please remove them in future filings or Vivian Liu ContextLogic Inc. September 14, 2022 Page 2 explain why they are not prohibited. Refer to the first bullet in Question 102.10 of the Staff's Compliance and Disclosure Interpretations on Non-GAAP Financial Measures. In closing, we remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. You may contact Ta Tanisha Meadows at (202) 551-3322 or Adam Phippen at (202) 551- 3336 with any questions. FirstName LastNameVivian Liu Sincerely, Comapany NameContextLogic Inc. Division of Corporation Finance September 14, 2022 Page 2 Office of Trade & Services FirstName LastName