Summary by Moomoo AI
ContextLogic Inc., trading under the ticker WISH on the US stock market, has announced a change in its trading symbol to LOGC, effective May 13, 2024. The change will also affect the company's option symbols, transitioning from WISH/WISH1 to LOGC/LOGC1 at the start of business on the same date. This adjustment follows a previous options adjustment that took place on April 12, 2023, as referenced in OCC Information Memo #52239. Despite the change in trading and option symbols, the strike prices and other option terms will remain unchanged. Clearing members are instructed to use the new option symbols from May 13, 2024, onwards. The underlying security for the options will also change from WISH to LOGC, with the contract multiplier and strike divisor remaining at 1, and the new multiplier set at 100. Each deliverable per contract will consist of 100 ContextLogic Inc. Class A Common Shares for LOGC and 4 shares for LOGC1. The CUSIP number for the new symbol is 21077C305.
