ContextLogic to commence trading on OTC markets, delist from Nasdaq
ContextLogic (LOGC) announced its intention to voluntarily delist from The Nasdaq Global Market at the close of markets on June 2, 2025 and to begin trading on the OTCQB Venture Market of the OTC Markets on June 3, 2025. The company is pleased to announce that the company has been accepted for listing on the OTCQB Venture Market of the OTC Markets and that the company's Class A Common Stock will commence trading on the OTC Markets on Tuesday, June 3, 2025 under the ticker symbol 'LOGC'. Shareholders will not be required to exchange their share certificates or take any other action in connection with the OTC Markets listing as there will be no change in the trading symbol or CUSIP for the Common Stock. The company also announces that as a result of its listing on the OTC Markets, it intends to voluntarily delist its Common Stock from The Nasdaq Global Market and file a Form 25 with the U.S. SEC on or about June 9, 2025. As a result, the company anticipates that the delisting of its Common Stock from Nasdaq will become effective 10 days after the filing, unless otherwise directed by Nasdaq.
Confident Investing Starts Here:
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
25 minutes ago
- Yahoo
MongoDB Soars 14.2% After Crushing Q1 -- $1B Buyback, AI Push, and Customer Surge Spark Rally
MongoDB (NASDAQ:MDB) is off to a fast start in fiscal 2026and investors might want to take a closer look. The company reported $549 million in Q1 revenue, up 22% from last year, with its cloud product, Atlas, growing 26% and now making up 72% of total sales. Management added 2,600 new customers, marking the biggest quarterly gain in six years. The share is up 14.2% at 12.09pm today. CEO Dev Ittycheria pointed to strong traction from both enterprises and startups as AI workloads and modern app development continue to drive demand for flexible, cloud-native databases. Behind the scenes, MongoDB is becoming a cash machine. The company more than doubled non-GAAP operating income to $87.4 million and posted $105.9 million in free cash flowup 74% year-over-year. With $2.5 billion in cash and short-term investments on hand, it just authorized another $800 million in share repurchases, taking its total buyback program to $1 billion. That kind of financial firepower could give MongoDB more room to support long-term growth while returning capital to shareholders. On the AI front, MongoDB isn't just playing defense. It rolled out new retrieval modelsVoyage 3.5 and 3.5 Litethat improve accuracy and efficiency for building AI-powered apps. It also debuted its Model Context Protocol Server, which connects MongoDB to tools like GitHub Copilot and Anthropic's Claude, letting developers use natural language to interact with their data. With FY2026 revenue guidance raised up to $2.29 billion and full-year non-GAAP EPS projected to hit as high as $3.12, MongoDB could be shaping up as a quiet leader in the AI infrastructure race. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
35 minutes ago
- Yahoo
Palantir Shares Tumble 5% Despite CEO Pushes Back on Surveillance Allegations
June 5 - Shares of Palantir Technologies (NASDAQ:PLTR) fell more than 5% Thursday despite Chief Executive Alex Karp denied claims suggesting the company aided U.S. government surveillance of citizens under a prior administration. Speaking to CNBC, Karp said Palantir is "not surveilling Americans," pushing back against a New York Times report that said the firm may have been involved in compiling a broad database of U.S. citizens during Donald Trumps presidency. The Denver-based company issued a separate denial earlier this week on social platform X, calling the article blatantly untrue. Palantir said it does not gather data to unlawfully track Americans and emphasized its Foundry platform includes granular security measures. The New York Times story suggested Palantir may have been selected to help implement a Trump-era executive order aimed at merging data across federal agencies. The timing comes as Palantir continues to win U.S. government contracts. Karp, in the same interview, stressed the strategic importance of the U.S. leading in artificial intelligence development, adding that the West must adapt to stay competitive. Palantirs drop marks one of its sharpest single-day declines in recent weeks, with the stock hovering near one-month lows. This article first appeared on GuruFocus.
Yahoo
36 minutes ago
- Yahoo
Here's My Top Artificial Intelligence (AI) Stock to Buy in June
The growing demand for AI servers and personal computers should be a big tailwind for this tech giant in the long run. The company's latest results were solid, and its guidance points toward an improvement in growth. This AI stock's valuation and earnings growth potential make it a no-brainer buy right now. 10 stocks we like better than Dell Technologies › Shares of Dell Technologies (NYSE: DELL) have underperformed the broader market in the past year, losing 20% of their value while the tech-laden Nasdaq-100 Composite index recorded 14% gains during the same period. However, Dell's poor returns in the past year mean that it is trading at a very attractive valuation right now. Throw in the fact that the company is witnessing a gradual uptick in growth due to a recovery in the personal computer (PC) market and a sharp increase in the demand for its artificial intelligence (AI) servers, and it could very well turn out to be a solid buy right now. Let's look at the reasons why Dell looks like a top AI stock to buy this month. Dell released its fiscal 2026 first-quarter results (for the three months ended May 2) on May 29. The company's revenue increased by 5% from the year-ago quarter, while non-GAAP earnings per share increased at a faster pace of 17%. The top-line growth isn't exactly eye-popping, but that's set to improve going forward due to the gradual recovery in the PC market. Dell's revenue from sales of commercial PCs increased 9% year over year to $11 billion. However, the 19% decline in consumer PC revenue to $1.5 billion weighed on this segment's growth. The good part is that there are bright spots within the consumer PC market, such as the growing demand for AI-enabled PCs and the Windows 11 upgrade cycle. These factors helped Dell's client solutions group (CSG) report much stronger growth in Q1 of fiscal 2026, compared to the 1% growth it saw in this segment in the previous fiscal year. Importantly, PC shipment volumes are expected to pick up over the next couple of quarters, according to market research firm IDC. So, it won't be surprising to see Dell's CSG revenue growth rate improving going forward. At the same time, its AI server business is in fine form. The company received orders worth $12.1 billion for its AI-optimized servers in the previous quarter. This number was higher than Dell's AI server revenue in all of fiscal 2025. The company is now sitting on an AI server order backlog of $14.1 billion, indicating that the revenue from its infrastructure solutions group (ISG) should also pick up momentum as the year progresses. Dell's ISG revenue increased 12% year over year in fiscal Q1 to $10.3 billion, and the tremendous backlog is one of the reasons why the company is now expecting even faster growth in the current quarter. The midpoint of Dell's fiscal second-quarter revenue guidance points toward a year-over-year increase of 16%. Though the company has maintained its fiscal 2026 revenue growth guidance at 8%, it won't be surprising to see it do better than that, due to the improving prospects of the PC and server markets. Sales of AI PCs are expected to increase at an annual rate of 42% through 2028, according to IDC. The AI server market, on the other hand, is expected to clock a 34% annual growth rate through the end of the decade. Dell, therefore, is sitting on a couple of lucrative growth drivers that could ensure years of outstanding growth for the company. Analysts have raised their earnings expectations for Dell over the next couple of years, though don't be surprised to see those estimates head higher as its AI-fueled businesses gain momentum. But even if Dell achieves $11.84 per share in earnings in fiscal 2028 and trades at 27.5 times earnings at that time (in line with the tech-laden Nasdaq-100 index's forward earnings multiple), its stock price could hit $325. That points toward a massive jump of more than 192% from current levels. The important thing to note here is that Dell is trading at just 17 times trailing earnings and 12 times forward earnings, which means that investors are getting a terrific deal on this AI stock right now. They should consider grabbing this opportunity with both hands as the gradual improvement in its financial performance could lead the market to reward it with more upside and send shares higher in the long run. Before you buy stock in Dell Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Dell Technologies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $657,385!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $842,015!* Now, it's worth noting Stock Advisor's total average return is 987% — a market-crushing outperformance compared to 171% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Harsh Chauhan has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Here's My Top Artificial Intelligence (AI) Stock to Buy in June was originally published by The Motley Fool
