11:08 AM EDT, 04/12/2024 (MT Newswires) -- ContextLogic ( WISH ) said Friday it has postponed its special meeting of stockholders to provide time to solicit additional votes for its proposed asset sale to Qoo10.

The meeting will reconvene on April 18, the company said.

ContextLogic ( WISH ) said about 97% of the shares voted favored the asset sale and the company currently needs about 500,000 additional shares to vote for the deal.

Shares of the company fell 4.8% in recent trading.

Price: 4.92, Change: -0.25, Percent Change: -4.84