Blockchain Coinvestors Acquisition I Files for $250M IPO


Blockchain Coinvestors Acquisition I, registered to offer 25 million units, with each unit priced at $10 and consisting of one Class A ordinary share and one-third of one redeemable warrant. Whole warrants will be exercisable for a share at $11.50.

The new SPAC in the S-1 filing said it will target companies in the financial services, technology and other sectors of the economy that are being enabled by emerging applications of blockchain.

Cantor and Moelis are joint book-running managers. The underwriters have an option to purchase up to 3.75 million additional units to cover over-allotments, if any.

The SPAC intends to apply for a Nasdaq listing under BCSAU. Read more.

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