Blockchain Coinvestors Acquisition I in a preliminary proxy seeks shareholder approval to move its completion deadline from from Nov. 15 to May 15, 2024. A shareholder meeting will be scheduled for September.
The SPAC has a pending deal with crypto fintech Qenta, announced in November last year at an enterprise value of approximately $622 million.
Blockchain Coinvestors I raised $300 million in an upsized November 2021 IPO, although redemptions since then have left it with about $39 million in trust as of June 30, according to a 10Q filing. Read more.
