Blockchain Coinvestors Acquisition I said it itneds to enter a non-redemption agreement with an investor for an unspecified number of shares prior to an upcoming extension vote.
The SPAC said it anticipates the sponsor will agree to transfer 30,000 Class A shares for every 150,000 non-redeemed shares.
Shareholders are expected to vote May 9 on a proposal to move the SPAC’s deadline from May 15 to Nov. 15, 2024.
The SPAC last month announced a merger agreement with Linqto at an implied enterprise value of approximately $700 million.
Linqto is a digital investment platform allowing accredited investors to identify, evaluate, invest in, and make liquid investments “in the world’s leading unicorns and other private tech companies,” according to a press release announcing the deal. “Linqto’s vision is to democratize private investing by making it accessible, affordable, and liquid for individual investors.”
The company said it has 750,000 users in 110 countries. Read more.
