Blockchain Coinvestors Acquisition I in an 8-K said its extension vote scheduled for May 9 was adjourned until today to give the SPAC time to engage with shareholders and consider redemption reversals. If approved, the measure would move the SPAC’s deadline to Nov. 15.
Blockchain Coinvestors last month announced a definitive business combination agreement with Linqto at an implied enterprise value of approximately $700 million.
The target 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. Through an intuitive technology platform, Linqto empowers individuals to participate in private venture investments, which were once the exclusive domain of institutions and privileged, ultra-wealthy people.”
The company said it has 750,000 users in 110 countries.
The deal is expected to close in the second half of 2024, pending all approvals. Read more.
