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Blockchain Coinvestors Sponsor I LLC announces liquidation and dissolution of Blockchain Coinvestors Acquisition Corp. I

PRIVATEOct 31, 2024

Acquiring Company

Blockchain Coinvestors Acquisition Corp. I

Acquired Company

Linqto

Financial ServicesFinanceAngel InvestmentLending

Description

Blockchain Coinvestors Sponsor I LLC, the sponsor of Blockchain Coinvestors Acquisition Corp. I (NASDAQ:BCSA), has announced the decision to redeem all outstanding Class A ordinary shares and proceed with the liquidation and dissolution of the company. Following the termination of the planned business combination agreement with Linqto, Inc. and the receipt of a $5.0 million termination fee, BCSA has not completed an initial business combination by the deadline set in its Charter, leading to its liquidation.

Quick answer

Blockchain Coinvestors Acquisition Corp. I is acquiring Linqto, announced October 31, 2024.

How much did Blockchain Coinvestors Acquisition Corp. I pay for Linqto?
The deal value was not disclosed.
What does Blockchain Coinvestors Acquisition Corp. I do?
Blockchain Coinvestors Sponsor I LLC is the sponsor of Blockchain Coinvestors Acquisition Corp. I (NASDAQ:BCSA), a special purpose acquisition company designed to facilitate various business combinations.

Source: Fundz verified event record.

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Company Information

Company

Blockchain Coinvestors Acquisition Corp. I

About

Blockchain Coinvestors Sponsor I LLC is the sponsor of Blockchain Coinvestors Acquisition Corp. I (NASDAQ:BCSA), a special purpose acquisition company designed to facilitate various business combinations. Its leadership team includes Chairman and Managing Director Matthew Le Merle, CEO and Managing Director Lou Kerner, Managing Director Alison Davis, and CFO Mitchell Mechigian. After the decision to liquidate and dissolve the company, the sponsor has waived its rights to funds from the trust account.

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Frequently asked

Who acquired Linqto?

Linqto was acquired by Blockchain Coinvestors Acquisition Corp. I. The deal was reported on October 31, 2024. Blockchain Coinvestors Sponsor I LLC is the sponsor of Blockchain Coinvestors Acquisition Corp. I (NASDAQ:BCSA), a special purpose acquisition company designed to facilitate various business combinations. Blockchain Coinvestors Acquisition Corp. I is privately held.

When did Blockchain Coinvestors Acquisition Corp. I acquire Linqto?

Blockchain Coinvestors Acquisition Corp. I's acquisition of Linqto was reported on October 31, 2024. Blockchain Coinvestors Sponsor I LLC, the sponsor of Blockchain Coinvestors Acquisition Corp. I (NASDAQ:BCSA), has announced the decision to redeem all outstanding Class A ordinary shares and proceed with the liquidation and dissolution of the company. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Linqto do?

Linqto is a leader in liquidity in the private sector, providing accredited investors access to affordable investment opportunities in the world's top unicorns. Private investing made simple. Learn more at https://www.linqto.com/. It is privately held, operating in Financial Services.

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