BLOCKCHAIN COINVESTORS ACQUISITION CORP. I ANNOUNCES LIQUIDATION AND DISSOLUTION OF THE COMPANY
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 31 2024
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Source: PRnewswire
Company Announcement: Blockchain Coinvestors Acquisition Corp. I (BCSA) will redeem all outstanding Class A ordinary shares due to the inability to complete a business combination by the deadline of November 15, 2024, resulting in the liquidation of the company.
Financial Details: The redemption price for the Public Shares is expected to be approximately $11.39 per share, with an anticipated total of about $17.9 million remaining in the trust account after covering dissolution expenses and taxes.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
