Linqto terminates $700 mln SPAC deal with Blockchain Coinvestors
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 30 2024
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Source: Reuters
Termination of Merger: Investment firm Linqto has canceled its $700 million merger deal with Blockchain Coinvestors Acquisition Corp, effective September 26, following a notice of termination delivered by Linqto.
SPAC Market Challenges: The decision comes amid ongoing struggles in the SPAC market, characterized by poor financial performance and increased regulatory scrutiny from the U.S. Securities and Exchange Commission.
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.
