BCSA Overview

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.

Linqto's Business Evolution: Linqto is transitioning its focus to become a leading broker-dealer in private markets, aiming to enhance liquidity and access for individual investors through its affiliated broker-dealer, Linqto Capital.

IPO Plans and Market Strategy: The company is preparing to file for a potential IPO on NASDAQ after terminating its SPAC agreement, with a commitment to democratizing access to private equity and creating a more efficient investment market.

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.

Termination of Business Agreement: Blockchain Coinvestors Acquisition Corp. I (BCSA) announced the termination of its business combination agreement with Linqto, Inc., effective September 26, 2024, following a notice from Linqto.

Financial Implications: As part of the termination, Linqto is required to pay BCSA a termination fee of $5 million within 30 days.

Termination of Agreement: Blockchain Coinvestors Acquisition (BCSA) has terminated its business combination agreement with Linqto, effective September 26.

Financial Implications: Linqto will pay BCSA a termination fee of $5 million as part of the agreement's conclusion.

Investigation by Kuehn Law: Kuehn Law, a shareholder litigation firm, is investigating proposed mergers involving companies like Chuy's Holdings and Augmedix to ensure that shareholder interests are maximized and material information is disclosed.

Shareholder Participation Encouraged: Shareholders are urged to get involved in the legal process to protect their rights and contribute to fair financial markets, with Kuehn Law covering all case costs for clients.