Blockchain Coinvestors Acquisition Corp. I Class A (BCSA) has shared an update.
Blockchain Coinvestors Acquisition Corp. I (BCSA) and Linqto have announced a groundbreaking Business Combination Agreement that will see BCSA reincorporate in Delaware, transform each BCSA Share into a New Linqto Share, and ultimately merge with Linqto, making it a wholly-owned subsidiary. This strategic move, expected to close in the latter half of 2024, hinges on shareholder and regulatory approvals and could significantly reshape the companies’ future, with an implied Linqto enterprise value of around $700 million. The deal also includes provisions for existing Linqto equity awards and warrants to convert into New Linqto securities.
Learn more about BCSA stock on TipRanks’ Stock Analysis page.
