Blockchain Coinvestors Acquisition I Wants to Push Qenta Deadline Back by 6 Months | SPAC Feed

blockchain Coinvestors Acquisition I in a preliminary proxy seeks shareholder approval to move its completion deadline from from Nov. 15 to May 15, 2024. A shareholder meeting will be scheduled for September.

The SPAC has a pending deal with crypto fintech Qenta, announced in November last year at an enterprise value of approximately $622 million.

Blockchain Coinvestors I raised $300 million in an upsized November 2021 ipo, although redemptions since then have left it with about $39 million in trust as of June 30, according to a 10Q filing. Read more.

Source: Blockchain Coinvestors Acquisition I Wants to Push Qenta Deadline Back by 6 Months

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• Source: https://spacfeed.com/blockchain-coinvestors-acquisition-i-wants-to-push-qenta-deadline-back-by-6-months