BCSA shareholders approve extension to Nov 15, 2023; $273M redeemed from trust

Blockchain Coinvestors Acquisition Corp. I

Shareholders approved amendment to extend business combination deadline from May 15 to November 15, 2023.
Holders of 26,406,729 Class A shares redeemed at ~$10.34/share, total ~$273.0M removed from trust.
After redemption, 4,915,271 Class A shares remain outstanding; trust balance drops to ~$38.5M.
Vote results: 36,589,148 for, 111,149 against, 10 abstentions; quorum of 88.82% achieved.
Adjournment proposal not presented as extension proposal passed.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Blockchain Coinvestors Acquisition Corp. I: Extended the deadline to consummate a business combination from May 15, 2023 to November 15, 2023 (effective 2023-02-03).

Change: charter amendment
Effective: 2023-02-03

Exact text from the filing

to amend BCSA’s amended and restated memorandum and articles of association (the “ Memorandum and Articles of Association ”) to extend the date by which BCSA has to consummate a business combination from May 15, 2023 to November 15, 2023

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Blockchain Coinvestors Acquisition Corp. I shareholders approved Extension Amendment Proposal.

Outcome: passed

Exact text from the filing

The shareholders approved the Extension Amendment Proposal and the voting results for the proposal were as follows: Extension Amendment Proposal Ordinary Shares Votes For Ordinary Shares Votes Against Ordinary Shares Abstentions 36,589,148 111,149 10

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Source: SEC EDGAR

accession 0001193125-23-025897

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