secwatch.observer — SEC 8-K summary
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Issuer:     Blockchain Coinvestors Acquisition Corp. I (—)
CIK:        0001873441
Form:       8-K
Filed at:   2023-02-07T23:59:59+00:00
Accession:  0001193125-23-025897
Event type: other_material
Sentiment:  negative
Materiality: 0.90
Item codes: 5.03, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1873441/000119312523025897/0001193125-23-025897-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1873441/000119312523025897/d443780d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-025897

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