BCSA shareholders approve extension to Nov 2023; ~$274M redeemed, trust drops to $37.3M

Blockchain Coinvestors Acquisition Corp. I

Shareholders approved extension of business combination deadline from May 15 to Nov 15, 2023.
26.4M Class A shares redeemed at ~$10.38/share for ~$274.2M total.
After redemption, ~4.9M shares remain outstanding; trust account reduced to ~$37.3M.
Sponsor Blockchain Coinvestors Acquisition Sponsors I LLC holds 1.32M private placement units.
Filing amends prior 8-K to correct redemption price calculation and trust account withdrawals.

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: Amendment to memorandum and articles of association to extend business combination deadline from May 15, 2023 to November 15, 2023 (effective 2023-02-03).

Change: charter amendment
Effective: 2023-02-03

Exact text from the filing

On February 3, 2023, Blockchain Coinvestors Acquisition Corp. I (“ BCSA ”) held an extraordinary general meeting (the “ Shareholder Meeting ”) at which BCSA’s shareholders approved a proposal 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 (the “ Extension Amendment Proposal ”).

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.95

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

View on SEC.gov

Browse all governance changes →

Source: SEC EDGAR

accession 0001193125-23-035997

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.