---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-035997"
form_type: "8-K/A"
ticker: null
cik: "0001873441"
company_name: "Blockchain Coinvestors Acquisition Corp. I"
filed_at: "2023-02-13T23:59:59+00:00"
generated_at: "2026-06-19T16:50:44.184863+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-035997
- form_type: 8-K/A
- cik: 0001873441
- company_name: Blockchain Coinvestors Acquisition Corp. I
- filed_at: 2023-02-13T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 5.03, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1873441/000119312523035997/0001193125-23-035997-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1873441/000119312523035997/d418908d8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-035997
- JSON: https://secwatch.observer/filing/0001193125-23-035997.json
- Plain text: https://secwatch.observer/filing/0001193125-23-035997.txt

## Key facts
- Governance Changes
  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
  source text: 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 ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1873441/000119312523035997/0001193125-23-035997-index.htm
- Shareholder Votes
  Blockchain Coinvestors Acquisition Corp. I shareholders approved Extension Amendment Proposal.
  - Outcome: passed
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1873441/000119312523035997/0001193125-23-035997-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.