secwatch.observer — SEC 8-K summary
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Issuer:     Blockchain Coinvestors Acquisition Corp. I (—)
CIK:        0001873441
Form:       8-K/A
Filed at:   2023-02-13T23:59:59+00:00
Accession:  0001193125-23-035997
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 8.01, 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1873441/000119312523035997/0001193125-23-035997-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1873441/000119312523035997/d418908d8ka.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-035997

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer