---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-031672"
form_type: "8-K"
ticker: null
cik: "0001873441"
company_name: "Blockchain Coinvestors Acquisition Corp. I"
filed_at: "2024-04-10T23:59:59+00:00"
generated_at: "2026-06-04T00:36:31.584437+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# BCSA (BCS) to acquire Linqto at $700M enterprise value via SPAC merger

## Summary
- Enterprise value of Linqto ~$700M; Linqto shareholders to receive newly issued BCSA shares.
- Deal expected to close H2 2024; BCSA will redomesticate from Cayman Islands to Delaware.
- Sponsor agrees to forfeit all private placement units and hold ≤4M New Linqto shares post-close.
- If deal terminates, Linqto must pay BCSA a $5M termination fee within 30 days.
- Transaction requires approvals from BCSA shareholders, Linqto shareholders, Nasdaq, and FINRA.

## SEC filing metadata
- accession: 0001213900-24-031672
- form_type: 8-K
- cik: 0001873441
- company_name: Blockchain Coinvestors Acquisition Corp. I
- filed_at: 2024-04-10T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1873441/000121390024031672/0001213900-24-031672-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1873441/000121390024031672/ea0203593-8k425_block1.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-031672
- JSON: https://secwatch.observer/filing/0001213900-24-031672.json
- Plain text: https://secwatch.observer/filing/0001213900-24-031672.txt

## Key facts
- Material Agreements
  Blockchain Coinvestors Acquisition Corp. I entered into Business Combination Agreement with Linqto, Inc. valued at approximately $700 million (effective 2024-04-09).
  - Action: entry
  - Agreement: merger
  - Counterparty: Linqto, Inc.
  - Value: approximately $700 million
  - Effective: 2024-04-09
  source text: On April 9, 2024, Blockchain Coinvestors Acquisition Corp. I, a Cayman Islands exempted company (“ BCSA ”), entered into a Business Combination Agreement (the “ Business Combination Agreement ”), by and among BCSA, BCSA Merger Sub I, Inc., a Delaware corporation (“ Merger Sub ”), and Linqto, Inc., a Delaware corporation (“ Linqto ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1873441/000121390024031672/0001213900-24-031672-index.htm

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