BCSA extends deadline to Nov 15 after vote; 533K shares redeemed, sponsor transfers 295K shares

Blockchain Coinvestors Acquisition Corp. I

Shareholders approved extension of business combination deadline from May 15 to Nov 15, 2024; ~11.86M for, ~315K against.
533,146 Public Shares redeemed for ~$5.96M (~$11.18/share) from trust; ~12.9M Class A shares outstanding.
Sponsor entered non-redemption agreements on 1,473,746 shares, agreeing to transfer 294,749 sponsor shares upon business combination.

item 1.01 item 5.03 item 5.07 item 1.07 item 8.01 item 9.01

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: Extended the date by which the company must consummate a business combination from May 15, 2024 to November 15, 2024 via a third amendment to the memorandum and articles of association (effective 2024-05-10).

Change: charter amendment
Effective: 2024-05-10

Exact text from the filing

to extend the date by which BCSA must consummate a business combination from May 15, 2024 to November 15, 2024, or such earlier date as may be determined by BCSA’s board of directors in its sole discretion

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Blockchain Coinvestors Acquisition Corp. I entered into Non-Redemption Agreements with unaffiliated investors holding Class A ordinary shares of BCSA valued at Sponsor to transfer 30,000 Class A ordinary shares for every 150,000 Non-Redeemed Shares upon consum (effective 2024-05-10).

Action: entry
Counterparty: unaffiliated investors holding Class A ordinary shares of BCSA
Value: Sponsor to transfer 30,000 Class A ordinary shares for every 150,000 Non-Redeemed Shares upon consum
Effective: 2024-05-10

Exact text from the filing

On or before May 10, 2024, Blockchain Coinvestors Acquisition Sponsors I LLC (the “ Sponsor ”), the sponsor of Blockchain Coinvestors Acquisition Corp. I (“ BCSA ”), entered into one or more non-redemption agreements (the “ Non-Redemption Agreements ”) with unaffiliated investors holding Class A ordinary shares of BCSA that BCSA sold in its initial public offering (the “ Public Shares ”).

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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 was as follows: Ordinary Shares Votes For Ordinary Shares Votes Against Ordinary Shares Abstentions 11,863,372 315,415 0

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259 governance changes filed in the last 30 days. Browse all governance changes →

Source: SEC EDGAR

accession 0001213900-24-043571

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