BLOCKCHAIN COINVESTORS ACQUISITION CORP. I ANNOUNCES LIQUIDATION AND DISSOLUTION OF THE COMPANY [Yahoo! Finance]
Blockchain Coinvestors Acquisition Corp. I - Unit (BCSAU)
Company Research
Source: Yahoo! Finance
I (Nasdaq: BCSA) ("BCSA" or the "Company"), a blank-check company formed for the purpose of acquiring or merging with one or more businesses, today announced that it will redeem all of its outstanding Class A ordinary shares (the "Public Shares") issued as part of the Company's public units that were issued in connection with its initial public offering because the Company will not complete an initial business combination within the time period required by its Amended and Restated Memorandum and Articles of Association (the "Charter"). Pursuant to the Charter, if the Company does not complete its initial business combination by November 15, 2024 , the Company will: (i) cease all operations except for the purpose of winding up; (ii) as promptly as reasonably possible but not more than ten business days thereafter, redeem the Public Shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Company's trust account, including interest earned on
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