The meeting was originally scheduled to be held on September 22, but will now be moved to Friday, October 27, 2023, at 11:30 a.m. Eastern Time. The SPAC is hoping to gain shareholder approval at the upcoming meeting to extend the date by which it must complete a deal from November 15 to May 15, 2024.
As a result of the postponement, the deadline for redemption requests has also been extended to October 25, 2023.
Blockchain Coinvestors I inked its $622 million deal with crypto fintech firm Qenta in November 2022. The Houston-based company has created a crypto investment and payments platform with its G-Coin backed by sustainably produced physical gold.