Blockchain Coinvestors I (BCSA) Postpones Extension Vote to October 27

Blockchain Coinvestors I (NASDAQ:BCSA) announced this afternoon that it is postponing its special meeting to extend its timeline to complete its business combination.

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.