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Blockchain Coinvestors Acquisition Corp. I *

Blockchain Coinvestors Acquisition Corp. I *

Aug 26, 2021 by Anthony Sozzi

LIQUIDATION – 10/31/24 – LINK

  • The Company anticipates the last day of trading in the Class A ordinary shares will be November 12, 2024.
    • The per-share redemption price will be approximately $11.39

The below-announced combination was terminated on 9/30/24.  It will remain on the page for reference purposes only. Once a new combination is announced it will be added to the top of the page.

  • Linqto agreed to pay BCSA a termination fee of $5.0 million promptly but no later than 30 days following the termination date.

PROPOSED BUSINESS COMBINATION: Linqto, Inc. [Terminated]

ENTERPRISE VALUE: $700 million
ANTICIPATED SYMBOL: tbd

Blockchain Coinvestors Acquisition Corp. I proposes to combine with Linqto, Inc.

Linqto is a leading global financial technology investment platform allowing accredited investors to identify, evaluate, and make liquid investments in the world’s leading unicorns and private companies. Individual investors worldwide have used Linqto’s platform to make over US $390 million in private investments in over 60 innovative, mid-to-late-stage, VC-backed tech companies in a diverse range of sectors, including fintech, artificial intelligence software and chips, space tech, blockchain, health tech, sustainable materials, and autonomous vehicles. With a rapidly growing community of more than 750,000 users in 110 countries, Linqto is a leader in democratizing access to private markets.

EXTENSION – 5/15/24 – LINK

  • The SPAC approved the extensions from May 15, 2024, to November 15, 2024.
    • No contribution to trust was made.
    • 533,146 shares were redeemed for approximately $11.18/share

SUBSEQUENT EVENT – 5/1/24 – LINK

  • The SPAC intends to enter into one or more non-redemption agreements with unaffiliated investors.
  • Pursuant to the Non-Redemption Agreements, each investor would agree not to redeem some number of Public Shares, and in exchange for that commitment, the Sponsor would agree to transfer 30,000 Class A Shares for every 150,000 Non-Redeemed Shares.
    • The Sponsor signed Non-Redemption Agreements in respect of 1,473,746 Non-Redeemed Shares, and due to the Extension being approved at the Shareholders Meeting (as described below), the Sponsor has agreed to transfer to the holders of the Non-Redeemed Shares an aggregate of 294,749 of its Class A ordinary shares upon consummation of BCSA’s initial business combination. – LINK

TRANSACTION

  • Linqto’s current outstanding common equity will be canceled, and its shareholders will receive in exchange newly issued shares of BCSA at an implied enterprise value of approximately $700 million, subject to certain adjustments.
  • The special committee and board of directors BCSA and the board of directors of Linqto have both unanimously approved the Transaction, which BCSA and Linqto expect to close in the second half of 2024.

SPAC FUNDING

  • There is no additional financing for this transaction.

SPONSOR SUPPORT AGREEMENT

  • (i) forfeit to BCSA for no consideration, immediately prior to the effective time of the Business Combination,
    • (x) all private placement units held by Sponsor (including the BCSA Shares and warrants underlying the private placement units), and
    • (y) a number of BCSA Shares held by the Sponsor such that the Sponsor will hold no more than 4,000,000 New Linqto Shares at the Closing Date; and
  • (ii) if BCSA’s total liabilities at the closing of the Business Combination exceed $12,500,000 at the Closing Date, to pay the amount of that excess.

LOCK-UP

  • Company and Sponsor
    • Within 30 days following the date of the Business Combination Agreement, BCSA will enter into a lock-up agreement with each of Sponsor, certain directors and officers of BCSA and certain shareholders of Linqto.

NOTABLE CONDITIONS TO CLOSING

  • The Transaction will require the approval of the shareholders of both Linqto and BCSA and is subject to other customary closing conditions identified in the business combination agreement.
  • The minimum cash closing condition is not mentioned.

NOTABLE CONDITIONS TO TERMINATION

  • The outside date is not mentioned.
  • Each of the Company and Linqto may terminate the Business Combination Agreement at any time for any reason.
  • If the Business Combination Agreement is validly terminated, none of the parties to the Business Combination Agreement will have any liability or any further obligation under the Business Combination Agreement, except in the case of fraud and for customary obligations that survive the termination thereof (such as confidentiality obligations). In the event of any termination of the Business Combination Agreement, Linqto will pay BCSA a termination fee of $5,000,000 no later than 30 days following the termination of the Business Combination Agreement.

ADVISORS

  • Company
    • Lowenstein Sandler LLP are acting as legal counsel
  • SPAC
    • Seward & Kissel LLP are acting as legal counsel.
    • Cohen & Company Capital Markets is serving as Capital Markets Advisor

The below-announced combination was terminated on 11/9/23.  It will remain on the page for reference purposes only. Once a new combination is announced it will be added to the top of the page.

PROPOSED BUSINESS COMBINATION: Qenta Inc. [Terminated]

ENTERPRISE VALUE: $622 million
ANTICIPATED SYMBOL: tbd

Blockchain Coinvestors Acquisition Corp. I proposes to combine with Qenta Inc., a global company that elevates the world’s citizens and businesses through its frictionless, accessible, secure, and compliant financial ecosystem. With a vision to digitize all the world’s assets and transactions, Qenta started with a focus on the precious metals sector.

  • By introducing digitized Responsible Gold™, and multiple recognitions for ESG, innovation, and Shariah compliance, Qenta brought gold into the digital age as an efficient store of value and gave it true utility as a medium of exchange.
  • Today Qenta operates through three integrated segments: Qenta Digital Assets, offering provenance, custody, and ownership tracking of precious metals; Qenta Payments, with newly launched alternative banking and payment applications; and Qenta Capital & Risk Management, offering specialized hedging products and margin financing for soft commodities and precious metals.
  • Headquartered in Houston, Texas, Qenta has offices and operations on 5 continents and more than 400 employees.
  • It offers the highest level of security and compliance and is governed by financial authorizations in Brazil, Dubai, Ghana, India, Luxembourg, Switzerland, and the US.

EXTENSION – 11/2/23 – LINK

  • The SPAC approved the extensions from November 15, 2023 to May 15, 2024.
    • No contribution to trust was made.
    • 1,481,477 shares were redeemed for approximately $10.82/share

SUBSEQUENT EVENT – 10/16/23 – LINK

  • The SPAC entered into a non-redemption agreement with several unaffiliated third parties. The Sponsor has agreed to transfer to such investors an aggregate of 30,000 ordinary shares of BCSA held by the Sponsor per 200,000 Non-Redeemed Shares.

SUBSEQUENT EVENT – 8/30/23 – LINK

  • Amendment to Sponsor Letter Agreement
    • The Sponsor agrees to transfer and assign up to 3,178,000 of its Class B ordinary shares of BCSA (or Class A ordinary shares if converted) and 1,322,000 of its private placement units of BCSA.
      • This transfer is contingent upon the closing of transactions as per the Business Combination Agreement and is related to a financing transaction between Qenta and other financing parties.
    • The shares and units will be transferred to either the financing parties or Qenta, as designated by Qenta.
      • However, all recipients of these shares or units must sign a lockup agreement concerning these securities.
      • The amendment became effective on August 22, 2023.

EXTENSION – 2/7/23 – LINK

  • The SPAC approved the extensions from May 15, 2023 to November 15, 2023.
    • No contribution to trust was made.
    • 26,406,729 shares were redeemed for approximately $10.38/share

SUBSEQUENT EVENT – 1/24/23 – LINK

  • On January 23, 2023, Blockchain Coinvestors Acquisition Sponsors I LLC, the sponsor of Blockchain Coinvestors Acquisition Corp. I, entered into one or more agreements with unaffiliated investors in exchange for an agreement not to redeem Class A ordinary shares of BCSA sold in its initial public offering at the special meeting called by BCSA to approve an extension of time for the Company to consummate an initial business combination from May 15, 2023 to November 15, 2023.
    • The Sponsor has agreed to transfer to such investors an aggregate of 75,000 Class B ordinary shares of BCSA held by the Sponsor per 350,000 Non-Redeemed Shares immediately following consummation of an initial business combination if the investors continue to hold the Non-Redeemed Shares through the Meeting and the Extension is approved and effectuated.
    • The Non-Redemption Agreements are not expected to increase the likelihood that the Extension Proposal is approved by shareholders but will increase the amount of funds that remain in BCSA’s trust account following the Meeting.

TRANSACTION

  • The Transaction includes an implied combined pro forma total enterprise value of approximately $622 million, assuming no shareholder redemptions.
  • Further, assuming a share price of $10.00 per share, the combined company is expected to have an initial market capitalization of approximately $904 million.
  • Upon the closing of the Transaction, and assuming none of BCSA’s public shareholders elect to redeem their shares,
    • The current stockholders of Qenta are expected to own approximately 54% of the combined company,
    • BCSA’s public stockholders are expected to own 33% of the combined company, and
    • BCSA’s sponsor is expected to own 13% of the combined company.

PIPE

  • There is no PIPE for this Transaction

LOCK-UP

Sponsor & Company:

  • BCSA, BCSA Sponsor, the directors and officers of BCSA, and certain shareholders of Qenta entered into a lock-up agreement, pursuant to which, among other things:
    • such holders agreed not to effect any Transfer of shares of common stock of New Qenta for a period of 180 days (and 60 days for smaller Qenta shareholders) following the closing of the Business Combination.

FORWARD PURCHASE AGREEMENT

  • BCSA entered into a Confirmation, with Vellar Opportunity Fund SPV LLC – Series 5 (the “FPA Seller”), a client of Cohen & Company Financial Management, LLC.
  • Entities and funds managed by Cohen own equity interests in the Sponsor.
  • The FPA Seller intends, but is not obligated, to purchase after the date of the BCSA redemption deadline through a broker in the open market BCSA Class A ordinary shares, including such shares that holders had elected to redeem, other than from BCSA or affiliates of BCSA, and
  • The FPA Seller has agreed to waive any redemption rights in connection with the Business Combination with respect to such BCSA Class A Ordinary Shares it purchases in accordance with the Forward Purchase Agreement.
  • The Number of Shares shall equal the Subject Shares but shall be no more than 12,000,000 Shares.
  • The FPA Seller has agreed to not beneficially own more than 9.9% of the New Qenta Common Stock on a post-combination pro forma basis.
  • The Forward Purchase Agreement provides that
    • (a) one business day following the closing of the Business Combination, New Qenta will pay to the FPA Seller, out of the funds held in BCSA’s trust account, an amount (the “Prepayment Amount”) equal to the Redemption Price per share multiplied by the aggregate number of Subject Shares, if any, less 10% (the “Shortfall Amount”) on the date of such prepayment.
    • New Qenta will also deliver the FPA Seller an amount equal to the product of 500,000 multiplied by the Redemption Price to repay the FPA Seller for having purchased up to an additional 500,000 BCSA Class A Ordinary Shares, which shall not be included in the Number of Shares or the Terminated Shares.
  • From time to time and on any scheduled trading day after the closing of the Business Combination, the FPA Seller may sell Subject Shares or Additional Shares at its absolute discretion in one or more transactions, publicly or privately, and, in connection with such sales, terminate the Forward Purchase Transaction in whole or in part in an amount corresponding to the number of Subject Shares and Additional Shares.
  • At the end of each calendar month during which any such early termination occurs, the FPA Seller will pay to the Company an amount equal to the product of
    • (x) the Terminated Shares and
    • (y) the Reset Price, where “Reset Price” refers to, initially, the Redemption Price.
  • The Reset Price will be adjusted on the first scheduled trading day of each month commencing on the first calendar month following the closing of the Business Combination to be the lowest of:
    • (a) the then-current Reset Price,
    • (b) $10.00 and
    • (c) the VWAP Price of the last 10 scheduled trading days of the prior calendar month, but not lower than $5.00; provided, however, that if the Company offers and sells shares of New Qenta Common Stock in a follow-on offering, or series of related offerings, at a price lower than, or upon any conversion or exchange price of currently outstanding or future issuances of any securities convertible or exchangeable for shares of New Qenta Common Stock being equal to a price lower than, the then-current Reset Price (the “Offering Price”), then the Reset Price shall be further reduced to equal the Offering Price.
  • The payment of the Reset Price will not apply to sales of the Subject Shares or Additional Shares that provide proceeds to cover the FPA Sellers for the Shortfall Amount.
  • The Forward Purchase Agreement has a tenure of 36 months (“Maturity Date”), after which time New Qenta will be required to purchase from the FPA Seller such number of shares equal to the Maximum Number of Shares less the Terminated Shares for consideration, settled in cash or New Qenta Common Stock, equal to the Maturity Consideration, which is the amount of
    • (a) in the case of cash, the product of the Maximum Number of Shares less the Terminated Shares and $1.75 and
    • (b) in the case of New Qenta Common Stock, such number of New Qenta Common Stock with a value equal to the product of the Maximum Number of Shares less the Terminated Shares and $1.75 divided by the VWAP Price of the Shares for the 30 trading days prior to the Maturity Date.
    • In certain circumstances, the Maturity Date may be accelerated, as described in the Forward Purchase Agreement.
  • BCSA and Qenta have agreed to pay to the FPA Seller a break-up fee equal to the sum of:
    • (i) all fees (in an amount not to exceed $75,000), plus
    • (ii) $350,000, if BCSA or Qenta terminate the Forward Purchase Agreement prior to the FPA Sellers purchasing shares under the agreement, other than because the Business Combination did not close or Class A Ordinary Share redemptions were less than 80%.

NOTABLE CONDITIONS TO CLOSING

  • The obligation of BCSA and Qenta to consummate the Business Combination is subject to certain closing conditions including BCSA having at least $5,000,001 of net tangible assets.

NOTABLE CONDITIONS TO TERMINATION

  • The Business Combination Agreement may be terminated by either BCSA or Qenta if the Business Combination is not consummated by 11:59 P.M. (pacific time) on November 10, 2023.
  • By either BCSA or Qenta, if any governmental entity of competent jurisdiction shall have issued an order permanently enjoining or prohibiting the Merger or the Domestication and such order shall have become final and nonappealable

ADVISORS

  • Perkins Coie LLP is acting as legal counsel to BCSA.
  • Pillsbury Winthrop Shaw Pittman LLP is acting as legal counsel to BCSA.

MANAGEMENT & BOARD

Executive Officers

Matthew Le Merle, 59
Managing Director, Chair of the Board of Directors

He and Ms. Davis founded and have managed Blockchain Coinvestors since inception and have participated in, advised and sourced opportunities in internet, fintech and blockchain for over 20 years. Mr. Le Merle has served as a Manager of the General Partner and the Investment Manager of Blockchain Coinvestors since its founding. Mr. Le Merle has also served as Managing Partner of Fifth Era, LLC since 2014 and Keiretsu Capital Blockchain Fund Manager, LLC since January 2018, two of the most active early-stage venture managers backing over 300 companies. Mr. Le Merle and Ms. Davis co-wrote the book “Blockchain Competitive Advantage.” Mr. Le Merle is Chair of Concept Art House, Securitize (Europe), Universal Protocol Alliance and Vice Chair of SFOX. He is also currently serving as an advisor to a number of teams including the Trident Acquisitions Corp. SPAC and EC Assets Acquisition Corporation. His board work has included holding Chairman or Non-Executive Director roles in 15 public and private companies. Prior to these roles, Mr. Le Merle held several roles as a strategy, operations and corporate finance advisor to Fortune 500 CEOs, boards and executive teams with McKinsey & Company, as well as A.T. Kearney and Monitor Group, where he led both firms’ West Coast practices and at Booz & Company where he co-led the global digital practice. Mr. Le Merle also served as a corporate executive of Gap Inc., where he was SVP Strategy and Corporate Development and SVP Gap Global Marketing. Mr. Le Merle received his B.A. (Double First) and Masters from Christ Church, Oxford, and an MBA from Stanford Graduate School of Business. Mr. Le Merle is currently married to Alison Davis, one of our Managing Directors.

Lou Kerner, 59
Managing Director, Chief Executive Officer, Director

He held his first bitcoin webinar in 2013, followed by his first encrypted (or “crypto”) digital currency-related venture capital investment in 2014 as the Manager of the Social Internet Fund. He began focusing full-time on investing in crypto in 2017 as a Founding Partner at CryptoOracle. Mr. Kerner has written more than 200 blog posts on crypto, and has been ranked among the most influential cryptocurrency bloggers on Medium since 2017. Since 2020, he has served as Head Crypto Analyst for Quantum Economics, a digital advisory firm. Mr. Kerner regularly keynotes major crypto industry events, and often appears in the media discussing crypto-related topics. He started CryptoMondays, one of the largest crypto-focused groups on Meetup, with chapters in more than 50 cities around the world. At CryptoMondays, Mr. Kerner has held fireside chats with numerous crypto industry luminaries. Mr. Kerner has been an advisor to Blockchain Coinvestors since 2019, and has served as Manager of the Blockchain Coinvestor syndicate on AngelList since 2020. Mr. Kerner launched The Social Internet (VC) Fund in 2012, where he invested in the private rounds of future public companies including Palantir, LiveRamp and FireEye. Mr. Kerner also served as Chief Executive Officer of Force Protection Video Equipment (d.b.a. BIGToken) from February 2020 through May 2021. In 2015 he joined Flight Ventures where he focused on investing in Israel-based technology companies. Mr. Kerner also has significant public company experience as an equity analyst, beginning his career at Merrill Lynch (1994-1996), before spending four years (1996-2000) at Goldman Sachs following cable and satellite companies. After Wall Street, Mr. Kerner served as the Chief Executive Officer the .tv Corporation, which was acquired by Verisign. That was followed by his role as Chief Executive Officer of Bolt Media, the largest social media company before MySpace. Mr. Kerner has advised other blockchain-related companies including Casper Labs (since 2019), Props (since 2019), Silver Castle (since 2019), and Bancor (since 2020). Mr. Kerner received his BA in economics from University of California, Los Angeles and an MBA from Stanford University Graduate School of Business.

Alison Davis, 59
Managing Director

She and Mr. Le Merle founded and have managed Blockchain Coinvestors since inception and have participated in, advised and sourced opportunities in internet, fintech and blockchain for over 20 years. Ms. Davis has served as a Manager of the General Partner and the Investment Manager of Blockchain Coinvestors since its founding. Additionally, Ms. Davis has served as a Managing Partner of Fifth Era, LLC since 2014 and Keiretsu Capital Blockchain Fund Manager, LLC since January 2018. Ms. Davis and Mr. Le Merle co-wrote the book “Blockchain Competitive Advantage.” Ms. Davis has served as a director of Collibra since October 2019, Fiserv since November 2014, Janus Henderson Group since February 2021 and SVB Financial Group (parent of Silicon Valley Bank) since May 2020. She is the Chair of the Advisory Board for Blockchain Capital LLC, and an advisor to Bitwise Asset Management Inc. Previously, Ms. Davis served as a director of City National Bank, Diamond Foods, First Data Corporation, Ooma Inc., Royal Bank of Scotland (now NatWest Group), Unisys Corporation, and Xoom Corporation and was the Chair of LECG Corporation. She has also been a director of multiple private companies. Ms. Davis was previously the Managing Partner of Belvedere Capital Partners LLC, a regulated bank holding company and private equity firm focused on investing in U.S. banks and financial services firms where she worked closely with the Federal Reserve, the OCC, the FDIC and various state banking regulators. Earlier in her career, Ms. Davis served as the Chief Financial Officer of Barclays Global Investors Corp. (now BlackRock Inc.). She also spent 14 years as a strategy consultant and advisor to Fortune 500 CEOs, boards and executive teams with McKinsey & Company, and as a practice leader with A.T. Kearney where she built and led the global Financial Services Practice. Ms. Davis is also active in the community supporting non-profits and social enterprises as a board director, fundraiser and volunteer. She has been named a “Most Influential Women in Business” multiple times by the San Francisco Business Times. Ms. Davis received a B.A. Honors and a Master’s in Economics from Cambridge University in England, and an MBA from the Stanford Graduate School of Business after completing the first-year at Harvard University. Ms. Davis is currently married to Matthew C. Le Merle, one of our Managing Directors and Chair of our board of directors.

Mitch Mechigian, 27 [Appointed 12/3/21]
Chief Financial Officer

Previously, Mr. Mechigian held various positions at Morgan Stanley from July 2016 through September 2019. Mr. Mechigian received his Masters of Sciences from the London School of Economics and Political Science and B.A. in mathematics and economics from Washington University in St. Louis.

Board of Directors

Gary Cookhorn, 62
Director

Mr. Cookhorn is an experienced finance and investment industry professional. His career has spanned finance, strategy, and operations in both the private and public sector. Mr. Cookhorn is currently a member of Health2047 Capital Partners, a venture capital firm focused on investing in U.S.-based, healthcare startups, including those with promising artificial intelligence, data connectivity and other technology-related solutions. He is involved in all aspects of management of the business, including fund-raising, investing and operational matters. He helped to set up and subsequently became a member of Health2047 Capital Partners after joining Health2047 Inc., a healthcare focused incubator owned by the American Medical Association, where he served as Chief Financial Officer. Before joining Health2047 Inc., Mr. Cookhorn was a managing director at Fortress Investment Group (“Fortress”), a highly diversified global investment management firm, now owned by Softbank. At Fortress, Mr. Cookhorn was involved in client-relationship management and several special projects, including helping to establish Pantera Capital, a blockchain-related investment firm. Earlier in his career, Mr. Cookhorn worked as Finance chief at the New York headquarters of UNFPA, a division of the United Nations Development Programme and later headed the World Bank’s Loan Services Group in Washington, D.C., where he was responsible for financial operations and client services relating to the World Bank’s loan portfolio. He helped establish a major operational center for the bank in Chennai, India. Mr. Cookhorn is an active personal investor and was a pre-IPO investor in Palantir (NYSE: PLTR), amongst other investments. Mr. Cookhorn sits on the advisory board of BizWorld and the board of Accountability Counsel, two non-profit organizations in the San Francisco Bay Area. Mr. Cookhorn received his M.B.A. from the Wharton School of Business at the University of Pennsylvania and a B.Sc. in Chemistry from Kings College, University of London.

Rebecca Macieira-Kaufmann, 57
Director

Ms. Macieira-Kaufmann is a seasoned CEO with broad leadership experience in sales, marketing, risk management, and international business operations. She draws on deep expertise in the financial services industry and has a demonstrated track record of leading highly successful business turnarounds, scaling new businesses, and expanding operations globally. She is the founding member of the RMK Group, LLC, an advisory and consulting service focused on fintech, digital currency and payment systems, which was formed in June 2020. Previously, she served in various senior leadership roles at Citibank from 2008 until June 2020 and at Wells Fargo from 1996 until 2008. Ms. Macieira-Kaufmann has served as non-executive director of Revolut USA, a global financial technology company, since October 2020, and previously served as a chair of the board of Banamex USA/Servicing Inc. from April 2016 to March 2020 and as a director since 2013. She also has served on the advisory board of DigitalDX Ventures, a majority women-owned impact fund focused on leveraging AI and big data to solve global health issues, since February 2021, as an advisor to Notabene, a privacy-preserving compliance platform for digital currency companies, since December 2020, and the Growth Advisory Council of Duco, which provides data management for financial services firms, since September 2020. In addition, Ms. Macieira-Kaufmann serves as Vice Chair Audit of the San Francisco Symphony Board of Governors and as a director of the Jewish Senior Living Group. Ms. Macieira-Kaufmann receive her B.A. in semiotics from Brown University and an MBA from Stanford Graduate School of Business, and was a Fulbright Scholar at the University of Helsinki.

Colin Wiel, 55
Director

Mr. Wiel is an engineer, inventor, and entrepreneur. He is currently Co-Founder and Chairman at Mynd Management, a technology focused real estate management company serving the small residential rental sector. He served as Chief Technology Officer from May 2016 until November 2020. Prior to founding Mynd Management, Mr. Wiel was a Co-Founder and Managing Director of Waypoint Homes, Inc., a pioneer in scaling single family rentals that went public on NYSE as Starwood Waypoint Residential Trust (NYSE: SWAY). Mr. Wiel oversaw acquisitions, technology and fundraising for the company. Prior to founding Waypoint Homes, Mr. Wiel founded and sold an e-commerce software engineering firm, and provided Java software consulting services for Hewlett Packard, Oracle and Netscape. Mr. Wiel has been a successful investor in a variety of asset classes including real estate, public markets, venture capital and angel investments. In 2005, Mr. Wiel founded the San Francisco chapter of Keiretsu Forum, the nation’s largest angel investor group. Notable technical achievements include designing an antilock braking system for commercial aircraft for Boeing (two US patents issued). Mr. Wiel also has a passion for biodiversity conservation and has helped launch two companies dedicated to land conservation: the Mamoni 100 and Wildlife Works Carbon. He currently serves as a director for Wildlife Works Carbon and is also the Chairman of Rainforest Capital Management. Mr. Wiel was the founder and Chief Executive Officer of ecoReserve, and previously served on their board of directors. Mr. Wiel was named one of Goldman Sachs’ Top 100 Most Innovative Entrepreneurs and was awarded the Ernst & Young Entrepreneur of the Year. Mr. Wiel received his B.S. in Mechanical Engineering from the University of California, Berkeley.

 

ByAnthony Sozzi