Linqto, Inc. (“Linqto” or the “Company”), a leading financial technology platform providing investors access to late-stage, privately held companies, today announced that given the Company’s current situation, it is exploring all options to protect its assets and maximize value for Linqto stakeholders. As part of this effort, the Board voted to appoint restructuring expert and consultant Jeremy Rosenthal as an independent Director effective immediately.
“We are very excited to have Jeremy Rosenthal join as an independent Director to the Linqto Board of Directors,” said Dan Siciliano, Chief Executive Officer of Linqto. “He will be a fantastic addition to our Board and brings decades of critical experience in helping companies navigate challenges, including operational and regulatory matters.”
In addition, over the past several weeks, the Company has taken the following actions to protect its assets and maximize value for stakeholders:
Mr. Siciliano continued, “Our regulatory and operational issues arose before I joined Linqto. We discovered potential securities laws violations that stretch back years and that were carried out at the expense of Linqto’s customers, and as a result, we’ve had to take the difficult step of shutting down the trading platform. Systematic and pervasive issues were left unaddressed, in some cases for years, and now require serious corrective action – which is urgently underway. We continue to believe in the market opportunity Linqto represents for our stakeholders and are taking the necessary steps to create a compliant path forward.”
About Jeremy Rosenthal
Jeremy Rosenthal, a Partner at Force 10 Partners, specializes in guiding companies through complex situations. He brings over 20 years of experience as a board member, executive, and advisor, effectuating operational turnarounds, restructurings, recapitalizations, and strategic transactions. He serves as an independent board member and executive for various companies. Jeremy holds a Juris Doctor degree (Order of the Coif) from UCLA Law School.
About Linqto
Linqto is a global investing platform enabling investors access to investments in private companies and unicorns. Linqto’s platform has provided investors with access to more than $460 million of investments across a range of sectors. For more details, visit www.linqto.com.
IMPORTANT LEGAL NOTICE AND DISCLOSURES:
This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.
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