Blockchain Coinvestors Acquisition Corp. I (BCSA) 8-K/AAmendments to Articles of Incorporation or Bylaws

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K/A

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): February 3, 2023

BLOCKCHAIN COINVESTORS ACQUISITION CORP. I

(Exact name of registrant as specified in its charter)

PO Box 1093, Boundary Hall

Cricket Square, Grand Cayman

KY1-1102, Cayman Islands

(Address of principal executive offices, including zip code)

(345) 814-5726

Registrant’s telephone number, including area code

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:

Securities registered pursuant to Section 12(b) of the Act:

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

EXPLANATORY NOTE

This Current Report on Form 8-K/A is being filed to amend the Current Report on Form 8-K dated February 3, 2023 and filed on February 7, 2023 (the “Form 8-K”) to update the disclosure in Item 8.01 to reflect the final recalculation of the redemption price per share and amount withdrawn from the trust account and other clarifying matters. There were no other changes to the Form 8-K.

On February 3, 2023, Blockchain Coinvestors Acquisition Corp. I (“BCSA”) held an extraordinary general meeting (the “Shareholder Meeting”) at which BCSA’s shareholders approved a proposal to amend BCSA’s amended and restated memorandum and articles of association (the “Memorandum and Articles of Association”) to extend the date by which BCSA has to consummate a business combination from May 15, 2023 to November 15, 2023 (the “Extension Amendment Proposal”). The Extension Amendment Proposal is described in more detail in BCSA’s definitive proxy statement filed with the U.S. Securities and Exchange Commission on December 29, 2022 (the “Proxy Statement”). The final voting results for the Extension Amendment Proposal are indicated below.

The foregoing description is qualified in its entirety by reference to the amendment to the Memorandum and Articles of Association, a copy of which is attached to this Current Report on Form 8-K (this “Current Report”) as Exhibit 3.1 and is incorporated by reference herein.

The information disclosed under Item 5.03 of this Current Report is incorporated by reference into this Item 5.07.

At the Shareholder Meeting, there were 36,700,307 ordinary shares of BCSA present in person, virtually over the internet or represented by proxy, representing 88.82% of the outstanding ordinary shares of BCSA as of December 28, 2022, the record date for the Shareholder Meeting, and constituting a quorum for the transaction of business. The shareholders approved the Extension Amendment Proposal and the voting results for the proposal were as follows:

Extension Amendment Proposal

As there were sufficient votes to approve the Extension Amendment Proposal, the “Adjournment Proposal” described in the Proxy Statement was not presented to shareholders.

The information disclosed under Item 5.03 and Item 5.07 of this Current Report is incorporated by reference into this Item 8.01.

In connection with the vote to approve the Extension Amendment Proposal, holders of 26,406,729 Class A ordinary shares of BCSA exercised their right to redeem their shares for cash at a redemption price of approximately $10.38 per share, for an aggregate redemption amount of approximately $274.2 million. As a result, approximately $274.2 million will be removed from the trust account established by BCSA in connection with its initial public offering to redeem such shares and 4,915,271 Class A ordinary shares of BCSA will remain outstanding after the redemption has been effected, including 1,322,000 shares underlying the private placement units which BCSA’s Sponsor, Blockchain Coinvestors Acquisition Sponsors I LLC, purchased in a private placement concurrently with the consummation of the initial public offering. Upon payment of the redemption, approximately $37.3 million will remain in the trust account.

(d) Exhibits.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.