Linqto, Inc., 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:
- Retained several world-class professionals to work with and advise the management team as the Company explores strategic alternatives;
- Restructured and reduced staffing, streamlined operations, and reduced overall recurring expenditures by nearly 70% relative to 2024 levels; and
- Continued to cooperate with the Division of Enforcement of the Securities and Exchange Commission.
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.”
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