Linqto, a global investment platform designed to provide accredited investors indirect access to investments in private companies and unicorn, has deposited for Chapter 11.
The procedure involved Linqto, Inc., along with Linqto Texas LLC, Linqto Liquidshares LLC and Linqto Liquidshares Manager LLC (collectively, “linqto”).
Linqto has testified for voluntary procedures of Chapter 11 in the US bankruptcy court for the southern area of Texas.
“After careful evaluation of Linqto alternatives, the Board of Directors decided that the search for the court’s restructuring was in the interests of all Linqto customers to maintain, protect and maximize the value of Linqto’s assets for the benefit of his parties,” said Dan Siciliano.
“Linqto cannot continue to operate under existing conditions without restructuring. To be treated only and effectively through restructuring.
“When the new management team was hired at the beginning of 2025, we made it clear that there could be no way forward to maintaining the value of customers’ interests without restoring the alleged legislation on the organization of laws, while prior management and non -formation of the law. Siciliano.
Linqto has submitted ordinary moves with the court to seek a variety of “first day” relief, including power to continue paying basic salaries and benefits of workers, including traditional reorganized relief. Linqto expects to obtain approval from the court for these requests.
Linqto has hired bankruptcy and restructuring of veteran Jeffrey S. Stein, chief executive of Breakpoint Partners LLC, as head of restructuring official.