Reported 22 days ago
Linqto, a private investment platform allowing access to shares of private companies, has filed for bankruptcy, citing issues related to alleged violations of securities laws and challenges in its corporate structure. The decision follows months of scrutiny from the SEC and highlights the risks associated with investing in less regulated private markets. Linqto suspended operations in March due to non-compliance and aims to preserve asset value through Chapter 11 bankruptcy, with a potential financing commitment of $60 million.
Source: YAHOO