Latest news with #Linqto
Yahoo
31-05-2025
- Business
- Yahoo
Investors Mobilize to ‘Free Linqto' Amid Concerns of Mismanagement
Investment Platform's Users' Accounts Have Been Frozen Since February LAS VEGAS, May 31, 2025 (GLOBE NEWSWIRE) -- Concerned customers of the investment platform Linqto have joined together to demand answers from the tech company's new management, which has suspended operations and frozen users' accounts since February of this year. 'The recent actions taken by Linqto's new management raise serious questions,' said Rob Cunningham, founder of newly formed consumer advocacy group Free Linqto and longtime Linqto customer. 'Users' accounts have been frozen since February 27, the company's operating reserves have been drained, and the platform has effectively ceased normal operations,' Cunningham continued. 'At best, this is the result of a series of misguided and bad decisions; at worst, it represents an intentional effort to drive the platform into insolvency.' Renowned blockchain and AI visionary Steven Nerayoff, Esq. LL.M has joined the effort, lending both strategic guidance and legal firepower to the growing movement. 'When platforms mishandle investor trust, it's not just bad business — it undermines the future of decentralized finance,' Nerayoff said. Linqto is an investment platform that provides retail investors access to the private equity market. More than 11,000 Linqto customers collectively hold approximately 3% equity in Ripple Labs — a global blockchain leader founded by early architects of the XRP Ledger and active in advancing blockchain innovation since 2012.'Linqto is an amazing company that has democratized the private equity market,' noted Cunningham. 'We created Free Linqto to ensure the platform's long-term health and continued success. We would welcome the opportunity to work with new management to protect Linqto and its more than 14,000 customers, however we are examining all our options. We welcome other customers of the company to join us. For more information and to register, go to CONTACT: Contact: Rob Cunningham freelinqto@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
22-05-2025
- Business
- Yahoo
Jeremy Rosenthal Appointed as Independent Director to Linqto Board
Linqto to Explore Options to Maximize Value for All Stakeholders SAN JOSE, Calif., May 22, 2025--(BUSINESS WIRE)--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: 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." 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 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. View source version on Contacts Linqto Investor Relationsmedia@ Media Contacts Elliot Sloane, ThroughCo Communicationsesloane@ 917-291-0833 Katie Russo, ThroughCo Communicationskrusso@ 501-282-5069 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
22-05-2025
- Business
- Business Wire
Jeremy Rosenthal Appointed as Independent Director to Linqto Board
SAN JOSE, Calif.--(BUSINESS WIRE)--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. Share '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.' 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 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.
