BlockFi Moves to Go Public

BlockFi Moves to Go Public

BlockFi Moves to Go Public

BlockFi is making moves to go public.

The crypto lender said Monday it intends to confidentially file a draft registration statement with the U.S. Securities and Exchange Commission (SEC). Doing so would be the first formal step in the long bureaucratic slog toward listing its stock on public markets.

The S-1 announcement came in tandem with official confirmation of BlockFi’s $100 million settlement with state and federal investments regulators.

BlockFi cooperated with the government’s investigation and implemented remediation actions, according to an SEC press release. Both the SEC and state-level agreements contain no admission or denial of wrongdoing or liability.

Read more: BlockFi Will Hisse $100M in Settlement With SEC, State Regulators Over High-Yield Accounts: Report

This is a developing story and will be updated.

Click to rate this post!
[Total: 0 Average: 0]

Join Our Newsletter

Sign up for free now and be the first to know about new updates.

Write a Comment