Restructuring Path and a $60M Lifeline
To fund its Chapter 11 journey, Linqto has secured a $60 million debtor-in-possession (DIP) loan from Sandton Capital Partners LP. The infusion is intended to stabilize operations, resolve pending claims, and navigate what could be a long and thorny restructuring.
Meanwhile, federal authorities are circling. Stein stated the company is fully committed to cooperating with regulators and cleaning up its legal and structural missteps before even considering relaunching its investment platform.
Legal Firepower and Court Proceedings
The case has landed on the docket of U.S. Bankruptcy Judge Alfredo R. Perez. Linqto is being represented by attorneys Gabrielle A. Hamm, Veronica A. Polnick, Renee D. Wells, Athanasios E. Agelakopoulos, and Samuel A. Schwartz of Schwartz PLLC.
A company spokesperson declined further comment on the filing.
What remains of Linqto’s promise to democratize access to private capital markets now lies in the hands of bankruptcy courts, federal regulators—and perhaps, the very investors it may have misled.
