Linqto Appoints Restructuring Expert Amid Strategic Review

Linqto, Inc., a leading fintech platform enabling access to late-stage private companies, announced today that it is actively exploring all strategic options to protect its assets and maximize stakeholder value. The company’s Board of Directors has appointed Jeremy Rosenthal, a restructuring expert, as an independent Director, effective immediately.

Leadership Strengthening with Jeremy Rosenthal:

Strategic Appointment: Jeremy Rosenthal brings decades of experience in operational and regulatory crisis management.
Board Reinforcement: His addition is expected to strengthen Linqto’s governance during a time of transition.

“Jeremy brings critical expertise to our board at a pivotal moment,” said Dan Siciliano, CEO of Linqto.

Company Actions to Address Challenges:

In response to ongoing operational and regulatory challenges, Linqto has initiated several key measures:

Engagement of Top Advisors: The company has retained expert consultants to guide management through strategic alternatives.
Operational Restructuring: Linqto has cut staff, streamlined operations, and reduced recurring expenses by nearly 70% compared to 2024 levels.
Regulatory Cooperation: The company continues to cooperate with the SEC’s Division of Enforcement as part of its corrective efforts.

Regulatory Issues and Platform Shutdown:

CEO Dan Siciliano, who joined after the emergence of critical issues, provided transparency into the company’s past:

Historical Violations: Siciliano cited longstanding securities law violations that harmed customers and predated his leadership.
Trading Platform Closure: These violations necessitated the shutdown of Linqto’s trading platform.
Commitment to Reform: Linqto is pursuing “serious corrective action” to regain compliance and restore trust.

“We believe in the long-term opportunity that Linqto represents and are taking necessary steps to build a compliant future,” Siciliano emphasized.

Linqto’s current restructuring and governance enhancements are critical steps in safeguarding its assets, repairing trust, and redefining its operational future. The company’s leadership remains committed to delivering long-term value for investors while addressing past regulatory shortcomings head-on.