Linqto Receives Court Confirmation of Reorganization Plan and Sets Stage for Emergence from Chapter 11 Bankruptcy Protection in Coming Weeks

Confirmed Plan Received Overwhelming Support from 95% of Linqto Customers Who Cast Ballots

SAN JOSE, Calif. & HOUSTON--(BUSINESS WIRE)--Linqto, Inc. today announced that the Company’s Plan of Reorganization (“the Plan”) was confirmed by the United States Bankruptcy Court for the Southern District of Texas. With this approval in place, the Company expects the Plan to be effective and to emerge from Chapter 11 as soon as practicable.

Last week, Linqto announced that customers overwhelmingly voted to approve the Company’s Chapter 11 bankruptcy plan, with more than 95% of the customers who cast ballots voting to approve the plan. According to the court-approved preliminary Disclosure Statement, which laid out the voting procedures, customers were asked to vote “yes” or “no” on the overall plan and then those who voted were subsequently given a choice to select how to allocate their claim between a Liquidating Trust, a Closed-End Fund, or a combination of both options.

On January 13, 2026, the Company announced that VanEck was selected to be the manager of the Closed-End Fund, and Forge Global, Inc. was chosen as the Liquidating Trustee of the Liquidating Trust.

“Today’s confirmation approval brings us closer to the successful conclusion of our in-court process,” said Dan Siciliano, Linqto Chief Executive Officer. “Among complex bankruptcies, in our case prompted by prior management’s regulatory violations and alleged fraud, this Chapter 11 is likely to be one of the fastest and most successful reorganizations in history because it will give customers a recovery of about 95% of the current fair market value of their original investment." Siciliano also noted, “I am especially grateful for the successful partnership and leadership of the Official Committee of Unsecured Creditors and their professionals, John Deaton, as well as other stakeholders who worked collaboratively to achieve this very positive outcome for customers in record time.”

After the Plan effective date, Linqto creditors will be contacted by either Forge, VanEck or both, regarding their allocation to the Liquidating Trust and Closed-End Fund. Creditors will be able to change their allocation from the Liquidating Trust to the Closed-End Fund before the Closed-End Fund launches.

About Linqto

Linqto is a global investing platform designed to give accredited investors direct access to investments in private companies and unicorns. Linqto’s platform has historically provided customers with access to a range of pre-IPO companies. For more details, visit www.linqto.com.