Linqto Announces New Senior Executive Team

Linqto, a leading financial technology platform providing accredited investors access to late-stage, privately held companies, today announced key senior executive leadership changes and that the company is conducting an internal investigation into the business operations and regulatory compliance practices under prior executive leadership. These moves result from inquiries from regulators concerning the Company’s historical business and compliance practices.

The following new senior management changes are in effect:

• F. Daniel Siciliano, former Chief Executive Officer and Co-Founder of Nikkl, has been appointed Chief Executive Officer, replacing Bill Sarris, and has been appointed to the Board of Directors
• Sean Bowden, former Chief Executive Officer of Digital Asset Consultants LLC, has been appointed Chief Executive Officer of Linqto Capital
• Mike Huskins, former Chief Legal Officer and Co-Founder of Nikkl, has been appointed General Counsel of Linqto Capital
• Cathy Siciliano, former Chief Marketing Officer of Nikkl, has been appointed Chief Operating Officer
• Jesus Ancheta, former Chief Administrative Officer and Co-Founder of Nikkl, has been appointed Chief Administrative Officer

In connection with these executive officer changes, a number of additional prior senior executives have been removed from their roles and, in some cases, the Company has terminated their employment.

Dan Siciliano, Linqto’s newly appointed Chief Executive Officer, stated, “I am excited to be joining Linqto at this inflection moment in the Company’s history. Despite the urgent need to reset our approach to regulatory compliance, all of us on the new executive leadership team believe that Linqto has the promise to unlock real value - for investors, for issuers, for the marketplace of privately held companies, for the tech community and for the US economy. We believe we are fully prepared to tackle the challenges ahead and are energized to accomplish our goals. I want to reaffirm our belief that this business, its vision and its purpose are meaningful and differentiated in the marketplace.”

Mike Huskins, Linqto Capital’s newly appointed General Counsel, stated, “The regulatory issues left unresolved by prior management are critical to address immediately. When we do, we are confident we can deliver on our original mission in a manner that fully complies with all laws and regulations.”

New senior executive leadership has launched several internal investigations into the business operations and regulatory compliance issues, focusing primarily on matters subject to ongoing inquiries from regulators. The Company is taking these matters seriously. It has hired outside counsel, including Sullivan & Cromwell, LLP, to help navigate the regulatory landscape and coordinate the pending investigations. The Company is proactively communicating and cooperating with the regulators and is committed to working as expeditiously as possible to resolve these matters and chart a path forward for the Company.

Linqto continues to operate and host leading technology issuers on its platform. However, given the situation, the new senior executive leadership team has made the difficult decision to pause transactions on its platform until the compliance situation is clarified. Linqto plans to restore full functionality as soon as possible.

Mr. Siciliano concluded, “I believe that Linqto can continue to realize its vision of improving access to the private markets to our current and future clients.”

About Linqto

Linqto is a global investing platform enabling accredited investors to identify and invest in private companies and unicorns. With a growing community, Linqto’s platform has provided investors with access to more than $460 million investments across a range of sectors. For more details, visit www.linqto.com.

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.

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