Court Conditionally Approves Disclosure Statement

Clear Roadmap for Recovery for Customers and Timely Emergence from Bankruptcy

Linqto, Inc. today announced that Judge Alfredo Perez of the U.S. Bankruptcy Court for the Southern District of Texas set a confirmation hearing date of January 28, 2026 in the Linqto Chapter 11 bankruptcy proceedings. Also in today’s hearing, the Disclosure Statement was conditionally approved. The proposed Disclosure Statement and the Company’s Plan of Reorganization, drafted with the support of the Unsecured Creditors Committee (UCC), provide a detailed and comprehensive roadmap for recovery for customers, timely emergence from bankruptcy, and reflect the best path forward to maximize recovery for customers and creditors.

Highlights of the proposed Plan of Reorganization and Disclosure Statement include:

• Provide customers the choice of two recovery options: a closed-end fund and a liquidating trust, and the opportunity to allocate a percentage of assets to each vehicle;
• Provide unsecured creditors, shareholders and customers holding deficiency claims (claims not satisfied by either of the two other options) a path to recovery by pursuing claims and causes of action through the wind-down trust (formerly called the litigation trust);
• A general finding of no wrongdoing and release of claims against current management, but not former management; and
• Establish the timeline for confirmation of the plan and emergence from bankruptcy.

“Today’s scheduling of the confirmation hearing represents a major step forward for Linqto customers, creditors and other stakeholders. We are grateful for the collaboration with the Unsecured Creditors Committee to get to this stage in the process,” said Dan Siciliano, CEO of Linqto. “Our actions and decisions have been governed by three principles: emerge from bankruptcy quickly and cost-effectively, return as much as possible to those who have suffered at the hands of prior management’s fraudulent behavior, and honor the original intent of democratizing private equity investing for individual investors. We think the Plan of Reorganization and related Disclosure Statement, drafted with the support of the UCC, achieves these goals.”

“We fought for a Plan that provided a choice between the closed-end fund and liquidating trust but also allowed the opportunity for customers to allocate a percentage of their assets to either vehicle. The work of the Special Subcommittee of the Board – focused on determining which parties are responsible for the fraud and for securing additional funds from these responsible parties – will potentially increase the recovery for all stakeholders.”

A hearing to review the Plan of Reorganization and Disclosure Statement will be held on January 28, 2026, and all customers and creditors will have the opportunity to raise objections in Court. The current timeline is to present the options to customers for a vote by the end of December 2025 and seek approval of the Plan of Reorganization on January 28, 2026.

The complete Plan of Reorganization and relation Disclosure Statement can be found on the Epiq website at Docket 1064.

About Linqto

Linqto is a global investing platform designed to give accredited investors indirect 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.

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“Today’s scheduling of the confirmation hearing represents a major step forward for Linqto customers, creditors and other stakeholders." -- Dan Siciliano, CEO of Linqto