TechFlow news — C1 Fund Inc., a closed-end investment company, filed a registration statement with the U.S. Securities and Exchange Commission (SEC) on November 12, aiming to raise $100 million through an initial public offering (IPO). The fund intends to allocate at least 80% of its total assets to equity and equity-linked securities of companies in the digital asset services and technology sector, with a focus on the top 30 leading firms in this field.
Headquartered in Palo Alto, California, C1 Fund was co-founded by Dr. Najamul Kidwai, who serves as President and Chief Executive Officer. The fund plans to list on the New York Stock Exchange and will be advised by C1 Advisors LLC, also based in Palo Alto.
Dr. Kidwai stated that the fund aims to provide institutional and retail investors with access to globally leading digital asset services and technology companies, seeking to maximize total return as its investment objective. The registration statement has not yet become effective, and the offering of shares will not commence until the SEC completes its review process.
