Dan Siciliano

CEO

Lonergan Partners is pleased to announce that F. Daniel Siciliano has been named President and Chief Executive Officer of Linqto, a global investing platform enabling accredited investors to identify and invest in private companies and unicorns. This appointment was the result of a global search process led by Partners Mark Lonergan and Kirsten Settle

About Dan

Dan is a successful technology entrepreneur, an independent director on the board of the Federal Home Loan Bank of San Francisco, and a recognized expert in corporate strategy and governance, capital financial markets, technological disruption (including fintech, AI and cybersecurity), and executive compensation.

Dan co-founded and was CEO of Nikkl, a fintech start-up that helps individuals and companies access and deploy capital to optimize returns in previously inefficient markets. Prior, he was co-founder, chief executive officer, and executive chair of LawLogix Group, Inc., a privately held software technology company from 2000 to October 2015.

Dan is a Stanford Law School fellow (CodeX) and co-founder of Stanford’s Rock Center for Corporate Governance. He has previously served as professor of the practice of law, faculty director of the Rock Center for Corporate Governance, and associate dean for executive education and special programs at Stanford Law School, Stanford, California. Dan is the chair of the board of both the American Immigration Council and the Silicon Valley Directors’ Exchange, and serves on the board and as chair of audit for the Latino Corporate Directors Education Foundation.

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.

New Team Investigating Business and Regulatory Compliance Practices Under Prior Executive Leadership

Linqto, a leading financial technology platform providing accredited investors access to late-stage, privately held companies, has 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.

In addition to the appointment of new CEO Dan Siciliano, the following new senior management changes are in effect:

• 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.

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.

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.

Dan Siciliano, CEO, Linqto

Dan is the perfect person to become the next CEO at Linqto. Dan combines successful CEO experience with a legal background and a world class understanding of Securities laws and regulations. He and his team will reinvent venture investing at Linqto, offering venture company investment opportunities to ordinary Americans.

Mark Lonergan, Founder & Managing Partner, Lonergan Partners

Dan is one of the most gifted leaders in Technology today He is a former company Founder, an experienced CEO and a globally-admired legal expert in the world of Financial Markets and their regulation. We are excited to see Dan and his team join with Linqto. Together, they will redefine the world’s private equity markets.

Kirsten Settle, Partner, Lonergan Partners