C1 Fund Inc., a newly established closed-end investment company, filed a registration statement with the U.S. Securities and Exchange Commission (SEC) on November 12, planning to raise $100 million through an initial public offering (IPO). The fund plans to invest at least 80% of its total assets in equity and equity-linked securities of companies primarily engaged in the digital asset services and technology fields, and intends to achieve its investment objective by investing in a portfolio of 30 top digital asset services and technology companies identified by the fund.
It is reported that C1 Fund is headquartered in Palo Alto, California, and Dr. Najamul Kidwai serves as co-founder, president and CEO. The fund plans to be listed on the New York Stock Exchange and will be advised by C1 Advisors LLC, also in Palo Alto. Dr. Kidwai said that the fund aims to provide institutional and retail investors with the opportunity to invest in the world's leading digital asset services and technology companies and achieve investment goals by maximizing total returns. The registration statement has not yet taken effect, and the relevant stock issuance is subject to SEC review. (Businesswire) #SEC