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BSTR and Cantor Equity Partners call off original SPAC terms, delay BSTR listing again


BSTR and Cantor Equity Partners call off original SPAC terms, delay BSTR listing again

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Adam Back’s Bitcoin Standard Treasury Company (BSTR) and Cantor Equity Partners I (NASDAQ: CEPO) have scrapped the terms of their year-old merger and postponed a shareholder vote indefinitely, restarting negotiations over how the bitcoin treasury firm goes public. The delay halts the planned public listing and fundraising pathway for BSTR, creating investor uncertainty and potentially slowing capital inflows and adoption of the bitcoin treasury strategy.

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Adam Back’s Bitcoin Standard Treasury Company (BSTR) and Cantor Equity Partners I (NASDAQ: CEPO) have scrapped the terms of their year-old merger on Wednesday and postponed a shareholder vote indefinitely, restarting negotiations on how the Bitcoin treasury firm goes public. Cantor Equity Partners I (CEPO) has said its BSTR deal will not close on the...
Read the article at CryptoPolitan

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In This News

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$ 64.18K

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