Adam Back's bitcoin treasury firm scraps SPAC merger, seeks new deal
BSTR and Cantor Equity Partners will not complete their merger under the original July 2025 agreement, with the shareholder meeting postponed indefinitely.
AI Summary
BSTR and Cantor Equity Partners have abandoned their original July 2025 merger agreement and are renegotiating a revised structure to reflect current market conditions. The previously planned PIPE financing has been dropped, and the July 10 shareholder meeting has been postponed indefinitely, with redemption requests cancelled. CEPO shares continue to trade around $10.50.