BSTR, led by Adam Back, and Cantor-affiliated SPAC terminate their original merger agreement and will renegotiate terms based on current market conditions.
PANewsJul 8, 2026
July 8th news, according to foreign media reports, Adam Back's Bitcoin investment company Bitcoin Standard Treasury Company (BSTR) and SPAC Cantor Equity Partners I (CEPO), backed by Cantor Fitzgerald, announced the termination of the original merger agreement signed in July 2025. Both parties will renegotiate more reasonable transaction terms based on the current market environment.The transaction financing is under pressure due to the significant pullback in Bitcoin prices and the stock prices of publicly traded crypto treasury companies.Both parties have canceled the PIPE financing arrangements related to the original merger. CEPO's shareholder meeting, originally scheduled for July 10th, has been indefinitely postponed. Redemption requests previously submitted by shareholders will be withdrawn, and shares will be automatically returned without requiring investor action.[PANews]
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BSTR, led by Adam Back, and Cantor-affiliated SPAC terminate their original merger agreement and will renegotiate terms based on current market conditions.
PANewsJul 8, 2026
July 8th news, according to foreign media reports, Adam Back's Bitcoin investment company Bitcoin Standard Treasury Company (BSTR) and SPAC Cantor Equity Partners I (CEPO), backed by Cantor Fitzgerald, announced the termination of the original merger agreement signed in July 2025. Both parties will renegotiate more reasonable transaction terms based on the current market environment.The transaction financing is under pressure due to the significant pullback in Bitcoin prices and the stock prices of publicly traded crypto treasury companies.Both parties have canceled the PIPE financing arrangements related to the original merger. CEPO's shareholder meeting, originally scheduled for July 10th, has been indefinitely postponed. Redemption requests previously submitted by shareholders will be withdrawn, and shares will be automatically returned without requiring investor action.[PANews]
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