Merger Vote Between Adam Back’s BSTR and Cantor SPAC Postponed to July 2

PANews June 25 news, according to Bloomberg, the merger vote between Cantor Equity Partners I Inc., an affiliate of Cantor Fitzgerald, and BSTR Holdings Inc., a digital asset treasury company backed by Adam Back, has been postponed from June 26 to July 2. A statement noted that the delay is related to a private placement previously disclosed by Cantor Equity Partners. The deal had already drawn significant attention because the decline in cryptocurrency prices caused the public market valuation of the digital asset treasury company to shrink sharply, raising concerns about shareholder dilution. Cantor Equity Partners is a special purpose acquisition company that announced its merger with BSTR last July.

Share to:

Author: PA一线

This content is for market information only and is not investment advice.

Follow PANews official accounts, navigate bull and bear markets together
PANews APP
Bithumb fined $151,000 for transferring user data overseas without consent
PANews Newsflash