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