According to Bloomberg, the SPAC backed by Cantor Fitzgerald and BSTR, Adam Back’s Bitcoin reserve company, have abandoned their original merger agreement and are renegotiating revised terms. Cantor Equity Partners I Inc. and BSTR Holdings stated that they will no longer proceed with the transaction under the agreement signed last year and will develop revised terms reflecting current market conditions; no financial details or timeline for the new deal have been disclosed.
BSTR and Cantor Fitzgerald-backed SPAC abandons original merger deal, negotiating revised terms
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Summary
Cantor Equity Partners I Inc., a SPAC backed by Cantor Fitzgerald, and BSTR, Adam Back’s Bitcoin reserve firm, have abandoned their original merger agreement and are now negotiating revised terms. Both parties confirmed they will not proceed with last year’s deal, choosing instead to pursue new terms that better align with current market conditions. Financial details and timing for the new arrangement have not been disclosed. This development follows ongoing shifts in Bitcoin market news.
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