Adam Back’s BSTR scraps original SPAC terms, seeks new deal
The companies will not complete the transaction under the original July 2025 agreement and the shareholder vote has been postponed indefinitely.
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Summary
- BSTR and Cantor Equity Partners are negotiating revised merger terms after scrapping their original July 2025 merger agreement, citing changing market conditions.
- The planned PIPE financing has been dropped, and the July 10 shareholder meeting has been postponed indefinitely
- CEPO shares continue to trade around $10.50.
