Svmuu News: BSTR, a subsidiary of Adam Back’s Bitcoin, and Cantor Equity Partners I (CEPO) announced on July 8, 2026, thatthe two parties will no longer proceed with the transaction under the original merger agreement signed in July 2025, but will instead renegotiate new terms to better reflect current market conditions. At the same time, the private investment in public equity (PIPE) arrangement attached to the original merger agreement will no longer serve as a condition precedent to the completion of the transaction.
CEPO’s shareholder meeting, originally scheduled for July 10, has been postponed indefinitely; all redemption requests previously submitted will be canceled, and the relevant shares will be returned to investors.BSTR had initially planned to go public through this SPAC merger, at which point it would have held over 30,000 Bitcoin on its balance sheet and intended to raise up to $1.5 billion through a PIPE to increase its holdings of Bitcoin. (CoinDesk)