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

CoinFeed June 25 news, according to Bloomberg, the merger vote between Cantor Fitzgerald affiliate Cantor Equity Partners I Inc. and Adam Back’s digital asset treasury company BSTR Holdings Inc. has been postponed from June 26 to July 2. A statement indicated that the delay is related to a previously disclosed private placement by Cantor Equity Partners. The transaction has drawn significant attention as cryptocurrency price declines have sharply shrunk the public market valuation of digital asset treasury companies, raising concerns about shareholder dilution. Cantor Equity Partners is a special purpose acquisition company that announced its merger with BSTR in July last year.