Adam Back's BSTR and Cantor-Affiliated SPAC Terminate Original Merger Agreement, Will Renegotiate Terms Based on Current Market Conditions

CoinFeed July 8 news, according to foreign media reports, Adam Back's Bitcoin investment company Bitcoin Standard Treasury Company (BSTR) and the Cantor Fitzgerald-backed SPAC Cantor Equity Partners I (CEPO) announced the termination of the original merger agreement signed in July 2025, and the two parties will renegotiate more reasonable transaction terms based on the current market environment. Affected by the sharp correction in Bitcoin prices and the stock prices of crypto treasury-related public companies, the transaction financing came under pressure. The two parties have canceled the PIPE financing arrangement related to the original merger, and CEPO's originally scheduled shareholders' meeting on July 10 has been postponed indefinitely. Redemption applications previously submitted by shareholders will be revoked, and shares will be automatically returned, requiring no action from investors.