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Adam Back's BSTR Scraps SPAC Merger After Failing to Secure $1.5B in Financing
Adam Back's BSTR scraps its Cantor SPAC merger after failing to raise $1.5B as Bitcoin's 50% drop kills institutional appetite.
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coindesk.com
Adam Back's BSTR and Cantor to revise SPAC merger structure
BSTR and Cantor Equity Partners will not complete their merger under the original July 2025 agreement, with the shareholder postponed indefinitely.
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cryptobriefing.com
Cantor Fitzgerald-backed SPAC and Adam Back's Bitcoin firm scrap original merger terms, start fresh negotiations
Cantor Equity Partners and Adam Back's Bitcoin Standard Treasury Company scrap their original $4 billion merger terms and begin fresh negotiations.
