Adam Back’s Bitcoin Standard Treasury Company is renegotiating the terms of its planned merger with Cantor Equity Partners. The companies abandoned their original July 2025 agreement and postponed a shareholder meeting indefinitely.
BSTR and Cantor Equity Partners I announced Wednesday they will not complete the transaction under the original business combination agreement. The firms are now discussing a revised structure and expect to provide further details in future U.S. Securities and Exchange Commission filings.
The previously announced private investment in public equity financing tied to the merger has been dropped. Cantor Equity Partners also postponed its shareholder meeting, originally set for July 10, with no new date provided. Any redemption requests already submitted will be cancelled automatically.
BSTR first unveiled the SPAC plans in July 2025. The company had aimed to list publicly with more than 30,000 Bitcoin on its balance sheet and raise up to $1.5 billion through the PIPE to acquire additional Bitcoin. CEPO shares continue to trade around $10.50.
