TechFlow News, July 8. According to CoinDesk, Bitcoin Standard Treasury Company (BSTR) and Cantor Equity Partners I (CEPO) announced on July 8, 2026, that both parties will no longer proceed with the transaction in accordance with the original merger agreement signed in July 2025, but will instead renegotiate on new terms to better reflect the current market environment. Meanwhile, the private investment in public equity (PIPE) arrangement attached to the original merger agreement will also no longer serve as a precondition for the completion of the transaction.
CEPO's shareholder meeting originally scheduled for July 10 has been postponed indefinitely, all redemption requests submitted previously will be cancelled, and relevant shares will be returned to investors. BSTR initially planned to go public through this SPAC merger, at which time it would hold over 30,000 bitcoins on its balance sheet, and intended to raise up to $1.5 billion through PIPE financing to increase its bitcoin holdings.
