According to Foresight News, Bitcoin Standard Financial Company BSTR announced that it has reached a final business merger agreement with Cantor Equity Partners I, Inc. (NASDAQ: CEPO). After the merger is completed, the merged company will be listed with the stock code "BSTR". BSTR will launch its balance sheet with 30,021 bitcoins, expected to become the fourth-largest listed bitcoin treasury company globally. It also plans to obtain up to $1.5 billion in PIPE financing, and additionally, the SPAC will contribute approximately $200 million depending on shareholder redemption.
CEPO is a Special Purpose Acquisition Company (SPAC) initiated by an affiliate of Cantor Fitzgerald, a global leading financial and real estate services holding company.
