Cantor Equity Partners I pushed its merger vote with BSTR Holdings to July 2 from June 26, citing a previously disclosed private placement amid pressure on crypto treasury valuations.
Cantor Fitzgerald-affiliated Cantor Equity Partners I Inc. delayed its shareholder vote on a merger with Adam Back-backed digital asset treasury company BSTR Holdings Inc. to July 2 from June 26. The statement tied the postponement to a previously disclosed private placement. The deal has attracted attention as crypto price declines, weaker public-market valuations for digital asset treasury companies and dilution concerns weigh on investor sentiment toward listed corporate vehicles designed to provide exposure to digital assets.