(Updates to add Cantor Fitzgerald's response in the third paragraph.)
Cantor Equity Partners I (CEPO), a blank check company associated with Cantor Fitzgerald, told some large investors of its proposed merger with BSTR Holdings that they could provide about a third of their initial commitment, Bloomberg reported Friday, citing a document reviewed by the media outlet.
With cryptocurrency prices currently declining, the deal is becoming complicated as the deadline for a shareholder vote approaches next week, the report said, adding that the Cantor-BSTR merger was announced almost a year ago when crypto market was in the midst of a bull run.
Cantor Fitzgerald declined to comment when contacted by.
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Price: $10.57, Change: $+0.03, Percent Change: +0.28%