## Accelerate's SPAC Listing Canceled After SOL Investment Accelerate's plans to go public via a Special Purpose Acquisition Company (SPAC) have reportedly fallen through, according to Blockworks sources. This development follows Accelerate's recent announcement of a strategic investment in Solana (SOL). The company, which recently appointed Joe McCann, founder of crypto hedge fund Asymmetric, as its CEO, was pursuing a SPAC listing with Gores Holdings X. However, the deal has now been terminated. ## SPAC Deal Termination Details The specific reasons for the cancellation remain unclear. Neither Accelerate nor Gores Holdings X have released an official statement detailing the cause of the failed SPAC merger. Requests for comment from McCann's side have gone unanswered. Accelerate had previously announced its intention to raise $1.51 billion in funding, signaling its ambitious growth plans in the digital asset space. The collapse of the SPAC deal raises questions about the company's future funding strategy. ```