Foresight News reports that Bitcoin Standard Financial Company BSTR has announced that it has entered into a definitive business combination agreement with Cantor Equity Partners I, Inc. (NASDAQ: CEPO). Upon the completion of the merger, the combined company will trade under the ticker symbol 'BSTR'. BSTR will launch its balance sheet with 30,021 bitcoins and is expected to become the fourth largest publicly listed bitcoin treasury company in the world. It also plans to raise up to $1.5 billion in PIPE (Private Investment in Public Equity) financing, in addition to which the SPAC will contribute approximately $200 million based on shareholder redemption conditions.
CEPO is a special purpose acquisition company (SPAC) initiated by affiliates of Cantor Fitzgerald, a global leader in financial and real estate services.
