The SPAC listing plan for the Solana treasury company led by Joe McCann has been terminated

According to Ha Shi Chain news, the plan for the Solana digital asset treasury company led by Joe McCann to go public through a SPAC has been canceled. The company originally planned to raise up to $1.5 billion through a SPAC merger with Gores Holdings X, with McCann serving as co-founder and CEO. According to insiders, the reasons for the current cancellation of the deal have not been disclosed, and they may seek other listing channels in the future. Previously, McCann's hedge fund Asymmetric faced a nearly 80% loss in one year, as reported to investors. Last month, it was reported that the newly established Solana treasury company Accelerate plans to raise $1.5 billion, with Joe McCann serving as its CEO.