Cantor-backed bitcoin SPAC to allow investors to reduce commitments - report
Cantor Equity Partners I (CEPO), a bitcoin-backed SPAC, is allowing investors to reduce their investment commitments by approximately one-third due to Bitcoin's 44% price drop over the past year. The SPAC, which plans to merge with BSTR Holdings, postponed its shareholder vote and may amend transaction terms as the value of its planned BTC holdings has significantly declined.
