Cantor Equity and BSTR Scrap SPAC Merger After Repeated Delays

On July 8, 2026, Cantor Equity Partners I and Bitcoin Standard Treasury Company (BSTR) scrapped their original SPAC merger terms and postponed the July 10 shareholder meeting indefinitely. The deal, first announced in 2025, had faced multiple postponements from an initial June 26 vote to July 2 and then July 10 due to ongoing private placement negotiations. BSTR had planned to list on Nasdaq with 30,021 BTC and up to $1.5 billion in PIPE financing to acquire roughly 23,500 additional BTC. The collapse of the original financing and reversal of redemptions highlight execution challenges amid weak bitcoin treasury valuations.