Adam Back’s Bitcoin treasury company and a Cantor Fitzgerald-backed blank-check firm say they are revisiting the terms of a planned SPAC merger. Bloomberg reports that Cantor Equity Partners I and Back’s Bitcoin investment company have scrapped the original deal terms and will negotiate a revised agreement. The companies point to a more challenging market environment for crypto-related treasury companies, which has affected expectations for the merger.
Cointelegraph similarly reports that the Bitcoin Standard Treasury Company, which is associated with Adam Back, and Cantor Equity Partners I are reviewing amendments to the merger agreement. Cointelegraph says the parties want the deal to “better reflected market conditions,” without detailing specific revised financial or structural provisions.
Both accounts indicate the merger is still being discussed but under updated negotiations rather than the originally agreed terms. No final outcome or timeline for concluding a revised deal is provided in either report.
