Cantor Equity Partners (CEPO) has postponed the shareholder vote on its proposed merger with Bitcoin treasury company Bitcoin Standard Treasury (BSTR) from June 26 to July 2, citing matters related to CEPO’s disclosed private placement.
According to Foresight News, the change was reported by Bloomberg.
Earlier, Foresight News reported that SEC filings showed CEPO had issued a 424B3 prospectus and proxy statement to advance the business combination with BSTR. CEPO’s shareholder meeting had been scheduled for June 26, when shareholders were set to vote on whether to approve the transaction.
If the merger is completed, the new company is expected to list on Nasdaq under the ticker BSTR.