10:25 AM EDT, 07/17/2025 (MT Newswires) -- Cantor Equity Partners I ( CEPO ) , a special purpose acquisition company backed by Cantor Fitzgerald, will merge with BSTR Holdings to form a public company trading under the symbol "BSTR," BSTR Holdings said Thursday.

The deal includes a financing package of up to $1.5 billion in fiat, plus 5,021 Bitcoin contributed through in-kind investments by long-time Bitcoin holders, it added.

The fiat financing includes $400 million in common equity priced at $10 per share, and $500 million in convertible senior notes with a $250 million option, convertible at $13 per share, according to the company.

BSTR's founders will also contribute 25,000 Bitcoin, managed by Blockstream Capital Partners, the company added.

The company said that it plans to use the proceeds to acquire more Bitcoin and develop Bitcoin-native financial products and advisory services for institutions and governments.

Both companies' boards have approved the merger, which is expected to close in Q4 pending shareholder and regulatory approvals, the company's statement added.

Cantor Equity Partners I's ( CEPO ) shares were down nearly 9% in recent trading.

Price: 13.95, Change: -1.29, Percent Change: -8.46