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The pipeline of blank-check mergers connecting digital-asset companies to public markets has faced revision pressure as conditions drifted from those that shaped many original deal terms.
Against that backdrop, Adam Back's BSTR and Cantor are now planning to change the structure of their SPAC merger, according to CoinDesk.
A deal in revision The CoinDesk report confirms BSTR and Cantor are reworking the merger's structure but offers no detail on which components are being renegotiated, what the revised terms will look like, or when a filing reflecting the new arrangement is expected.
Where the revision fits Crypto-linked SPAC transactions have broadly struggled to close on their original terms across the sector cycle.
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