- Cantor Equity Partners I, Inc. (CEPO) entered into a **Business Combination Agreement** with BSTR Holdings, Inc. (Pubco) and other entities on **July 16, 2025**.  **[2027708_0001213900-25-081868_ea0255098-8k425_cantor1.htm:1]** 
- In connection with this Business Combination, BSTR has entered into agreements to raise **$1.3 billion** in total fiat financing, which includes **$575 million** of convertible debt, **$300 million** of convertible preferred stock, and **$400 million** of fiat common equity.  **[2027708_0001213900-25-081868_ea025509801ex99-1_cantor1.htm:8]** 
- Additionally, BSTR has secured agreements to raise **5,021 Bitcoin** through an in-kind equity private placement.  **[2027708_0001213900-25-081868_ea025509801ex99-1_cantor1.htm:8]** 
- The proceeds from these financings are intended to facilitate the purchase of Bitcoin, cover future convertible interest expenses, and for general corporate purposes.  **[2027708_0001213900-25-081868_ea025509801ex99-1_cantor1.htm:13]** **[2027708_0001213900-25-081868_ea025509801ex99-1_cantor1.htm:14]**

CEPO Announces Business Combination and Significant Private Placements

- Cantor Equity Partners I, Inc. (CEPO) announced that on **August 25, 2025**, it entered into **August Preferred Stock Subscription Agreements** with investors to purchase approximately **0.48 million shares** of Preferred Stock for approximately **$41.05 million** at **$85.00 per share**.  **[2027708_0001213900-25-080126_ea0254340-8k425_cantor1.htm:3]** 
- As of **August 18, 2025**, July Convertible Notes Investors exercised options to acquire an additional **$34.87 million** and **$9.323 million** in Convertible Notes, and approximately **2.217 million shares** of Preferred Stock for approximately **$188.5 million**.  **[2027708_0001213900-25-080126_ea0254340-8k425_cantor1.htm:4]** 
- These transactions are in connection with the previously announced **Business Combination Agreement** entered into on **July 16, 2025**, which will result in Pubco becoming a publicly traded company.  **[2027708_0001213900-25-080126_ea025434001ex10-1_cantor1.htm:0]** **[2027708_0001213900-25-080126_ea0254340-8k425_cantor1.htm:1]** 
- Other related private placements include the **July Convertible Notes PIPE** for **$500 million**, the **August Convertible Notes PIPE** for **$30.5 million**, the **Common Equity PIPE** for **$400 million**, and the **July Preferred Stock Private Placement** for **$25.5 million**.  **[2027708_0001213900-25-080126_ea025434001ex10-1_cantor1.htm:1]** **[2027708_0001213900-25-080126_ea0254340-8k425_cantor1.htm:1]** **[2027708_0001213900-25-080126_ea0254340-8k425_cantor1.htm:2]**

Cantor Equity Partners I (CEPO)