Solana digital asset treasury company terminates SPAC listing plan originally aimed to raise 1.5 billion USD.

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[Chain News] On August 8, it was reported that the SPAC listing plan led by Joe McCann for the Solana digital asset treasury company has been halted. The company originally planned to raise up to $1.5 billion through a merger with Gores Holdings X's SPAC, with McCann serving as co-founder and CEO. According to sources, the reason for the current cancellation of the transaction has not been disclosed, and they may seek other listing paths in the future. Previously, McCann's hedge fund Asymmetric had an LP disclose a nearly 80% loss this year.

Last month it was reported that the new Solana treasury company Accelerate plans to raise $1.5 billion, and Joe McCann will serve as CEO.

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Deconstructionistvip
· 23h ago
It's not easy to play people for suckers' money.
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SeasonedInvestorvip
· 23h ago
Suckers will never be slaves
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MevHuntervip
· 23h ago
The capital chain is broken, right?
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DegenDreamervip
· 23h ago
Looks like you're going to break up due to losses.
View OriginalReply0
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