---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-066727"
form_type: "8-K"
ticker: "CEPO"
cik: "0002027708"
company_name: "Cantor Equity Partners I, Inc."
filed_at: "2025-07-22T23:59:59+00:00"
generated_at: "2026-05-18T04:37:16.610511+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "medium"
source: SEC EDGAR
---

# CEPO enters bitcoin-linked de-SPAC merger with BSTR Newco, raises $500M in convertible notes

## Summary
- De-SPAC: CEPO merges with BSTR Newco; Seller gets Pubco shares based on 25,000 * Bitcoin price / $10.00.
- $500M aggregate principal of 1.00% convertible senior secured notes due 5 yrs, plus $250M options.
- $30M of 7.00% perpetual convertible preferred stock placed at $85/share.
- Sponsor forfeits 50% of Class B shares; one-year lock-up on Seller shares.

## SEC filing metadata
- accession: 0001213900-25-066727
- form_type: 8-K
- ticker: CEPO
- cik: 0002027708
- company_name: Cantor Equity Partners I, Inc.
- filed_at: 2025-07-22T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: medium
- sec_items: 1.01, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2027708/000121390025066727/0001213900-25-066727-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2027708/000121390025066727/ea0249774-8k425_cantor1.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-066727
- JSON: https://secwatch.observer/filing/0001213900-25-066727.json
- Plain text: https://secwatch.observer/filing/0001213900-25-066727.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.