SPAC company Mercer Park has reached a $3 billion business merger agreement with Cube, and the new company will allocate $500 million to acquire SOL.
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BlockBeats News, October 22nd, Special Purpose Acquisition Company (SPAC) Mercer Park Opportunities, listed on the Toronto Stock Exchange in Canada, announced that it has reached a $3 billion business merger agreement with the digital asset trading platform Cube Group. After the merger is completed, the new company will use stock as consideration and invest $500 million to acquire SOL tokens to establish a Solana treasury, optimizing fund management through staking rewards.
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