Cantor Equity Partners Iii, Inc. shares rise 1.65% premarket after announcing a merger with Bitcoin Standard Treasury Company.

Cantor Equity Partners Iii, Inc. rose 1.65% in premarket trading, with the company announcing a definitive agreement for a business combination with BSTR Holdings, Inc. The merger will allow Bitcoin Standard Treasury Company to go public through a SPAC deal, with the combined company expected to trade under the ticker symbol 'BSTR.' The transaction is expected to close in the fourth quarter of 2025, with net proceeds to be used to acquire additional Bitcoin and build a suite of Bitcoin-native capital-markets products and advisory services.