TechFlow news, October 22 — According to Newswire, special purpose acquisition company Mercer Park Opportunities Corp. announced a definitive business combination agreement with Cube Group, Inc., an innovative enterprise operating a hybrid digital asset exchange. The transaction values Cube at $300 million and is expected to create a publicly listed entity aimed at transforming global capital markets by bridging traditional finance and decentralized finance.
Under the terms of the agreement, Mercer Park will acquire Cube through a business combination, making Cube a wholly-owned subsidiary of the combined company. One condition for completing the transaction is that the post-combination company will use shares to purchase $500 million worth of Solana (SOL) tokens for its treasury. This treasury acquisition aims to optimize treasury management through staking yields.
