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TechFlow, Aug 8 — According to Blockworks, Solana's Digital Asset Treasury (DAT), led by Joe McCann, has canceled its plan to go public via a special purpose acquisition company (SPAC). The entity, named Accelerate, had intended to raise up to $1.5 billion through a merger with Gores Holdings X, but is now pursuing alternative development paths, according to sources.
According to Blockworks, Solana's Digital Asset Treasury (DAT), led by Joe McCann, has canceled its plans to go public via a special purpose acquisition company (SPAC). The company had intended to raise up to $1.5 billion through a merger with Gores Holdings X, according to sources familiar with the matter. The financial entity named Accelerate is now exploring alternative development paths.
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