Proposed SPAC Merger for Joe McCann-Led Solana Financial Firm Has Been Terminated

Foresight News reports, according to Blockworks, that sources have revealed the proposed SPAC listing deal for the Solana financial firm led by Joe McCann has been canceled. The DAT company was originally set to be named Accelerate.

Previous reports indicated that the company planned to raise up to $1.5 billion, with Accelerate intending to go public through a special purpose acquisition company (SPAC) by partnering with Gores Holdings X, a blank check company.