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Insiders: The listing of Solana's treasury company Accelerate has been canceled.
According to a report by Jinse Finance and three informed sources, the listing of the Solana treasury company Accelerate, led by Joe McCann (originally named), through a SPAC has been canceled. The specific situation is still unclear, and it is noted that they may try to find different ways forward. The reasons for the failure of this transaction have not been immediately announced. Earlier reports indicated that the company originally planned to go public and raise up to $1.5 billion by forming a special purpose acquisition company (SPAC) with Gores Holdings X.