Mercer Park and Cube reach merger agreement and plan to acquire SOL for $500 million

Mercer Park Opportunities, a special purpose acquisition company listed on the Toronto Stock Exchange in Canada, announced it has reached a $300 million business merger agreement with digital asset exchange Cube Group. Upon completion of the merger, the new company will acquire $500 million in SOL tokens in exchange for stock to establish the Solana treasury and optimize fund management through staking income. (Newswire)