Insider: Solana Treasury Firm Accelerate’s Public Listing Has Been Canceled

According to a report by Jinse Finance, three sources familiar with the matter revealed that the SPAC listing deal for Solana treasury company Accelerate, led by Joe McCann (originally named as such), has been canceled. The specific circumstances remain unclear, and it was noted that the company may seek alternative paths forward. The reasons for the failure of this deal have not been immediately disclosed. Previous reports indicated that the company had planned to go public and raise up to $1.5 billion through a merger with Gores Holdings X to form a special purpose acquisition company (SPAC).