Aug. 28 at 6:47 AM
$CEPO x BSTR — What to watch next
• Next catalyst: Initial S-4 filing (full terms, pro forma, dilution, BTC custody).
• Then: SEC comment rounds → S-4 effective → record date + vote → redemption tally → Nasdaq approval → close.
• Recent filing: 8-K/425 (Aug 25)—preferred option exercises (~2.217M shares; ~
$188.5M gross) and confirmation S-4 is coming.
• Stock drivers:
— S-4 details (cap table, convert/pref math)
— Any PIPE upsizes/changes via 8-K
— Vote date set + redemption mechanics
— BTC price (mgmt flags high correlation)
Bottom line: The S-4 is the gating doc. Watch for it, the meeting date, and any financing updates—that’s where the price action usually starts in de-SPACs like this.