Securitize SPAC Deal is moving toward completion after the company confirmed its proposed business combination with Cantor Equity Partners II is expected to raise approximately $400 million in gross proceeds.
Fewer than 30% of CEPT Class A shareholders redeemed their shares, allowing most trust proceeds to remain available.
Subject to shareholder approval on June 29 and customary closing conditions, the transaction is expected to close on July 1, with the combined company targeting a New York Stock Exchange listing on July 2 under the ticker SECZ.
Securitize and Cantor Equity Partners II announced the final redemption results on June 26 through an official company statement.
Less than 30% of CEPT Class A shareholders elected to redeem their shares before the proposed business combination.
The redemption outcome means Securitize expects to receive approximately $400 million in gross proceeds. The amount includes related PIPE financings but excludes all transaction-related expenses.
The companies also confirmed that 71.5% of the CEPT trust was retained. The proposed business combination remains subject to shareholder approval during the special meeting scheduled for June 29.
If shareholders approve the transaction and the remaining conditions are satisfied or waived, the companies expect to complete the merger on July 1.
The combined entity is then expected to begin trading on the New York Stock Exchange under the ticker SECZ on July 2.
Following the completion of the transaction, the combined company will operate as Securitize Corp. The company currently tokenizes more than $4 billion in real-world assets across its platform.
Commenting on the upcoming listing, Securitize Co-Founder and Chief Executive Officer Carlos Domingo said, “Reaching the public markets is a milestone for Securitize and a reflection of the growing momentum behind tokenization.”
He added that the company began more than eight years ago when institutional adoption of tokenized securities remained largely theoretical.
Domingo continued, “Today, tokenization is moving into the mainstream, and we believe becoming a public company gives us the visibility, credibility, and capital to lead that next phase of growth.” The remarks accompanied the company’s announcement of the expected closing timeline.
The company confirmed that the planned schedule remains unchanged following the redemption results. Subject to shareholder approval on June 29, Securitize expects to complete the business combination on July 1 before its shares begin trading on the NYSE under the SECZ ticker on July 2.
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