Securitize Expects $400M Raise Ahead of US Debut

Securitize said it expects to raise approximately $400 million in gross proceeds from its planned public debut through a merger with a company backed by Cantor Fitzgerald. Final redemption results showed fewer than 30% of shareholders in Cantor Equity Partners II, the special purpose acquisition company that will take Securitize public, had elected to redeem; the figure includes related private investment in public equity financings and excludes transaction-related expenses.

Shares in Cantor’s acquisition vehicle rose on Friday, closing up 7% at $10.86 and continuing to climb after-hours to $11. CEPT shares gained as Securitize announced fewer redemptions than expected. The merger is expected to close on Wednesday, July 1, subject to shareholder approval on Monday and other closing conditions, and the company will trade under the ticker SECZ on the New York Stock Exchange on Thursday, July 2.

United States, New York

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