Final Redemption Results Announced
Securitize, a leading real-world asset (RWA) tokenization platform, today disclosed the final redemption results for its business combination with Cantor Equity Partners II (NASDAQ: CEPT), a special purpose acquisition company (SPAC) sponsored by Cantor Fitzgerald. According to the disclosure, the redemption rate for CEPT Class A ordinary shares was below 30%, indicating that a strong majority of shareholders elected to remain in the combined entity rather than redeem their shares. This outcome alleviates market concerns about potential high SPAC redemption rates and bolsters confidence in the transaction's closing.
Funding Raised and Capital Deployment
Based on the redemption results, Securitize expects to secure total gross proceeds of approximately $400 million from the merger, inclusive of concurrent PIPE (private investment in public equity) financing and excluding transaction expenses. The funds will be directed toward expanding Securitize's RWA tokenization operations, technology development, and market outreach. As a pivotal bridge between traditional finance and blockchain, RWA tokenization continues to attract significant institutional capital, and this deal underscores the sector's growing maturity.
Shareholder Approval and Listing Timeline
The merger remains subject to approval by CEPT shareholders at a special meeting scheduled for June 29. If approved, the transaction is expected to close on July 1. Upon closing, the combined company will operate under the name "Securitize Corp." and anticipate listing on the New York Stock Exchange on July 2 under the ticker symbol "SECZ." This listing represents a major transition from private to public for Securitize, providing a notable precedent for the RWA tokenization industry and signaling increased mainstream capital market engagement with digital asset infrastructure.