Key Merger Metrics: Low Redemption Rate, ~$400M Proceeds
Securitize, the RWA tokenization platform backed by global financial giants, announced the final redemption results for its proposed merger with Cantor Fitzgerald's special purpose acquisition company, Cantor Equity Partners II (NASDAQ: CEPT). According to the company, less than 30% of CEPT Class A common stock holders elected to redeem their shares, signaling strong investor confidence in the combined entity.
As a result, Securitize expects to receive approximately $400 million in gross proceeds from the merger transaction (including the associated PIPE financing, excluding transaction fees). The capital injection will significantly bolster Securitize's ability to scale its RWA tokenization infrastructure and pursue new business opportunities.
Timeline and Listing Details
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, and the combined company will operate under the name 'Securitize Corp.' and begin trading on the New York Stock Exchange on July 2 under the ticker symbol 'SECZ.'
Listing via a SPAC backed by Cantor Fitzgerald not only provides Securitize with a significant capital base but also enhances its credibility in the highly regulated RWA tokenization space. The move highlights the growing convergence between traditional finance and blockchain-based asset tokenization, with Securitize positioned as a key bridge.