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CoinWorld News, RWA tokenization platform Securitize announced that the final redemption rate of its merger with Cantor Fitzgerald's SPAC company Cantor Equity Partners II (CEPT) is less than 30%. It is expected that approximately $400 million will be raised after the transaction is completed (including PIPE financing, excluding transaction fees). The transaction still requires approval from CEPT shareholders on June 29, and is expected to close on July 1. The combined company will be renamed Securitize Corp. and plans to list on the New York Stock Exchange under the ticker SECZ on July 2.