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