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Securitize Gets Approved to Merge With Cantor Equity Partners II and Will List on the NYSE on July 2
Deep Tide TechFlow news, June 30 - According to The Block, tokenization infrastructure company Securitize announced that its merger with Cantor Equity Partners II (CEPT) has been approved by shareholders, with the merger expected to be completed this Wednesday. After the merger, the company will operate under the name "Securitize Corp." and will officially list on the New York Stock Exchange on July 2 under the ticker symbol "SECZ."
The merger has raised approximately $400 million for Securitize, including an oversubscribed $225 million PIPE financing, with CEPT holders redeeming less than 30%, leaving over 71% of SPAC trust funds retained.