Securitize to List on NYSE After $400M SPAC Deal

Securitize, a leading provider of tokenization infrastructure for major financial institutions, is set to begin trading on the New York Stock Exchange next week after finalizing a merger expected to raise approximately $400 million. The company announced on Friday that its business combination with Cantor Equity Partners II, a special purpose acquisition company, is scheduled to close on July 1, pending a shareholder vote on June 29. Shares of the combined entity, to be named Securitize Corp., are expected to start trading under the ticker symbol SECZ on July 2.

The transaction's estimated $400 million in gross proceeds were bolstered by lower-than-expected shareholder redemptions from the SPAC. Cantor Equity Partners II reported that fewer than 30% of its Class A shareholders chose to redeem their shares, preserving a significant portion of the trust's capital. The proceeds include a private investment in public equity (PIPE) financing round that was previously oversubscribed.

Securitize CEO Carlos Domingo stated that becoming a public company will provide the visibility, credibility, and capital to lead the next phase of growth for tokenization. He noted that when the company...