Securitize SPAC deal expected to raise $400 million ahead of July 2 NYSE listing

BlackRock-backed tokenization specialist Securitize said less than 30% of Cantor Equity Partners II Class A shareholders redeemed, supporting about $400 million in expected proceeds ahead of a planned July 2 NYSE debut.

30d ago

Fact Check

The official PR Newswire press release directly confirms the ~$400 million gross proceeds figure, the merger with Cantor Equity Partners II, the BlackRock partnership/backing, and the planned NYSE listing on July 2, 2026 (ticker SECZ) subject to shareholder approval at the June 29 special meeting. CoinDesk independently corroborates these details. The only nuance is that figures are 'expected'/'subject to shareholder approval' and CEPT itself currently trades on Nasdaq, while the combined entity lists on NYSE — consistent with the claim's hedged framing of 'expects to' and 'subject to shareholder approval.'

Summary

Securitize, a BlackRock-backed tokenization specialist, said its merger with Cantor Equity Partners II is expected to generate about $400 million in gross proceeds, with the company planning to list on the New York Stock Exchange on July 2 under the ticker SECZ. The update adds that fewer than 30% of CEPT Class A common shareholders elected redemption, a key measure in SPAC deals because redemptions can reduce the cash a target company receives. The companies had previously said investors would vote on the transaction at a special shareholder meeting on June 29, with the deal expected to close on July 1 and the combined company set to operate as Securitize Corp.

Terms & Concepts

tokenization: Turning assets into blockchain-based digital tokens
SPAC: A special purpose acquisition company that raises money to merge with a private firm and take it public.
redemption: In a SPAC deal, the process by which shareholders elect to take back their cash instead of remaining invested after the merger.