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Initial public offerings

Cantor Equity Partners, Inc. Announces Pricing of Initial Public Offering

Strategic Insights

— 2 min read

Cantor Equity Partners, Inc., a newly organized blank check company sponsored by Cantor Fitzgerald and led by Chairman and Chief Executive Officer Howard W. Lutnick, has announced the pricing of its initial public offering. The company has priced its offering of 10,000,000 Class A ordinary shares at $10.00 per share, with the shares expected to be listed on the Nasdaq Global Market and trade under the symbol "CEP" beginning August 13, 2024. The underwriters have been granted a 45-day option to purchase up to an additional 1,500,000 shares to cover over-allotments.

Cantor Equity Partners, Inc. was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company's efforts to identify a prospective target business will not be limited to a particular industry or geographic region, but it intends to focus on a target in an industry where it believes the company's management teams' and affiliates' expertise will provide a competitive advantage, including the financial services, healthcare, real estate services, technology, and software industries.

The offering is subject to customary closing conditions and is expected to close on August 14, 2024. The Company's registration statement relating to these securities was declared effective by the Securities and Exchange Commission on August 12, 2024. The offering is being made only by means of a prospectus, which can be obtained by contacting Cantor Fitzgerald & Co. at 499 Park Avenue, 5th Floor, New York, New York 10022, or by email at prospectus@cantor.com.

Key Takeaways:

  • Cantor Equity Partners, Inc. has priced its initial public offering of 10,000,000 Class A ordinary shares at $10.00 per share.
  • The shares are expected to be listed on the Nasdaq Global Market and trade under the symbol "CEP" beginning August 13, 2024.
  • The underwriters have been granted a 45-day option to purchase up to an additional 1,500,000 shares to cover over-allotments.
  • Cantor Equity Partners, Inc. was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses.
  • The company's efforts to identify a prospective target business will not be limited to a particular industry or geographic region.

Statistics:

  • 10,000,000: number of Class A ordinary shares offered in the initial public offering.
  • $10.00: price per share of the Class A ordinary shares.
  • 1,500,000: number of additional shares that the underwriters have the option to purchase to cover over-allotments.
  • 45 days: duration of the underwriters' option to purchase additional shares.
  • August 13, 2024: expected date for the listing of the shares on the Nasdaq Global Market.
  • August 14, 2024: expected date for the closing of the offering.

Sources:

  • Cantor Fitzgerald, L.P.
  • Cantor Equity Partners, Inc.

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