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BlackRock-backed tokenization firm Securitize clears key hurdle to go public on NYSE
Key takeaways
- Securities and Exchange Commission approved a key filing tied to its planned merger with a special purpose acquisition company (SPAC).
- The agency declared Securitize's registration statement for its proposed combination with Cantor Equity Partners II (CEPT) effective.
- The deal now heads to a shareholder vote scheduled for June 29.
Securities and Exchange Commission approved a key filing tied to its planned merger with a special purpose acquisition company (SPAC).
The agency declared Securitize's registration statement for its proposed combination with Cantor Equity Partners II (CEPT) effective. The merger is with a blank-check company sponsored by an affiliate of Cantor Fitzgerald, the companies said Friday.
The deal now heads to a shareholder vote scheduled for June 29. If approved, the transaction is expected to close shortly thereafter, with the combined company trading on the New York Stock Exchange under the ticker "SECZ."
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