Securitize targets NYSE debut next week with $400M SPAC merger

Securitize, the Miami-based tokenization platform that counts BlackRock among its clients, is set to become a publicly traded company as early as next week. The company will receive roughly $400 million in gross proceeds from its merger with Cantor Equity Partners II, a blank-check company currently listed on Nasdaq under the ticker CEPT.

A shareholder vote is scheduled for June 29, with the combined entity expected to begin trading on the NYSE under the ticker SECZ by July 1. The deal values Securitize at a pre-money equity valuation of $1.25 billion.

Why $400 million matters more than it sounds

Securitize’s shareholder redemptions came in under 30%, allowing the company to retain more than 70% of the SPAC trust. That’s how it lands at approximately $400 million in gross proceeds. Existing investors are rolling over 100% of their stakes, a group that includes BlackRock and ARK Invest.

Securitize’s position in the tokenization race