Tokenization infrastructure firm Securitize announced Monday that it is set to start trading on the New York Stock Exchange on July 2 after getting approval for its proposed merger with Cantor Equity Partners II (CEPT).
In a Monday post on X, the company said that shareholders of Cantor have greenlit the business combination with Securitize, which is expected to close on Wednesday.
"Following consummation, the combined company will operate as Securitize Corp., and its common stock is expected to begin trading on the NYSE on July 2, 2026 under the ticker symbol 'SECZ,'" Securitize wrote.
Securitize said last week that it secured around $400 million through the merger, saying that less than 30% of CEPT holders chose to redeem their shares, leaving it to retain over 71% of the SPAC trust. The $400 million amount incorporates the previous PIPE financing, which includes an oversubscribed $225 million private investment.
"Today, tokenization is moving into the mainstream, and we believe becoming a public company gives us the visibility, credibility, and capital to lead that next phase of growth," Securitize Co-founder and CEO Carlos Domingo said in a statement last week.
