Securitize says it expects to receive $400 million when it debuts on Thursday, July 2, as it plans to go public via a SPAC merger with a company backed by Cantor Fitzgerald.

Securitize and Cantor Equity Partners II Business Combination Expected to Raise Approximately $400 million in Gross Proceeds and Announce Expected Closing of Business Combination…

The BlackRock-backed tokenization specialist expects to close its SPAC merger next week and start trading on the NYSE, pending shareholder approval.

Seeking to debut next week, Securitize will receive roughly $400 million after retaining more than 70% of its SPAC trust.

Securitize is set to list on the NYSE under ticker SECZ after retaining over 70% of its SPAC trust, raising $400M at a $1.25 billion valuation.

Securitize expects to begin trading next week under the ticker symbol “SECZ,” following the completion of a merger with a blank-check firm.

Securitize will begin trading on the NYSE on July 2 under ticker SECZ after completing a SPAC merger with Cantor Equity Partners II that raised over $400 million.

Securitize says it expects to receive $400 million when it debuts on Thursday, July 2, as it plans to go public via a SPAC merger with a company backed by Cantor Fitzgerald.

The tokenization firm is expected to begin trading on the NYSE on Thursday, becoming one of the first publicly traded pure-play tokenization companies.

Securitize announced that shareholders of Cantor have greenlit the business combination, which is expected to close on Wednesday.