Securitize Raises $400 Million in SPAC Merger, Sets July 2 NYSE Listing
Blockchain infrastructure firm Securitize is set to raise approximately $400 million through a special purpose acquisition company merger and begin trading on the New York Stock Exchange under the ticker SECZ on July 2. The funding stems from its business combination with Cantor Equity Partners II, which is projected to raise roughly $400 million in gross proceeds after fewer than 30% of existing shareholders chose to redeem their stakes. The deal requires shareholder approval on June 29 and is expected to formally close on July 1.
Once the listing goes live, the transaction will mark a notable step for Securitize, which currently facilitates the tokenization of over $4 billion in real-world assets. The capital raise underscores growing institutional appetite for digitizing traditional financial instruments, as more public market participants look toward tokenized equities, bonds, and credit for broader distribution and automated settlement.
From the sources (3 posts)
@wublockchainSecuritize SPAC Deal to Raise $400M, NYSE Listing Expected July 2 Securitize’s business combination with Cantor Equity Partners II is expected to raise approximately $400 million in gross proceeds after fewer than 30% of SPAC shareholder
@coindeskLATEST: @Securitize is going public on the NYSE under ticker $SECZ on July 2, raising ~$400M from its SPAC merger with Cantor Equity Partners.
@theblockcoTHE BLOCK: Securitize is set to raise approximately $400 million through its SPAC merger ahead of the deal's close. The tokenization firm is expected to begin trading on the NYSE under the ticker SECZ on July 2.