TechFlow News, June 30, according to The Block, tokenization infrastructure company Securitize announced that its merger plan with Cantor Equity Partners II (CEPT) has been approved by shareholders, and the merger is expected to be completed this Wednesday. After the merger, the company will operate under the name "Securitize Corp." and will officially list on the New York Stock Exchange with the ticker symbol "SECZ" on July 2.
The merger raised approximately $400 million for Securitize, including an oversubscribed $225 million PIPE financing, with a CEPT holder redemption rate of less than 30%, allowing over 71% of SPAC trust funds to be retained.
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