Securitize Gets Shareholder Approval for CEPT Merger, to List on NYSE with Ticker SECZ on July 2

According to The Block, tokenization infrastructure company Securitize announced that shareholders have approved its merger with Cantor Equity Partners II (CEPT), with the transaction set to close this Wednesday. Upon completion, the company will operate as Securitize Corp. and list on the New York Stock Exchange under ticker symbol SECZ on July 2.

The merger is expected to raise approximately $400 million in funding, including a $225 million oversubscribed PIPE investment. CEPT shareholders redeemed less than 30% of their holdings, allowing over 71% of SPAC trust assets to remain.