Securitize to List on NYSE Under Ticker SECZ on July 2, Raises $400M via SPAC Merger

According to PR Newswire, Securitize's business combination with SPAC Cantor Equity Partners II (Nasdaq: CEPT) is expected to raise approximately $400 million (including PIPE investments, before fees). Following completion of the merger, the combined company will be renamed Securitize Corp., with common shares set to list on the NYSE under ticker symbol "SECZ" starting July 2.

CEPT shareholders are scheduled to vote on the transaction on June 29, with current redemption rates below 30%. Securitize manages over $4 billion in on-chain real-world assets and holds digital securities infrastructure licenses in both the United States and European Union.