NEW
YORK, Aug. 14, 2024 /PRNewswire/ -- Cantor
Equity Partners, Inc. (Nasdaq: CEP, the "Company") announced today
that it closed its initial public offering of 10,000,000 Class A
ordinary shares at $10.00 per share.
The shares began trading on Tuesday, August
13, 2024 on the Nasdaq Global Market ("Nasdaq") under the
symbol "CEP".
Of the proceeds received from the consummation of the initial
public offering and a simultaneous private placement of shares,
$100,000,000 was placed into the
Company's trust account. An audited balance sheet of the Company as
of August 14, 2024 reflecting receipt
of the proceeds from the consummation of the initial public
offering and such private placement will be included as an exhibit
to a Current Report on Form 8-K to be filed by the Company with the
Securities and Exchange Commission ("SEC").
Cantor Fitzgerald & Co. acted as the sole book running
manager for the offering.
About Cantor Equity Partners, Inc.
Cantor Equity Partners, Inc. is a newly organized blank
check company sponsored by Cantor Fitzgerald and led by Chairman
and Chief Executive Officer Howard W.
Lutnick. Cantor Equity Partners, Inc. was formed for
the purpose of effecting a merger, share exchange, asset
acquisition, share purchase, reorganization or similar business
combination with one or more businesses. The Company's efforts to
identify a prospective target business will not be limited to a
particular industry or geographic region, but the Company intends
to focus on a target in an industry where it believes the Company's
management teams' and affiliates' expertise will provide the
Company with a competitive advantage, including the financial
services, healthcare, real estate services, technology and software
industries.
A registration statement relating to these securities was
declared effective by the SEC on August 12,
2024. The offering has been made only by means of a
prospectus, copies of which may be obtained by contacting Cantor
Fitzgerald & Co., Attention: Capital Markets, 110 East
59th Street, 6th Floor New
York, New York 10022; Email: prospectus@cantor.com. Copies
of the registration statement can be accessed through the SEC's
website at www.sec.gov.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
Forward-Looking Statements
This press release includes forward-looking statements that
involve risks and uncertainties. Forward-looking statements are
statements that are not historical facts. Such forward-looking
statements, including with respect to the anticipated use of the
net proceeds, are subject to risks and uncertainties, including
those set forth in the Risk Factors section the Company's
registration statement and prospectus for the offering filed with
the SEC, which could cause actual results to differ from the
forward-looking statements. The Company expressly disclaims any
obligations or undertaking to release publicly any updates or
revisions to any forward-looking statements contained herein to
reflect any change in the Company's expectations with respect
thereto or any change in events, conditions or circumstances on
which any statement is based.
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SOURCE Cantor Fitzgerald, L.P.