Cantor Equity Partners announced the pricing of its $100 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “CEP”, Tuesday, August 13, 2024.
The new SPAC intends to mount a broad search for a target that has positive long-term growth prospects, consolidation opportunities and potentially recurring revenue.
Cantor Equity Partner’s sponsor team is to be led by Chairman and Chief Executive Officer Howard W. Lutnick alongside CFO Jane Novak.
Danny H. Salinas, Carl A. Grimstad and Charlotte Blechman are to serve on the SPAC’s Board of Directors.
Total SPAC deal count for 2024 year-to-date is now 25. This offering is expected to close on Wednesday, August 14, 2024.
Cantor Fitzgerald & Co. is acting as the sole book running manager for the offering. Ellenoff Grossman & Schole LLP is serving as Issuer’s Counsel with Graubard Miller serving as Underwriter’s Counsel. Withum Smith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
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