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.
Terms Tracker for the Week Ending August 8, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. The Terms Tracker post will not have a written summary this week due to vacations, but all data and charts below have been updated. We’ll...
Hall Chadwick (NASDAQ:HCACU) has filed for a $180 million SPAC to bring a team with strong ties to the Outback for a walkabout to find a technology target. The new SPAC is offering investors one right to a 1/10 share in each unit, no overfunding and a 24-month initial timer on its deal search. It...
Spring Valley III has filed for a $150 million SPAC with the most team-friendly terms of the Spring Valley series fresh off of recent successes by its first de-SPAC and a speedy deal announcement by its second vehicle. This third member of the series will have 1/3 warrants in its units and no overfunding of...
At the SPAC of Dawn An arms race is heating up among eVTOL de-SPACs as several near the commercial launch of their first air taxis. Earlier this week, Joby (NYSE:JOBY) made one big shot across the bow by agreeing to buy out the heli-taxi business of fellow de-SPAC Blade (NASDAQ:BLDE) for $125 million. Its de-SPAC...
Starry Sea Acquisition Corp. (NASDAQ:SSEAU) announced the pricing of its $50 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “SSEAU”, Friday, August 8, 2025. The new SPAC plans to mount a generalist search for a target company that has the potential to generate attractive returns. Starry Sea’s...