Cantor Equity Partners I, Inc. Announces Closing of $200 Million Initial Public Offering

Rhea-AI Summary

Cantor Equity Partners I (Nasdaq: CEPO) has successfully completed its initial public offering (IPO) of 20,000,000 Class A ordinary shares at $10.00 per share, raising a total of $200 million. The shares commenced trading on the Nasdaq Global Market on January 7, 2025.

The proceeds from the IPO and a concurrent private placement have been deposited into the company's trust account. Cantor Fitzgerald & Co. served as the sole book running manager for the offering. The company will file an audited balance sheet reflecting the proceeds through a Form 8-K with the SEC.

Positive

• Successfully raised $200 million through IPO
• Shares listed on Nasdaq Global Market
• IPO price set at $10.00 per share with 20 million shares sold
• Full proceeds secured in trust account

Negative

• None.

NEW YORK, Jan. 8, 2025 /PRNewswire/ -- Cantor Equity Partners I, Inc. (Nasdaq: CEPO) (the "Company") announced today that it closed its initial public offering of 20,000,000 Class A ordinary shares at $10.00 per share. The shares began trading on the Nasdaq Global Market on Tuesday, January 7, 2025.

Of the proceeds received from the consummation of the initial public offering and a simultaneous private placement of shares, $200,000,000 was placed into the Company's trust account. An audited balance sheet of the Company as of January 8, 2025, 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.

Cantor Fitzgerald & Co. acted as the sole book running manager for the offering.

About Cantor Equity Partners I, Inc.
Cantor Equity Partners I, Inc. is a blank check company sponsored by Cantor Fitzgerald and led by Chairman and Chief Executive Officer Brandon Lutnick. Cantor Equity Partners I, 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 Securities and Exchange Commission (the "SEC") on December 20, 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 59^th 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.

View original content to download multimedia:https://www.prnewswire.com/news-releases/cantor-equity-partners-i-inc-announces-closing-of-200-million-initial-public-offering-302346378.html

SOURCE Cantor Fitzgerald, L.P.

FAQ

How much did Cantor Equity Partners I (CEPO) raise in its January 2025 IPO?

Cantor Equity Partners I (CEPO) raised $200 million through its initial public offering by selling 20,000,000 Class A ordinary shares at $10.00 per share.

When did CEPO shares begin trading on the Nasdaq Global Market?

CEPO shares began trading on the Nasdaq Global Market on Tuesday, January 7, 2025.

What was the IPO price per share for CEPO stock?

The IPO price for CEPO stock was set at $10.00 per share.

Who was the book running manager for CEPO's IPO?

Cantor Fitzgerald & Co. acted as the sole book running manager for CEPO's initial public offering.

How many Class A ordinary shares did CEPO offer in its IPO?

CEPO offered 20,000,000 Class A ordinary shares in its initial public offering.