Company Description
Cantor Equity Partners II, Inc. (Nasdaq: CEPT) is a special purpose acquisition company (SPAC) and blank check company in the financial services sector. According to its public disclosures, the company 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 or entities. CEPT is sponsored by an affiliate of Cantor Fitzgerald and is led by a chairman and chief executive officer, as described in its offering and transaction-related materials.
Shares of Cantor Equity Partners II, Inc. trade on the Nasdaq Global Market under the ticker symbol CEPT. The company completed an upsized initial public offering of Class A ordinary shares, with the shares beginning trading on Nasdaq under the symbol CEPT after the registration statement for the offering was declared effective by the U.S. Securities and Exchange Commission (SEC). A portion of the proceeds from the initial public offering and a simultaneous private placement was placed into a trust account, as is typical for a SPAC structure.
Business purpose and focus
As a SPAC, Cantor Equity Partners II, Inc. does not have an operating business of its own. Instead, it is organized to identify and complete a business combination with one or more target companies. The company has disclosed that its efforts to identify a prospective target business are not limited to a particular industry or geographic region. However, it has stated an intention to focus on targets in industries where its management team and affiliates believe they can provide a competitive advantage, including financial services, healthcare, real estate services, technology and software.
The company’s structure involves Class A ordinary shares held by public shareholders and Class B ordinary shares held by its sponsor and insiders, with the Class B shares automatically converting into Class A shares in connection with a business combination, as described in its SEC filings. Proceeds from the initial public offering are held in a trust account until they are used to fund a business combination or returned to public shareholders in accordance with the company’s governing documents and prospectus.
Proposed business combination with Securitize
Public filings and joint press releases describe a definitive Business Combination Agreement entered into on October 27, 2025, among Cantor Equity Partners II, Inc., Securitize, Inc., Securitize Holdings, Inc. (referred to as Pubco), and related merger subsidiaries. Under this agreement, CEPT will merge with and into a Cayman Islands subsidiary of Pubco, and a CEPT subsidiary will merge with and into Securitize, with Securitize continuing as the surviving entity. As a result of these transactions, Securitize is expected to become a wholly owned subsidiary of Pubco, and Pubco is expected to become a publicly traded company, subject to the conditions described in the Business Combination Agreement and related filings.
Press releases state that upon completion of the proposed business combination, the combined company will be renamed Securitize Corp. and is expected to trade on Nasdaq under the ticker symbol SECZ. The transaction documentation and related communications describe the structure of the mergers, the conversion of CEPT shares into Pubco common stock, and the issuance of shares to Securitize stockholders, including potential earn-out shares tied to future trading price thresholds of Pubco common stock.
Capital structure and PIPE financing
In connection with the proposed business combination, Cantor Equity Partners II, Inc. has disclosed a private investment in public equity (PIPE) transaction. Certain investors agreed to purchase Class A ordinary shares for an aggregate amount of $225 million at a price of $10.00 per share, pursuant to subscription agreements entered into with CEPT, Pubco and Securitize. According to the company’s Form 8-K and related press releases, the net proceeds from the PIPE are intended to be used by Pubco for transaction expenses, working capital and general corporate purposes, alongside the cash held in CEPT’s trust account, subject to redemptions by public shareholders and other conditions.
The company’s filings also describe conditions to closing the business combination, including shareholder approval, effectiveness of a registration statement on Form S-4 to be filed by Pubco and Securitize, approval of Pubco’s listing on a national securities exchange, minimum gross proceeds from the PIPE investment, and the absence of certain material adverse effects, among other customary SPAC transaction conditions.
Regulatory filings and governance
As an SEC-reporting company, Cantor Equity Partners II, Inc. files periodic and current reports, including Forms 8-K that describe material events such as the entry into the Business Combination Agreement, the announcement of the PIPE financing, and subsequent milestones like the confidential submission of a draft registration statement on Form S-4 by Pubco. These filings provide details on the transaction structure, representations and warranties, covenants, termination rights, and risk factors relevant to the proposed combination.
The company has also reported changes in its board of directors. For example, an 8-K filing describes the appointment of an additional director to the board, along with committee assignments and compensation terms for board service. Such disclosures illustrate the governance framework that applies to CEPT as it pursues its stated objective of completing a business combination.
Relationship with Cantor Fitzgerald
Cantor Equity Partners II, Inc. is sponsored by an affiliate of Cantor Fitzgerald, which is described in public materials as a global financial services and real estate services holding company. Cantor Fitzgerald & Co. acted as sole book-running manager for CEPT’s initial public offering. The sponsor relationship and the experience of affiliated entities in capital markets and prior acquisition vehicles are highlighted in the company’s public communications as part of its positioning in the SPAC market.
Investment considerations
As a SPAC, CEPT’s value proposition for investors is tied to its ability to identify, negotiate and close a business combination within the timeframe specified in its governing documents and prospectus. Public shareholders typically have the right to redeem their shares for a pro rata portion of the funds held in the trust account in connection with a proposed business combination. The company’s filings emphasize that the completion of the proposed transaction with Securitize is subject to multiple conditions and regulatory reviews, and that there can be no assurance that the transaction will be completed on the terms described or at all.
Investors and other interested parties are directed in CEPT’s press releases and SEC filings to review the registration statement on Form S-4, the proxy statement/prospectus and other documents to be filed with the SEC for detailed information about Cantor Equity Partners II, Inc., Securitize, Pubco and the proposed transactions.