Cantor Equity Partners VII (CAES) sponsor group discloses 7.19M Class B founder shares
Rhea-AI Filing Summary
Cantor Equity Partners VII, Inc. reported initial insider holdings for Class B ordinary shares. Cantor EP Holdings VII, LLC directly holds 7,187,500 Class B ordinary shares, which are convertible into Class A ordinary shares on a one-for-one basis in connection with the issuer's initial business combination or at the holder's option.
The footnotes state that this sponsor position includes up to 937,500 Class B shares that may be forfeited if the underwriters of the issuer's initial public offering do not fully exercise their over-allotment option. Related entities Cantor Fitzgerald, L.P., CF Group Management, Inc. and Brandon Lutnick may be deemed beneficial owners through their roles in the sponsor structure but each disclaims beneficial ownership beyond any pecuniary interest.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B ordinary shares | -- | -- | -- |
Footnotes (1)
- As described in the issuer's registration statement on Form S-1 (File No. 333-296199) under the heading "Description of Securities--Founder Shares", the Class B ordinary shares will automatically convert into Class A ordinary shares at the time of the issuer's initial business combination, or at any time and from time to time at the option of the holder, on a one-for-one basis, subject to adjustment for share sub-divisions, share dividends, reorganizations, recapitalizations and the like, and certain anti-dilution rights. These shares represent Class B ordinary shares directly held by Cantor EP Holdings VII, LLC (the "Sponsor"). The Class B ordinary shares owned by the Sponsor include up to 937,500 shares that are subject to forfeiture in the event the underwriters of the initial public offering of the issuer's Class A ordinary shares do not exercise in full their over-allotment option as described in the issuer's registration statement. The Sponsor is the record holder of the shares reported herein. Cantor Fitzgerald, L.P. ("Cantor") is the sole member of the Sponsor. CF Group Management, Inc. ("CFGM") is the managing general partner of Cantor. Mr. Lutnick is the Chairman and Chief Executive Officer of the Sponsor, CFLP and CFGM and also the trustee with decision making control of the trusts that hold all of the voting shares of CFGM. As such, each of Cantor, CFGM and Mr. Lutnick may be deemed to have beneficial ownership of the shares directly held by the Sponsor. Each such entity or person disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest they may have therein, directly or indirectly.