Securitize, a securities token platform, is seeking to go public through a SPAC merger.

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Securities Token Platform Securitize Pursues Listing Through SPAC Merger

Securities Token Platform Securitize Pursues Listing Through SPAC Merger / TokenPost Ai

U.S. securities token issuance platform Securitize announced on the 28th that it will pursue a listing through a merger with financial firm Cantor Fitzgerald's SPAC CEPT. The company plans to raise up to $469 million (approximately 640 billion won) through this transaction.

The deal includes $225 million in PIPE investments from existing and new institutional investors, as well as $244 million deposited in CEPT's trust account. However, the trust account funds are tallied under the assumption that there are no investor redemptions.

Securitize claims to be the only full-stack tokenization platform formally registered with the U.S. Securities and Exchange Commission (SEC), having tokenized over $4.5 billion in assets to date with a market share of about 20.8%.

#Securitize

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GhostAddressHuntervip
· 10-29 02:08
It's another SPAC merger, and they're still playing like this now.
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LiquidatorFlashvip
· 10-29 02:07
Still betting on SPAC? Take a good look at the collateral rate...
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BridgeNomadvip
· 10-29 02:06
hmm another spac... seen this movie before tbh
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ResearchChadButBrokevip
· 10-29 02:03
Another enter a position spac has truly fallen.
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