Cantor Equity Partners I, the latest blank check company formed by Cantor Fitzgerald, raised $200 million by offering 20 million shares at $10. Unlike most SPACs, the company offered shares without warrants or rights.
The SPAC, formerly led by Cantor CEO and Chairman Howard Lutnick, is now run by his son, Brandon Lutnick, who works at Cantor. Howard Lutnick will continue to serve as a senior advisor for the SPAC until he is confirmed as US Secretary of Congress. Lutnick is joined by CFO Jane Novak, the Global Head of Accounting Policy at Cantor.
The SPAC plans to leverage management's experience to target businesses in the financial services, healthcare, real estate services, technology, and software industries.
Cantor Equity Partners I plans to list on the Nasdaq under the symbol CEPO. Cantor Fitzgerald acted as sole bookrunner on the deal.
Note: Story was corrected to note that Howard Lutnick is no longer the CEO.
