Cantor Equity Partners II, the eleventh blank check company formed by Cantor Fitzgerald, filed on Monday with the SEC to raise up to $200 million in an initial public offering.
The New York, NY-based company plans to raise $200 million by offering 20 million shares at $10. The company is not offering units with warrants attached.
Cantor Equity Partners II is led by CEO and Chairman Brandon Lutnick, who was recently appointed as the CEO of Cantor, and 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 has backed several other SPACs. The most recent to complete a merger, CF Acquisition VIII merged with process automation firm XBP Europe (Nasdaq: XBP; -89% from $10 offer price) in November 2023.
Cantor Equity Partners II was founded in 2020 and plans to list on the Nasdaq under the symbol CEPT. The company filed confidentially on August 28, 2024. Cantor Fitzgerald is the sole bookrunner on the deal.
