Cantor Equity Partners III, the twelfth blank check company formed by Cantor Fitzgerald, filed on Friday 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, succeeding his father, Howard Lutnick. He 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 has backed several other SPACs. The most recent to complete mergers include CF Acquisition VIII, which merged with process automation firm XBP Europe (XBP; -90% from $10 offer price) in November 2023, and CF Acquisition VI, which merged with video platform Rumble (RUM; -11%) in September 2022.
The New York, NY-based company was founded in 2020 and plans to list on the Nasdaq, although it has not yet chosen a ticker (RC ticker: CEPC.RC). Cantor Equity Partners III filed confidentially on September 18, 2024. Cantor Fitzgerald is the sole bookrunner on the deal.
