Cantor Equity Partners V, the fourteenth 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 company plans to raise $200 million by offering 20 million shares at $10. It is not offering units with warrants or rights attached.
Cantor Equity Partners V is led by CEO and Chairman Brandon Lutnick, 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, digital assets, 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 (Nasdaq: XBP; -95% from $10 offer price) in 2023, and CF Acquisition VI, which merged with video platform Rumble (Nasdaq: RUM; -21%) in 2022. Two Cantor-backed SPACs, Cantor Equity Partners (CEP; +172%) and Cantor Equity Partners I (CEPO; +6%) both recently announced mergers with bitcoin treasuries.
The New York, NY-based company was founded in 2021 and plans to list on the Nasdaq under the symbol CEPV. Cantor Fitzgerald is the sole bookrunner on the deal.
