Cantor Equity Partners V, the fourteenth blank check company formed by Cantor Fitzgerald, raised $220 million by offering 22 million shares at $10. The company offered 2 million more shares than anticipated. It did not offer 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 (XBP; -94% from $10 offer price) in 2023, and CF Acquisition VI, which merged with video platform Rumble (RUM; -38%) in 2022. Three Cantor-backed SPACs have announced mergers in the digital asset space this year: Cantor Equity Partners (CEP; +70%) and Cantor Equity Partners I (CEPO; +5%) with Bitcoin treasuries Twenty One Capital and Bitcoin Standard Treasury, respectively, and Cantor Equity Partners II (CEPT; +16%) with asset tokenization platform Securitize.
Cantor Equity Partners V plans to list on the Nasdaq under the symbol CEPV. Cantor Fitzgerald acted as sole bookrunner on the deal.
