Cantor Equity Partners VI, the fifteenth blank check company formed by Cantor Fitzgerald, raised $100 million by offering 10 million shares at $10. Unlike most SPACs, it did not offer units with warrants or rights attached.
Cantor Equity Partners V is led by CEO and Chairman Brandon Lutnick, the 28-year-old CEO of Cantor, and CFO Jane Novak, the Global Head of Accounting Policy at Cantor and CFO or former CFO of several Cantor SPACs.
The SPAC plans to target businesses in the financial services, digital assets, healthcare, real estate services, technology, and software industries that have positive long term growth prospects, competitive advantages, consolidation opportunities, and the potential for recurring revenue, among other characteristics.
Cantor has backed several other SPACs. The most recent to complete a merger was Cantor Equity Partners, which merged with bitcoin investment vehicle Twenty One Capital (XXI) in December; the stock initially popped 400% on the news of the proposed merger last May, but now trades 32.4% below the $10 offer price. Other completed Cantor SPACs include CF Acquisition VIII, which merged with process automation firm XBP Europe (XBP) in 2023, and CF Acquisition VI, which merged with video platform Rumble (RUM) in 2022. Three Cantor-backed SPACs recently announced mergers: Cantor Equity Partners I (CEPO) announced its plan to merge with bitcoin treasury Bitcoin Standard Treasury in July; Cantor Equity Partners II (CEPT) announced its plan to merge with asset tokenization platform Securitize in October; and Cantor Equity Partners III (CAEP) announced its plan to merge with hookah products maker AIR Global in November.
Cantor Equity Partners VI plans to list on the Nasdaq under the symbol CEPS. Cantor Fitzgerald acted as sole bookrunner on the deal.
