Securitize expects $400M raise ahead of public debut via SPAC merger

Tokenization platform Securitize expects $400M in gross proceeds from its SPAC merger with Cantor Equity Partners II, with shares trading on NYSE under ticker SECZ starting July 2.

• Less than 30% of SPAC shareholders elected to redeem, boosting the expected capital raise to $400M.
• Securitize will trade on NYSE under ticker SECZ starting July 2 after the merger closes.
• The company is backed by BlackRock, Morgan Stanley, Coinbase, and Circle in the tokenization sector.
• Securitize partnered with NYSE in March to create tokenized assets for the exchange's upcoming platform.

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