Cantor Equity Partners I, the tenth 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 SPAC is not offering units with warrants attached. At the proposed deal size, Cantor Equity Partners I would command a market value of $255 million.
The SPAC is led by CEO and Chairman Howard Lutnick, the CEO and Chairman of Cantor. He is joined by CFO Jane Novak, the Global Head of Accounting Policy at Cantor. It 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 past SPACs. The most recent include Cantor Equity Partners (CEP), which went public this past August, and CF Acquisition VII (CFFSU), which went public in late 2021; both are still searching for targets. Others include CF Acquisition VIII, which merged with process automation firm XBP Europe (Nasdaq: XBP; -90% from $10 offer price) in November 2023; CF Acquisition VI, which merged with video platform Rumble (Nasdaq: RUM; -42%) in September 2022; and CF Acquisition V, which merged with satellite data company Satellogic (Nasdaq: SATL; -90%) in January 2022.
Cantor Equity Partners I was founded in 2020 and plans to list on the Nasdaq under the symbol CEPO. The company filed confidentially on July 1, 2024. Cantor Fitzgerald is the sole bookrunner on the deal.
