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Completed · 1 Jul 2026CEPT · NasdaqCIK 2034269Sponsor at IPO: Cantor EP Holdings II, LLC

Cantor Equity Partners II, Inc.

$240MTrust raised at IPO · 71% of public shares left after its last counted vote

Merged with Securitize Holdings, Inc. (SECZ) · Financial services

  1. IPO1 May 2025
  2. Searching24 months
  3. Deal announcedAgreement signed
  4. Closed1 Jul 2026

Tavia Read What stands out, from the filings · snapshot 14

  1. 01

    Larger than 66% of 2025’s SPAC IPOs.

    $240M raised, against a median of $230M for the 143 SPACs that priced in 2025.

  2. 02

    29% of public shares redeemed across 1 vote.

    The merger vote, counted from the SPAC’s 8-Ks. 71% of the public shares remained after the last one.

  3. 03

    Closed its merger 14 months after its IPO.

    The combined company is Securitize Holdings, Inc. (SECZ). Sector: Financial services.

Worked out from checked figures in snapshot 14 · no forecasts or advice

Key terms

Other 2025 SPAC IPOs →
IPO priced
1 May 2025
IPO closed
5 May 2025
Raised
$240M1
Units sold
24,000,0002
Trust raised
$240M3
Trust per unit
$10.004
Unit
Shares only5
Months to complete
246
Deadline before extensions
5 May 2027
Over-allotment
No option

Each unit: “one Class A ordinary share (no units or warrants offered)”

How it compares

Cantor Equity Partners II, Inc. against the 143 SPACs that priced in 2025.

Raised
$240M
66% of 2025 SPACs are below it
2025 median: $230M
Trust per unit
$10.00
83% of 2025 SPACs match it
2025 median: $10.00
Months to complete
24
64% of 2025 SPACs match it
2025 median: 24
Redeemed across its votes
29%
88% of 2025 SPACs are above it
2025 median: 81%

Trust and redemptions

  1. Merger vote · 29 Jun 20266,842,508 of 24,000,000 redeemed (29%)

Public shares before each vote and the shares redeemed, as its 8-Ks (or the next 10-Q or 10-K) state them. Only votes whose redemptions were paid count.

Firms named in the prospectus

Underwriters’ counsel

Other SPACs from Cantor Equity Partners

Cantor Equity Partners’s track record →

Cantor Equity Partners has brought 8 SPACs to market since 1 January 2019, $1.9B in all: 3 completed, 5 searching. 3 of the 3 that reached an end completed a merger.

SPACIPORaisedStatusOutcomeMonths
Cantor Equity Partners VII, Inc.16 Jun 2026$250MSearching——
Cantor Equity Partners VI, Inc.4 Feb 2026$115MSearching——
Cantor Equity Partners V, Inc.3 Nov 2025$250MSearching——
Cantor Equity Partners IV, Inc.20 Aug 2025$450MSearching——
Cantor Equity Partners III, Inc.25 Jun 2025$276MCompletedAIR Holdings Limited (AIIR)11
Cantor Equity Partners II, Inc. This SPAC1 May 2025$240MCompletedSecuritize Holdings, Inc. (SECZ)14
Cantor Equity Partners I, Inc.6 Jan 2025$200MSearching——
Cantor Equity Partners, Inc.12 Aug 2024$100MCompletedTwenty One Capital, Inc. (XXI)16

Months: from the IPO to the merger’s closing or the liquidation. SPACs are grouped by sponsor when their names, or their sponsor entities, match once the legal form and series numeral are taken off.

Peers

Other 2025 SPAC IPOs with Cantor Fitzgerald & Co. as bookrunner.

SPACIPORaisedUnitStatus
American Drive Acquisition Co17 Dec 2025$230M1 sh + ⅓ warrantSearching
Launchpad Cadenza Acquisition Corp I17 Dec 2025$230M1 sh + ⅓ warrantSearching
Iron Horse Acquisition II Corp.16 Dec 2025$230M1 sh + 1 right (1/10)Deal announced
ITHAX Acquisition Corp III11 Dec 2025$230M1 sh + ½ warrantSearching
Bluerock Acquisition Corp.10 Dec 2025$173M1 sh + ⅓ warrantDeal announced

Sources

  1. PFinal prospectus: 0001213900-25-039125
  2. 1Gross proceeds: 0001213900-25-041518The Public Shares were sold at a price of $10.00 per Public Share, generating gross proceeds to the Company of $240,000,000.
  3. 2Units sold: 0001213900-25-041518On May 5, 2025, the Company consummated the Initial Public Offering of 24,000,000 Class A ordinary shares, par value $0.0001 per share
  4. 3Trust raised: 0001213900-25-041518A total of $240,000,000, or $10.00 per Public Share, comprised of the net proceeds from the IPO and the Private Placement, was placed in a U.S.-based trust account
  5. 4Trust per unit: 0001213900-25-039125Of the net proceeds of this offering and the sale of the private placement shares, $240,000,000, or $10.00 per share, will be placed into a trust account
  6. 5Unit composition: 0001213900-25-039125Unlike in the initial public offerings by certain other special purpose acquisition companies, this is not an offering of units and investors will not receive warrants
  7. 6Months to complete: 0001213900-25-039125We have until the date that is 24 months from the closing of this offering or until such earlier liquidation date as our board of directors may approve, to consummate our initial business combination.

Each quote is found word for word in the filing it cites. Where a figure here differs from the filing, the filing prevails.

How the figures are compiled
  • Which IPOs. Every final IPO prospectus (Form 424B4 or 424B1, or a 424B3 when it is the first prospectus filed on an S-1 or F-1 registration within 10 days of it going effective) filed on SEC EDGAR from the history start, by a registrant whose SIC code was 6770 (blank checks) on the filing date. Offerings that are not exchange-listed SPAC IPOs are excluded when the prospectus is read. The window starts on 1 January 2021.
  • Dated by. The date of the final prospectus.
  • Raised. Units sold to the public, including over-allotment units, times the unit price, as stated in the SPAC's 8-K reports after the IPO.
  • Trust. The trust held for public shareholders after the IPO and any over-allotment: trust per unit times public units, as stated in the SPAC's filings. Cash deposited in trust and then moved out as working capital is not counted.
  • Bookrunners. Firms the prospectus names as book-running managers; where it names none, the firm it names as sole underwriter or representative of the underwriters. Only the prospectus's own wording counts, not later 8-K reports. Each IPO's gross proceeds are split equally among its bookrunners.
  • Counsel and auditors. Issuer counsel and underwriters' counsel as named in the prospectus's Legal Matters section; the auditor as named in its Experts section. Each is credited with the IPO's full gross proceeds.
  • Unit structure. What one unit consists of, as the prospectus states it: a share with warrants, with rights, with both, or a share alone (shares-only offerings sell no units). Warrants per unit is the fraction of a warrant in each unit; rights are measured as the fraction of a share they convert into per unit.
  • Trust per unit. Dollars placed in the trust account for each unit sold to the public, as the prospectus states it.
  • Time to complete. Months from the IPO closing that the SPAC has to complete its business combination before any extension, as the prospectus states it.
  • Over-allotment. Whether the underwriters bought all, part or none of the over-allotment option, comparing units sold with the base offering and the option.
  • Votes. Shareholder votes to extend a SPAC's deadline or to approve its business combination, as reported in its 8-Ks (Item 5.07), for the SPACs in the IPO statistics only: SPACs that priced before the history start are not included, so votes in the first years under-represent the market. Only redemptions actually paid count: votes on a proposal that failed, or an extension that was approved but never took effect, are left out (redemption requests lapse with them), and a merger vote counts only when the deal closed, and only the last merger vote before the closing, since merger redemptions are paid at closing. Liquidation votes are left out too, as every public share is redeemed by definition.
  • Redemption rate. Public shares redeemed at a vote over public shares outstanding just before it. Shares redeemed are as an 8-K, or failing that the next 10-Q or 10-K, states them. Shares before are as a filing states them, or redeemed plus the shares left after, or carried from the IPO's public shares and earlier votes. The median is the typical vote; the weighted rate divides all shares redeemed by all shares before, the share of public money that left the trusts. A vote counts only when each of these figures is verified or accepted. Votes whose redemption count no filing states, after a search of the SPAC's and the combined company's filings, are counted as not disclosed rather than estimated.
  • Outcomes. Where each SPAC stands as of the snapshot: completed (business combination closed), liquidated (trust returned and redeemed), deal pending (agreement signed, not closed) or searching (no agreement in force). Grouped by the year the SPAC priced its IPO. Awaiting review means its status is still being checked.
  • Closings. Completed business combinations by year of closing. The sector is the SEC's industry code (SIC) of the combined company, grouped into broad sectors; months from IPO run from the prospectus date to the closing.
  • Checking. A SPAC counts only when every required figure is verified (quote found verbatim in the filing and all cross-checks pass) or accepted by a named reviewer.
  • Coverage. 1,077 of the 1,089 SPAC IPOs read are counted; 12 wait on a figure still under review and 11 filings were excluded as not exchange-listed SPAC IPOs.

Compiled from SEC filings with the assistance of AI · figures as of 3 November 2026

For information only. These figures are compiled from SEC filings with the assistance of AI. Although they are checked against those filings, they may contain errors or omissions and have not been audited; where they differ from the filings, the filings prevail. They are not an offer to sell, a solicitation of an offer to buy, or a recommendation of any security. Information about any SPAC is qualified in its entirety by its filings with the SEC, available at www.sec.gov.