Cantor Fitzgerald has rolled out another SPAC. And it’s now trading on the Nasdaq.
What’s happening:
- United States investment bank Cantor Fitzgerald has successfully raised $240M USD for a new SPAC known as Cantor Equity Partners II (NASDAQ: CEPT)
Why it matters:
- Cantor Fitzgerald’s previous SPAC Cantor Equity Partners (NASDAQ: CEP) just recently made major waves when they entered into a business combination agreement with Twenty One Capital to accumulate Bitcoin in partnership with Tether and SoftBank
Going deeper:
- Cantor Fitzgerald has helped take multiple companies public through SPACs they directly sponsored, including previously doing a business combination with highly popular video streaming platform Rumble (NASDAQ: RUM)
- Wall Street investors have been starting to do SPAC deals at a feverish pace lately, including small modular reactor company Terra Innovatum entering into a business combination with GSR III Acquisition Corp (NASDAQ: GSRT) and digital asst investor Anthony Pompliano filing a Form S-1 with the United States Securities and Exchange Commission to officially launch a new SPAC
The fine print:
- Cantor Equity Partners II has not yet entered into a business combination agreement with a company or announced what type of business they will ultimately seek to merge with
