Kantar shareholders approve securitization SPAC merger

• Cantor traders authorised the securitization merger, clearing the ultimate majority vote.
• SECZ is scheduled to start buying and selling on the NYSE on July 2, the day after buying and selling closes.
• The merger is anticipated to generate gross proceeds of roughly $400 million, excluding bills.

Cantor Fairness Companions II shareholders have authorised the merger with Securitize, clearing a vital hurdle for traders earlier than the tokenization firm can enter the general public markets. The vote got here after CEPT shares rose as a lot as 20% throughout buying and selling on Monday, earlier than the outcomes of the assembly had been made public.

The deal is anticipated to shut on July 1, topic to remaining customary situations being happy or waived, in line with studies. Moreover, buying and selling of the mixed firm, Securitize Corp., is scheduled to start on the New York Inventory Trade on July 2 underneath the ticker SECZ.

Approval will generate roughly $400 million in gross proceeds.

The deal was first introduced in October 2025 and had a pre-money inventory valuation of $1.25 billion. The corporate’s financing features a absolutely dedicated $225 million PIPE backed by Arche, Borderless Capital, Hanwha Funding & Securities, InterVest, and ParaFi Capital.

Cantor’s SPAC initially held $244 million in belief, assuming shareholders wouldn’t redeem their shares. Nonetheless, lower than 30% of public shareholders elected to redeem, leaving 71.5% of the belief accessible.

Because of this, the corporate expects whole income, excluding transaction prices, to be roughly $400 million. Present traders retain possession by means of rolled shares somewhat than receiving money consideration.

Investor approval adopted the SEC’s declaration of the merger’s Type S-4 registration assertion, which grew to become efficient in early June. This step enabled shareholders to think about the transaction with the required registration supplies in place.

Tokenization platform expands in scale however posts losses each quarter

Securitize manages and lists over $4 billion in tokenized property. Its regulated actions embody SEC-registered broker-dealers, switch brokers, and different buying and selling methods in the US.

Because of this regulatory basis, the platform has been in a position to appeal to main institutional companions akin to BlackRock, Apollo, KKR, Hamilton Lane, BNY, and VanEck. Within the first quarter, we processed $1.9 billion in whole transaction quantity whereas servicing 650 energetic funds.

The corporate’s broader fund administration enterprise additionally continued to develop. It has a reported $24.9 billion in property underneath administration, together with tokenized merchandise and conventional treasury companies. In the meantime, first-quarter gross sales had been $19.5 million, up 39% year-over-year.

Regardless of this progress, profitability remained restricted. Adjusted EBITDA reached $800,000, however web loss was $7.9 million. This consequence displays elevated exercise in addition to the continuing prices of constructing and working a regulated market infrastructure.

Securitize has additionally strengthened its place inside conventional monetary markets. In March, it signed an settlement with the NYSE to help the trade operator’s deliberate digital buying and selling platform.

Below this association, Securitize grew to become the primary certified digital switch agent approved to mint blockchain-native securities for collaborating issuers.

Associated: NYSE and Securitize companion to launch 24/7 tokenized securities platform