Cantor Equity Partners (CEPT) is a SPAC — a blank check company with no operations — sponsored by and affiliated with Cantor Fitzgerald, the diversified financial services firm. CEPT raised $240M in its IPO in May 2025 at $10.00 per share, placing those funds in a trust account invested in U.S. government securities while it searches for a merger target. CEPT has already identified its target: Securitize, a private company in the digital assets and tokenization space. The deal was signed in October 2025, and if completed, Securitize would become a publicly traded company via the merger. CEPT also arranged a $225M PIPE concurrent with the deal announcement. If the deal closes, public shareholders receive shares in the combined company; shareholders who prefer not to participate can redeem their shares for approximately $10.43 per share. If CEPT fails to complete a deal by May 5, 2027, it liquidates and returns trust funds to shareholders. The Sponsor acquired its founder shares at a steep discount to the IPO price, meaning Cantor stands to profit even on modest post-merger outcomes. Cantor Fitzgerald's investment banking arm, CF&Co, is engaged as advisor and placement agent and will receive a fee upon closing. Management's sourcing of deal opportunities relies primarily on Cantor Fitzgerald's network and relationships.