Cantor Equity Partners I, Inc. (NASDAQ:CEPO), a blank check company with a current market capitalization of $256.53 million, has successfully closed its initial public offering (IPO) and private placement, securing a total of $205 million on January 8, 2025.
The stock currently trades at $10.05, showing remarkably low price volatility according to InvestingPro data. The IPO involved the sale of 20 million Class A ordinary shares at a price of $10 per share, resulting in gross proceeds of $200 million. Concurrently, the company sold 500,000 Class A ordinary shares to its sponsor, Cantor EP Holdings I, LLC, at the same price per share in a private placement, adding $5 million to the total funds raised. For investors interested in tracking SPAC investments, InvestingPro offers comprehensive metrics and real-time analysis tools to monitor blank check companies effectively.
The net proceeds from the IPO and the private placement have been deposited into a trust account with Continental Stock Transfer & Trust Company, with a total of $200 million, or $10 per public share, being placed in the account.
The company, headquartered at 110 East 59th Street, New York, NY, and incorporated in the Cayman Islands, has also released an audited balance sheet as of January 8, 2025, which reflects the receipt of the proceeds from the IPO and the private placement. This financial statement is included as Exhibit 99.1 in the company's current report on Form 8-K filed with the SEC.
Cantor Equity Partners I, which operates under the industrial classification of blank checks, has not specified any immediate business plans or acquisitions. As an emerging growth company, it has the option to comply with new or revised financial accounting standards at its discretion.
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