The U.S. Securities and Exchange Commission has declared effective Securitize's S-4 registration statement, moving the tokenization firm a step closer to completing its merger with Cantor Equity Partners II. The SPAC deal, announced earlier this year, would take the company public.
What the SEC's decision means
With the S-4 declared effective, Securitize can now solicit shareholder votes from Cantor Equity Partners II stockholders. A vote is the next major milestone before the merger can close. The company did not give a specific date for the shareholder meeting but said it would happen soon.
Securitize and the tokenization play
Securitize builds software that lets companies issue digital securities — tokens representing ownership in real-world assets like real estate or private equity. The firm has raised roughly $48 million from investors including Coinbase Ventures, Blockchain Capital, and Santander InnoVentures. Going public through a SPAC gives it access to public-market capital without a traditional IPO.
Cantor Equity Partners II
The SPAC, sponsored by Cantor Fitzgerald, raised $200 million in its 2021 IPO. It has been searching for a target in the financial technology space. Merging with Securitize fits that mandate, as tokenization is a growing niche within fintech. The deal values the combined company at about $400 million.
What comes next
Securitize must now win approval from Cantor Equity Partners II shareholders. If the merger closes, the combined entity will trade on the Nasdaq under a new ticker. The company has not yet announced the date for the shareholder vote.
