TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Cantor Equity Partners, Inc. Class A ( (CEP) ) has provided an announcement.
Cantor Equity Partners, Inc. (CEP) announced a significant business combination agreement with several entities, including Twenty One Capital, Inc., and Tether Investments, S.A. de C.V., aimed at enhancing its market position. As part of this agreement, CEP and Pubco entered into subscription agreements with new investors for a private placement of CEP Class A ordinary shares, raising $165 million. The proceeds will be used to purchase Bitcoin, with the closing contingent on the completion of the business combination. The agreement includes provisions for registering the shares for resale, ensuring liquidity for investors.
More about Cantor Equity Partners, Inc. Class A
Average Trading Volume: 3,740,052
Technical Sentiment Signal: Strong Buy
Find detailed analytics on CEP stock on TipRanks’ Stock Analysis page.