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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.