New York, May 26, 2026, 13:09 EDT
Cantor Equity Partners II Inc. stock was down 2 cents at $12.95 Tuesday afternoon as traders eyed the planned Securitize merger. The Nasdaq SPAC moved in a $12.75 to $13.05 range, with some 433,600 shares changing hands. That puts the market cap around $396 million.
CEPT is trading differently from a typical operating company. The stock is a SPAC — basically a listed shell that plans to combine with another business. CEPT shares have turned into a way for public investors to track Securitize before that business goes public.
CEPT has agreed to merge with Securitize, according to an Oct. 27 filing. The plan calls for CEPT to be folded into a new public company linked to Securitize. Non-redeeming holders of CEPT Class A shares would get one Pubco share for every CEPT share they own.
Nasdaq reopened Tuesday after staying shut Monday for Memorial Day. Normal U.S. trading runs 9:30 a.m. to 4 p.m. Eastern, with Memorial Day listed as a market holiday for 2026.
The broader market outpaced CEPT. Reuters said the Nasdaq Composite added 1.05% and the S&P 500 gained 0.61% late Tuesday morning, lifted by tech and AI stocks. Adam Sarhan, CEO at 50 Park Investments, told Reuters there was a “very high likelihood” Middle East tensions would settle peacefully. Reuters
CEPT is still trading above the $10 a share listed in its initial public offering papers. That’s a sign traders are valuing the Securitize deal, not just treating the stock as cash parked in trust. The prospectus also said pricing for CEPT shares could be more random than for shares in operating companies, since CEPT is a blank-check company.
Securitize said last week it posted first-quarter revenue of $19.5 million, a 39% jump from the same period last year. Assets under management reached $3.4 billion on March 31. The firm’s main business is tokenization—putting ownership records for assets like funds or stocks onto a blockchain. Chief Executive Carlos Domingo described it as the “most consequential upgrade” to U.S. capital-market infrastructure in a generation.
Peer-wise, CEPT’s nearest comp on Tuesday came from another SPAC. Churchill Capital Corp IX was trading at $10.78, off a penny, on low volume. CEPT’s action was tied more to its pending deal than to peers like Churchill.
The risks around the Securitize deal are still clear. The agreement is subject to various closing hurdles, like CEPT shareholder approval, finalizing the registration statement, and how many investors decide to redeem their shares for cash. Ongoing regulatory uncertainty in digital assets and tokenized securities is another overhang.
CEPT’s next move probably depends on filings, voting updates or a fresh announcement from the company. Traders say CEPT is set to act more like a live deal ticket than a typical small-cap financial—reacting to shifts in market mood, crypto sentiment, and investor confidence in Securitize’s chances for a public debut.
