Overview
- Cantor Equity Partners shareholders approved the business combination on Dec. 4, with closing targeted around Dec. 8 pending remaining conditions and SEC filings.
- Class A shares are expected to begin trading on the NYSE on Dec. 9 under the ticker XXI, with the merged company retaining the Twenty One Capital name and Jack Mallers as CEO.
- The firm plans to launch with about 43,514 BTC worth roughly $4 billion, positioning it as the largest bitcoin treasury company listed on the NYSE and among the largest public holders overall.
- Backers include Tether, Bitfinex, SoftBank and Cantor Fitzgerald, supported by a $585 million PIPE and $100 million in convertible notes, including a 5,800 BTC addition from Tether.
- The company says it will publish a bitcoin-per-share metric with real-time, on-chain proof-of-reserves, and CEP shares jumped about 22% following the merger approval announcement.