CEPT News & Events

Latest data shows the largest indicative borrow rate increases among liquid option names include: Wendy's (WEN) 27.36% +4.63, Fundrise Innovation Fund, LLC (VCX) 27.58% +3.34, KULR Technology Group (KULR) 71.11% +3.32, Sellas Life Sciences (SLS) 127.13% +2.55, Critical Metals Corp (CRML) 67.05% +2.27, New Fortress Energy (NFE) 49.84% +1.55, Arqit Quantum (ARQQ) 20.44% +1.40, Blackstone Secured Lending Fund (BXSL) 74.18% +1.18, Cantor Equity Partners II Inc (CEPT) 3.00% +1.12, and BTQ Technologies Corp. Common Stock (BTQ) 26.70% +1.11.

BlackRock (BLK) and Ethena Labs have expanded their partnership to provide institutional investors using the Aladdin risk management platform with access to Ethena's products, including Ethena USD, a synthetic stablecoin and a pillar of decentralized finance yield, according to a report by RT Watson for The Block. As part of the deal, Ethena will support a $100M liquidity facility through Securitize (SECZ), allowing BlackRock BUIDL fund clients to exchange tokens for stablecoins outside of normal market hours. Securitize is merging with Cantor Equity Partners II (CEPT) to form Securitize Corp as the publicly traded entity. The transaction is expected to close on July 1, with the combined company's common stock beginning to trade on the New York Stock Exchange under the ticker "SECZ" on July 2, subject to shareholder approval and customary closing conditions.

Securitize and Cantor Equity Partners II announced that, based on the final redemption results, holders of less than 30% of CEPT Class A ordinary shares elected to redeem. Given these results, Securitize expects to receive approximately $400M in gross proceeds from the proposed business combination between the parties, including related PIPE financings and excluding all transaction-related expenses. Additionally, subject to the CEPT shareholder approval at the Special Meeting of CEPT shareholders on June 29, and subject to the satisfaction or waiver of customary closing conditions, the proposed business combination and related PIPE financings are expected to be consummated on July 1. Following the consummation of the Business Combination, the combined company will operate as Securitize Corp., and its common stock is expected to begin trading on the New York Stock Exchange on July 2 under the ticker symbol "SECZ."