Cantor Equity Partners (CEP) Registration Filing summary

Company overview and business model

• Formed as a Cayman Islands exempted company to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses, with no specific target identified at the time of the IPO.

• Focus on industries where management and affiliates have expertise, including financial services, healthcare, real estate services, technology, and software.

• Management team led by Howard W. Lutnick (Chairman/CEO) and Jane Novak (CFO), both with significant experience at Cantor Fitzgerald and its affiliates.

• Affiliated with Cantor Fitzgerald, leveraging its global network and history of successful acquisitions and SPAC sponsorships.

• No operations or revenues to date; proceeds from the IPO will be used to identify and complete a business combination.

Financial performance and metrics

• As of March 31, 2024: working capital deficiency of $325,664, total assets of $10,068, total liabilities of $325,664, and shareholder's deficit of $315,596.

• No operating revenues; only non-operating income expected from interest on trust account investments.

• Net loss for the three months ended March 31, 2024 was $20,555.

• Deferred offering costs of $10,068 as of March 31, 2024.

Use of proceeds and capital allocation

• $100,000,000 from the IPO and $3,000,000 from the private placement will be raised; $100,000,000 (or $115,000,000 if over-allotment is exercised) will be placed in a trust account at J.P. Morgan Chase Bank, N.A.

• $250,000 of net proceeds not held in trust, plus up to $1,750,000 in working capital loans from the sponsor, will be used for legal, accounting, due diligence, D&O insurance, office space, and miscellaneous expenses.

• Proceeds in the trust account may only be used for a business combination, redemptions, or liquidation, with interest available to pay taxes.

• Sponsor has committed to provide up to $1,750,000 in working capital loans, repayable only if a business combination is completed.