CEPT Closes Securitize Combination; RAAQW Completes IQM Finland Merger

DeSPAC Closings

Cantor Equity Partners II (CEPT) closed its business combination with Securitize, Inc., finalizing the de-SPAC transaction. The closing represents the completion of CEPT's merger process and marks the entry of the combined entity into publicly-traded status. For stakeholders including CEPT sponsor shareholders and Securitize PIPE participants, the closing triggers the formal post-combination operational phase.

Real Asset Acquisition Corp. (RAAQW) completed its business combination with IQM Finland Oy on the same trading date. The transaction finalizes RAAQW's de-SPAC event and brings IQM Finland into U.S. public markets through the reverse-merger structure. Like the CEPT combination, the RAAQW closing concludes its merger documentation and shareholder vote periods, marking the transition to post-closing trading and governance.

Both de-SPAC closings executed on the trading day represent successful completions of their business combination timelines. For merger-arbitrage portfolios, deSPAC PIPE investors, and institutional holders tracking SPAC activity, these two finalization events add to the ongoing cadence of de-SPAC completion volume. Each closed combination transitions from pre-closing documentation and SEC compliance phases into the combined-entity operational period, when the new public company structure enters active trading liquidity and full management execution.