Canopy Growth stock tumbles after announcing $200 million share sale plan
Cantor Equity Partners I, Inc. (NASDAQ:CEPO) recently saw a significant transaction as Cantor EP Holdings I, LLC acquired 500,000 Class A ordinary shares, totaling $5 million. The purchase was executed at a price of $10 per share on January 8, 2025, close to the current trading price of $10.05. According to InvestingPro data, the stock has maintained low price volatility, trading within a narrow 52-week range of $10.04 to $10.07. This acquisition was made through a private placement shares purchase agreement, as detailed in a recent SEC filing.
Cantor EP Holdings I, LLC, identified as a ten percent owner, is the record holder of these shares. The shares were acquired as part of a private placement agreement dated January 6, 2025, between the Sponsor and the issuer. With an average daily trading volume of 4.44M and a FAIR financial health rating from InvestingPro, investors can access additional insights and metrics through the platform. Howard Lutnick, Chairman and CEO of CF Group Management, Inc., signed the document on behalf of Cantor EP Holdings I, LLC and other related entities, highlighting his role in the transaction.
The filing underscores the interconnected ownership structure, with Cantor Fitzgerald, L.P. as the sole member of the Sponsor and CF Group Management, Inc. as the managing general partner of Cantor. While these entities may be deemed to have beneficial ownership, they have disclaimed any beneficial ownership beyond their pecuniary interest.
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