Securitize completes CEPT merger; shares to trade on NYSE as SECZ
Securitize Corp., formerly CEPT's public parent, completed its business combination with CEPT on July 1, 2026, and is now listed on the New York Stock Exchange under SECZ. The filing shows large pro forma losses for 2025 and early 2026, and lock-up and registration rights covering a large share of outstanding stock that could affect future share supply.
Key points
- Merger closed July 1, 2026; PubCo renamed Securitize Corp. and listed on NYSE as SECZ
- Securitize equity value of $1.25 billion; PIPE investors bought 19,735,000 shares at $10.00 for about $197.35 million
- CEPT shareholders redeemed 6,842,508 shares for $72.5 million, about $10.60 per share
- Pro forma revenue was $19.5 million and net loss $5.4 million for Q1 2026; $62.2 million revenue and $57.6 million net loss for 2025
The filing
Written by AI on Nov 9, 2026, 11:48 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 08, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.