CEP cep boutta rocket to 60$Cantor Equity Partners, Inc. stock forum
CEP cep boutta rocket to 60$CEP retest of 5$ XDCEP about to sky rocket back up
CEP buyer at zero
CEP Every time a new company is formed and brought to market via a SPAC, this same thing seems to happen. Retail investors rush in, run up the price of the SPAC above it's actual cash value (which is the only value a SPAC holds) and then cry foul or are in disbelief when they find out they have overpaid for a bag of cash.CEP is a SPAC and is regulated as such by the SEC. It raised $100 million with its IPO of 10 million issued shares for a value of $10 each. That is all it is worth. It can't sell more shares, operate a business or have income or losses. It's IPO money is locked away in a trust account and can't be touched unless used for a shareholder approved merger or acquisition.
At that time the trust is emptied with the funds going to the target company. Any excess funds left over are returned to shareholders. Then it ceases to exist. The newly formed company then starts trading under a new ticker symbol, bypassing the traditional IPO method of going public.
There are pros and cons to using SPACs as a vehicle to go public, with proponents and detractors of the method.
The main thing for CEP shareholders to realize is that no matter if the stock falls to $1 or climbs to $1000, each share only has cash value of $10 each. No more, no less.
If you don't like the deal that the SPAC puts together, you can surrender your shares back to the SPAC for $10 each. That is the exact same amount of credit you will receive in the newly formed company if you choose not to surrender your shares. No more, no less.
The percentage of the newly formed company you will own will be adjusted to account for the price of BTC on the day of closing. The CEP share percentage will be adjusted lower if BTC is higher than $84,863.57. Or it will be adjusted higher if Bitcoin is lower than $84,863.57. That seems backwards, but that's because the PIPE investors have effectively locked in THEIR Bitcoin price at $84,863.57 each. So they are already in the money with BTC at $94,500.
However, the PIPE investors have the option to take up to $100 million of "over allocation" shares of the new company, which will dilute their share percentage somewhat. Assuming their shares are still in the money at closing, it's a safe bet they will take the extra.
Bottom line: With BTC at $94,500 and the PIPE investors taking the extra $100 million in shares, CEP shareholders would own 2.58% of the newly formed company. That will only change if the SPAC scraps the current deal, notifies the SEC via an 8K filing and then starts over from scratch. Elsewise this thing is locked.
CEP CEP is merging with 21. CEP will be getting a new ticker. Nobody knows what value each stock of CEP will be given. It most likely will be a lower value. FOMO makes people make bad decisions.
CEP I will be a buyer at 10$
CEP Will go down as fast as it went up.
Buys @ 11$ or 18$ were gaps are, have to touch the 21 d ma. We are so far away.
Plus there offerings are 10$ something. Will accumulate for next ride up.
CEP add the increase in CPE mkt cap of $473 million to the 3..7 b mkt cap assumed in merger agmt and you get the mkt cap of XXI post merger at current CEP price … abt 4.173 b … investors have barely added any multiple to bitcoin holdings of XXI because merger agmt was done with bitcoin prices at abt 84k per share … a multiple of abt 1.035 times the value of XXI’s 42k in bitcoin.