Cantor EP Holdings, LLC - Aug 12, 2024 Form 3 Insider Report for Cantor Equity Partners, Inc. (CEP)

Role
10%+ Owner
Signature
/s/ Howard Lutnick
Stock symbol
CEP
Transactions as of
Aug 12, 2024
Transactions value $
$0
Form type
3
Date filed
8/12/2024, 08:00 PM
Next filing
Aug 15, 2024

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding CEP Class B ordinary shares Aug 12, 2024 Class A ordinary shares 2.88M Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 As described in the issuer's registration statement on Form S-1 (File No. 333-280230) under the heading "Description of Securities--Founder Shares", the Class B ordinary shares will automatically convert into Class A ordinary shares at the time of the issuer's initial business combination, or at any time and from time to time at the option of the holder, on a one-for-one basis, subject to adjustment for share sub-divisions, share dividends, reorganizations, recapitalizations and the like, and certain anti-dilution rights.
F2 These shares represent Class B ordinary shares directly held by Cantor EP Holdings, LLC (the "Sponsor"). The Class B ordinary shares owned by the reporting persons include up to 375,000 shares that are subject to forfeiture in the event the underwriters of the initial public offering of the issuer's Class A ordinary shares do not exercise in full their over-allotment option as described in the issuer's registration statement.
F3 The Sponsor is the record holder of the shares reported herein. Cantor Fitzgerald, L.P. ("Cantor") is the sole member of the Sponsor. CF Group Management, Inc. ("CFGM") is the managing general partner of Cantor. Mr. Lutnick, the issuer's Chairman and Chief Executive Officer, is the Chairman and Chief Executive Officer of CFGM and the trustee of the sole stockholder of CFGM. As such, each of Cantor, CFGM and Mr. Lutnick may be deemed to have beneficial ownership of the shares directly held by the Sponsor. Each such entity or person disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest they may have therein, directly or indirectly.