Cantor Equity Partners III, Inc.'s (NASDAQ:CAEP) Quiet Period Set To Expire on August 5th

Key Points

• Cantor Equity Partners III's quiet period is set to expire on August 5th, allowing brokerages that underwrote the company's IPO to begin research coverage.
• The company raised $240 million by issuing 24 million shares at an initial price of $10 each during its IPO on June 26th.
• A hedge fund, Tuttle Capital Management LLC, recently acquired a new stake of 30,000 shares in Cantor Equity Partners III, valued at approximately $316,000.

Cantor Equity Partners III's (NASDAQ:CAEP - Get Free Report) quiet period is set to end on Tuesday, August 5th. Cantor Equity Partners III had issued 24,000,000 shares in its initial public offering on June 26th. The total size of the offering was $240,000,000 based on an initial share price of $10.00. During Cantor Equity Partners III's quiet period, underwriters and any insiders involved in the IPO are restricted from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company's quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Cantor Equity Partners III to a "hold" rating in a report on Saturday, July 5th.

Cantor Equity Partners III Stock Up 0.1%

NASDAQ:CAEP traded up $0.01 during mid-day trading on Friday, reaching $10.49. 11,476 shares of the stock were exchanged, compared to its average volume of 257,046. Cantor Equity Partners III has a 1-year low of $10.30 and a 1-year high of $11.09.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CAEP. FNY Investment Advisers LLC acquired a new position in Cantor Equity Partners III during the second quarter worth about $87,000. Cannon Global Investment Management LLC acquired a new position in Cantor Equity Partners III during the second quarter worth about $127,000. Finally, Tuttle Capital Management LLC purchased a new position in Cantor Equity Partners III in the 2nd quarter worth about $316,000.

About Cantor Equity Partners III

We are a blank check company incorporated on November 11, 2020 as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination.