Cantor Equity IV

This filing establishes the trust account value at $10.00 per public share ($450,000,000 for 45,000,000 public shares) and sets the 24-month deadline for completing a business combination to August 22, 2027. It confirms sponsor and insider lock-up provisions, that no target has been identified, and that all IPO-related documents are in place. Investors tracking redemption mechanics now have the baseline trust value and liquidation deadline.

This is the primary offering document for CEPF, providing investors with the trust value ($10.00 per share), the 24-month deadline (August 2027), redemption mechanics, and detailed disclosure of sponsor compensation, conflicts of interest (including with other Cantor SPACs), and the low-cost founder share structure. It is the baseline for tracking all future developments, including deal announcements, extension votes, and redemptions.

For investors tracking redemption mechanics and trust distributions, this filing confirms active capital market preparation but introduces no alterations to the existing shareholder withdrawal framework or conversion timetable. According to the correspondence, the company makes no claims regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or additional personnel. The acceleration request merely aligns the prospectus effective date with impending pricing logistics, establishing a near-term operational milestone prior to any potential business combination emerging.

This filing provides the definitive mechanics for the IPO. Key terms for redemption tracking: the trust is $10.00 per public share (not units), and the deadline is 24 months from IPO close. The sponsor (Cantor EP Holdings IV, LLC) holds 11.5M founder shares (up to 1.5M subject to forfeiture) and will purchase 900K private placement shares at $10.00 each, totaling $9M. Sponsor and insiders agree to vote in favor of any business combination and waive redemption rights on founder/private shares. No warrants are included. The sponsor paid $0.002 per founder share, creating a material conflict of interest—sponsor can profit even if the deal destroys public shareholder value. Affiliate conflicts are extensive: Cantor-controlled entities have 12 other SPACs, with 4 still active and searching (CEP, CEP I, CEP II, CEP III). Two prior Cantor SPACs liquidated (CFAC IV in Dec 2023, CFAC VII in Dec 2024). The document details sponsor compensation: $8M underwriting fee, $14M business combination marketing fee (up to $17.3M with over-allotment), $10K/month for office, and up to $1.75M in working capital loans convertible at $10/share. The risk factors section is crucial—it explicitly warns of the SEC's SPAC Rules (Jan 2024) and the risk of being deemed an investment company under the Investment Company Act, which could force liquidation. The dilution table shows that even with no redemptions, public shareholders face 24.2% dilution to $7.58 per share.

Establishes the core redemption and liquidation framework for CEPF: public shareholders may redeem at the trust value in connection with a business combination or extension-related amendment, a 15% redemption cap applies if a shareholder vote is held, and public shares are redeemed at trust value if no deal closes within the deadline. It also discloses sponsor economics, founder/private placement share terms, conflicts with other Cantor-sponsored SPACs, and that this is a share-only IPO with no warrants.

The SEC’s line of questioning forces explicit quantification of how founder economic advantages interact with purchaser dilution if the capital raise fluctuates, which directly informs redemption valuation models and exit math. The documented tri-SPAC search architecture establishes an internal allocation hierarchy that may compress deal execution windows or increase bidding friction among sister entities before the announced timeline expires. Regulatory scrutiny at this drafting stage often precedes formal shelf registration or IPO pricing adjustments, making these prospectus amendments relevant for tracking sponsor governance alignment and pre-marketing investor protections.

Because the registration statement remains subject to SEC feedback, neither PIPE financing, target identification, nor merger voting timelines have been finalized. The staff’s directives clarify how sponsor-level deal allocation and founder share anti-dilution mechanics will operate publicly before any business combination occurs. Investors tracking the August 22, 2027 expiration should note that resolving these disclosure requirements delays the S-1 effectiveness but does not alter the underlying trust accounting or shareholder redemption options. Every requested modification pertains exclusively to prospectus drafting compliance rather than substantive contract changes.

This filing introduces a new SPAC into the market with a $200 million trust. Investors can now track the IPO progress, the trust value per share, and upcoming redemption deadlines (24 months from IPO closing). The structure is notable for not including warrants, which may reduce dilution. The background of the management team and their affiliation with Cantor Fitzgerald, as well as the track record of prior Cantor-sponsored SPACs (some which completed successful business combinations and some which liquidated), provides context for evaluating the sponsor's ability to identify and close a deal. The filing also details potential conflicts of interest between the sponsor, management, and Cantor Fitzgerald.

What changed: A Joint Filing Agreement (Exhibit A) attached to an amended Schedule 13G beneficial ownership report concerning Cantor Equity Partners IV, Inc. This attachment contains only regulatory boilerplate authorizing eight Harraden Circle investment vehicles and Frederick V. Fortmiller, Jr. to file a single Schedule 13G on behalf of all parties under Exchange Act Rule 13d-1(k). The excerpt provides no share quantities, ownership percentages, transaction dates, or stated purposes for the amendment. Because the filing is marked 'A' (amendment), the filers implicitly assert a change in either the size of their beneficial ownership, the character of that ownership, or a correction to a prior disclosure relative to their most recent Schedule 13G. No redemption triggers, trust disbursement events, extension mechanisms, target identification, or sponsor governance changes are referenced or altered by this signature exhibit. Why it matters: The document clarifies the exact reporting constellation behind the CEPF position: multiple limited partnerships and general partners are structurally controlled by Fortmiller as Managing Member, consolidating disparate entity holdings into one public disclosure. For investors tracking institutional positioning and sponsor conduct, this mapping shows unified reporting rather than fragmented individual filings. The filing contains no commentary on customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel shifts, and it does not advance the SPAC’s SEARCHING status, modify the $10.23 trust/share baseline, or alter the 2027-08-22 liquidation deadline. It remains a procedural compliance addendum with no direct mechanical impact on redemption calendars, trust valuations, or deal timelines.

What changed: ANNUAL REPORT ON FORM 10-K FOR THE FISCAL YEAR ENDED DECEMBER 31, 2025, FILED BY CANTOR EQUITY PARTNERS IV, INC., A SPAC IN ITS SEARCH PHASE, REPORTING ITS FIRST FULL YEAR OF OPERATIONS AFTER ITS AUGUST 2025 IPO AND PRIVATE PLACEMENT. THE COMPANY COMPLETED ITS INITIAL PUBLIC OFFERING OF 45,000,000 CLASS A SHARES AT $10.00 PER SHARE ON AUGUST 22, 2025, GENERATING $450,000,000 IN GROSS PROCEEDS, AND SIMULTANEOUSLY SOLD 900,000 PRIVATE PLACEMENT SHARES TO THE SPONSOR FOR $9,000,000. THE TRUST ACCOUNT HELD $456,710,724 AS OF DECEMBER 31, 2025, WITH A REDEMPTION PRICE OF $10.15 PER SHARE. THE COMPANY RECORDED NET INCOME OF $6,132,022 FOR 2025 (VS. A NET LOSS OF $7,046 IN 2024), DRIVEN BY $6,425,890 IN INTEREST INCOME ON TRUST INVESTMENTS. THE TRUST ASSETS WERE TRANSFERRED FROM J.P. MORGAN TO A CUSTODIAL ACCOUNT AT CF SECURED, AN AFFILIATE OF THE SPONSOR, ON AUGUST 25, 2025. THE SPONSOR SURRENDERED 250,000 CLASS B SHARES TO MAINTAIN 20% OWNERSHIP. ALAN RIFFKIN WAS APPOINTED AS A DIRECTOR IN FEBRUARY 2026. NO BUSINESS COMBINATION HAS BEEN ANNOUNCED; THE COMBINATION PERIOD RUNS TO AUGUST 22, 2027. Why it matters: THIS IS THE SPAC'S FIRST AUDITED ANNUAL REPORT POST-IPO, PROVIDING INVESTORS WITH THE CURRENT TRUST VALUE ($10.15 PER SHARE), INTEREST EARNINGS, EXPENSES, AND SPONSOR ARRANGEMENTS. NOTABLE CONCERNS INCLUDE THE TRUST ACCOUNT BEING CUSTODIED BY A SPONSOR AFFILIATE (CF SECURED) RATHER THAN AN INDEPENDENT BANK, AND THE SPONSOR'S LOW COST BASIS (~$0.002 PER FOUNDER SHARE) CREATING A STRONG INCENTIVE TO COMPLETE A DEAL EVEN ON UNFAVORABLE TERMS. THE FILING ALSO DISCLOSES THE $16,750,000 MARKETING FEE PAYABLE TO CANTOR FITZGERALD & CO. UPON A BUSINESS COMBINATION AND THE EXISTENCE OF MULTIPLE SIBLING SPACS THAT MAY COMPETE FOR TARGETS. FOR SHAREHOLDERS, THIS CONFIRMS THE TRUST IS INTACT, THE DEADLINE IS AUGUST 22, 2027, AND THE SPONSOR HAS DRAWN $31,000 OF A $1,750,000 WORKING CAPITAL LOAN.

What changed: SEC Form 3, an initial statement of beneficial ownership for Cantor Equity Partners IV, Inc. Director Alan Riffkin’s Form 3 explicitly states there are no non-derivative transactions or holdings reported. It does not adjust the $10.23 per share trust value, advance the August 22, 2027 liquidation deadline, or announce a business combination target. Why it matters: Form 3 filings establish the regulatory baseline for insider equity positions. Because Riffkin’s submission records zero reported stakes, it confirms no change in director ownership while the SPAC remains in SEARCHING status. The filing contains no commentary on market size, revenue models, technology, partnerships, litigation, or personnel. For investors tracking redemption calendars, extension mechanisms, or sponsor conduct, this submission signals operational continuity rather than a material timeline shift or deal progression.

What changed: Form 8-K current report regarding the appointment of a new director and related compensatory arrangements under Item 5.02. Effective February 10, 2026, the board of directors appointed Alan Riffkin as a Class II director and placed him on the audit and compensation committees. The board approved director compensation of $50,000 per year, paid quarterly. The filing contains no updates to the redemption deadline (August 22, 2027), no changes to the trust account valuation ($10.23 per share), and no announcements regarding a target acquisition or merger extension. Why it matters: According to the filing signed by Chief Executive Officer Brandon Lutnick, the board determined Riffkin is qualified based on his extensive real estate and finance experience. The registrant detailed that Riffkin has been Managing Member of AFR Capital Advisory LLC since December 2020, serves as Executive Chairman and Treasurer of AirWave Lease Insights since March 2024, previously served on the board of Resource REIT, Inc. until its multi-billion dollar sale in May 2022, and held senior roles at Lazard Freres & Co LLC, Goldman Sachs & Co., and Citicorp. These personnel moves suggest the sponsor is structuring board expertise ahead of a potential deSPAC transaction aligned with real estate or investment sectors. The $50,000 annual fee sets a baseline governance cost. No shareholder vote or redemption event is triggered, but the board refresh indicates active preparation for a business combination.

What changed: A joint filing agreement (Exhibit 99.A) attaching to a Schedule 13G beneficial ownership report. The agreement establishes that Harraden Circle Investments, LLC, Harraden Circle Investors GP, LP, Harraden Circle Investors GP, LLC, Harraden Circle Investors, LP, Harraden Circle Special Opportunities, LP, Harraden Circle Strategic Investments, LP, Harraden Circle Concentrated, LP, and Frederick V. Fortmiller, Jr. will file jointly regarding beneficial ownership in Cantor Equity Partners IV, Inc. under Rule 13d-1(k). This filing alters nothing regarding the SPAC’s redemption calendar, trust account balance per share, extension mechanics, business combination progress, or sponsor governance protocols. No monetary values, share counts, or transaction dates appear in the text. Why it matters: The document merely consolidates regulatory submission logistics for related funds and individuals controlled by Mr. Fortmiller, who signs as Managing Member across each entity. Because it contains no substantive assertions about customer concentration, revenue streams, addressable markets, proprietary technology, strategic alliances, ongoing litigation, or personnel appointments, it does not shift capital deployment expectations or shareholder redemption windows.

What changed: Quarterly report (10-Q) for a newly public blank-check company (SPAC). This is the first quarterly report since the Company's IPO on August 22, 2025. It reports the receipt of $450 million in IPO proceeds, $9 million from a private placement, the investment of those funds in U.S. government securities, and the recognition of approximately $1.6 million of net income from interest income on the trust account in the nine months ended September 30, 2025. The trust held $452.2 million at quarter-end (including $0.4 million of unrealized gains) and the Company held $101,829 of cash outside the trust. No business combination has been announced; the Company remains in the search phase. Why it matters: The filing confirms that the SPAC shares began trading and the trust was funded. It establishes a redemption value of $10.05 per share. The trust is now invested in Treasury bills custodied at CF Secured (an affiliate of the sponsor), rather than at J.P. Morgan. The sponsor surrendered 250,000 founder shares to maintain the 20% cap. No party has adopted or terminated a 10b5-1 trading plan. The deadline for a business combination is August 22, 2027.

What changed: A Schedule 13D/A amendment disclosure filed with the SEC to report modifications to beneficial ownership positions in the registrant’s securities. The provided XML excerpt contains only the filing header and a system annotation stating 'Structured holder table not present in this XML variant.' No numerical data, transaction dates, purchase or disposition prices, aggregate share counts, percentage thresholds, or identity of the reporting person(s) are visible in this submission. Accordingly, no specific adjustments to holdings, redemption floor implications, or extension financing commitments can be extracted from the text supplied. Why it matters: For Cantor Equity IV, which is currently searching for a business combination target with a trust value of $10.23 per share and a deadline of 2027-08-22, the filing of a 13D/A indicates that at least one holder has altered its stake relative to a prior disclosure. In SPAC ecosystems, amendments frequently accompany strategic activities relevant to investors tracking redemption pressure and sponsor conduct, such as warrant exercises, secondary placements, extension vote preparations, or forward purchase agreements. While this particular excerpt omits the underlying table necessary to verify whether the amendment reflects accumulation, dilution, or an administrative update, the existence of the amendment itself alerts investors to repositioning activity that could influence redemption expectations, liquidity dynamics, or the sponsor’s ability to fund a prospective deal. The document contains no claims regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel. All observations derive strictly from the structural classification of the filing and the metadata provided; no external facts or computed figures are introduced, and no monetary or temporal conventions beyond the explicitly stated $10.23 trust value and 2027-08-22 deadline are referenced.(flagged for human review)

What changed: Schedule 13D/A amending filing containing an exhibit that is a Purchase Agreement dated May 16, 2025. The filing alters none of the SPAC’s redemption mechanics, trust accounting, extension deadlines, deal progression, or sponsor oversight protocols. According to the Purchase Agreement, Howard W. Lutnick, in his capacity as trustee of the Howard W. Lutnick Revocable Trust, contracted to sell one voting share of CF Group Management, Inc. to the investment trustees of the CJL Management Trust (Kyle S. Lutnick, Brandon G. Lutnick, Casey J. Lutnick, and Ryan G. Lutnick) for a fixed consideration of $50,000. The document specifies the seller previously held four voting shares, outlines parallel acquisitions for the KSL Management Trust, BGL Management Trust, RGL Management Trust, Dynasty Trust A, and several other Lutnick-administered trusts, and establishes a closing timeframe of three Business Days following condition satisfaction with a hard expiration of May 18, 2026. Section 4.06 represents that the acquiring trusts hold the securities for long-term investment rather than for resale under the Securities Act of 1933. Why it matters: For investors tracking redemption schedules, trust valuations, extension votes, or merger execution, this exhibit confirms zero operational or financial linkage to Cantor Equity IV’s public shell status. The $50,000 transaction price applies exclusively to a single privately held voting share of the management entity and does not calibrate to the SPAC’s trust balance, affect unit liquidity, or signal target acquisition activity. All factual assertions—including the absence of pending litigation, representations of sufficient funding, exclusive dealing provisions, and Delaware Chancery jurisdiction—are contractual warranties voluntarily undertaken by the named Lutnick trustees and grantors. The filing contains no data on customer concentrations, revenue streams, market capitalizations, technological roadmaps, or partnership commitments relevant to potential business combinations. It stands as a routine internal wealth structuring instrument.

What changed: A Form 4 insider ownership report disclosing a secondary market equity transaction. According to the Form 4, Lutnick Brandon, identified in the filing as director, Chairman and CEO and a 10% owner, executed an open-market purchase on 2025-10-06 acquiring 900,000 shares, resulting in post-transaction holdings of 900,000 shares per the disclosure. Regarding SPAC mechanics, the Form 4 introduces no developments affecting the $10.23 trust/share value, the 2027-08-22 deadline, extension procedures, business combination targets, or investor redemption windows. Beyond the insider transaction, the filing makes no other substantive claims, containing zero commentary on customer concentrations, revenue figures, market sizing, strategic directives, technology roadmaps, partnership agreements, active litigation, or executive roster changes. Why it matters: For investors monitoring redemption deadlines, trust value, extensions, deal progress and sponsor conduct, this submission exclusively records a routine market purchase by the Chairman and CEO rather than any trust account allocation, merger advancement, or procedural amendment. The purchase of 900,000 shares may reflect personal capital alignment, but it does not modify per-share trust balances, accelerate the search timeline toward the 2027-08-22 expiration, trigger an extension vote, or establish a qualified business combination. Because the Form 4 supplies no cash deployment metrics, warrant exercise parameters, or acquisition milestones, it leaves the existing valuation and calendar framework entirely unchanged.

What changed: FORM 4 — insider ownership report. According to the submission, Cantor EP Holdings I, LLC (identified in the filing as director, Chairman and CEO, and 10% owner) executed an open-market purchase on 2025-10-06, acquiring 900,000 shares and holding 900,000 shares after the transaction. The report contains no updates to the SEARCHING status, the 2027-08-22 redemption deadline, the $10.23 per-share trust value, extension mechanics, merger deal progress, or sponsor-conducted target evaluation. No claims regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or executive personnel changes appear in the document. Why it matters: For investors tracking the 2027-08-22 deadline and the $10.23 trust/share balance, the filing does not modify the unit structure, conversion ratios, liquidation waterfall, or default redemption window. The open-market purchase recorded by the reporting insider reflects outside-capital accumulation that does not interact with the trust account, trigger distribution events, or reset the expiration clock. Absent a forthcoming proposed business combination, conversion proposal, or extension amendment, this routine compliance exhibit preserves the existing mechanical parameters while establishing a verified equity baseline for the sponsoring entity ahead of any future proxy solicitations.