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Twenty one is a new kind of public company According to the announcement, twenty one and cep have lined up $585 million in new funding concurrent with the merger, comprising $385 million in convertible senior notes and $200 million in a pipe (private investment in public equity). Built on bitcoin, backed with proof, and driven by a vision to reshape the global financial system.

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The merger adds funding to a company aimed. The spac route allows twenty one to go public relatively quickly, raising significant capital in the process The company plans to go public on nasdaq through cantor equity partners (nasdaq

Cep) under the new ticker symbol xxi

Additionally, it aims to raise $585 million through convertible senior secured notes and a common equity pipe financing Twenty one capital will introduce a new vehicle for institutional investors seeking secure exposure to bitcoin without directly holding the underlying asset.