Cantor Equity Partners VII has priced its initial public offering of 25 million class A ordinary shares at $10 each for gross proceeds of $250 million, the company said late Tuesday.

The blank-check firm granted the underwriters a 45-day option to purchase up to about 3.8 million additional shares.

Shares are expected to debut on the Nasdaq Global Market on Wednesday under the ticker "CAES."

Closing is expected to occur on Thursday, subject to customary closing conditions.