BGC Partners Inc. has entered into a controlled equity offering sales agreement with Cantor Fitzgerald & Co., pursuant to which BGC Partners may offer and sell up to $300 million in shares of its class A common stock from time to time through Cantor Fitzgerald as the sales agent under the agreement.
The sales agreement follows the company's prior controlled equity offering agreement with Cantor Fitzgerald in April 2017.
The company intends to use the net proceeds from the sale for general corporate purposes.
Cantor Fitzgerald & Co. is a wholly owned subsidiary of Cantor Fitzgerald LP and an affiliate of BGC Partners.
