COHN · Cohen & Company Inc.

Summary

Cohen & Company Inc. announced that Columbus Circle Capital Corp. II (CMIIU), a SPAC it sponsors, completed its IPO of 23,000,000 units for $230 million in gross proceeds. Cohen & Company Capital Markets acted as lead underwriter, and the Operating LLC consolidated the Sponsor's investment.

Key takeaways

• Columbus Circle Capital Corp. II completed its IPO on February 12, 2026, selling 23,000,000 units at $10.00 per unit for gross proceeds of $230,000,000.
• Cohen & Company Capital Markets, a division of the Company's subsidiary, acted as the lead underwriter for the IPO.
• The Operating LLC, a subsidiary of Cohen & Company Inc., is the managing member of the Sponsor and consolidates the Sponsor's investment.
• The Sponsor purchased 265,000 placement units for $2,650,000, with the entire amount raised from third-party investors treated as non-controlling interest.
• CCM used its $3,600,000 underwriting fee to purchase 360,000 placement units in the private placement.
• The SPAC has 24 months to consummate a Business Combination, with $230,000,000 placed in a trust account.