Columbus Circle Capital Corp. II successfully closed an initial public offering that raised $230 million by selling 23 million units at $10 apiece. The total includes 3 million additional units from the full exercise of the underwriters' over-allotment option.
The company commenced trading on the NASDAQ Global Market on February 11, 2026, under the ticker symbol CMIIU. Each unit issued in the offering comprises one Class A ordinary share and one-third of one redeemable warrant. When exercised as whole warrants, those instruments will permit the purchase of one Class A ordinary share at a strike price of $11.50 per share, subject to customary adjustments.
Columbus Circle Capital II indicated that, once the unit components begin to trade separately, the Class A ordinary shares and the warrants are expected to list on NASDAQ under the symbols CMII and CMIIW, respectively. The company also noted that no fractional warrants will be issued when units separate into their component securities.
Cohen & Company Capital Markets acted as the lead book-running manager on the offering, with Clear Street LLC serving as joint book-runner. A subsidiary of Cohen & Company Inc. (NYSE American: COHN) served as the sponsor to Columbus Circle Capital Corp. II.
The Securities and Exchange Commission declared the registration statement effective on January 30, 2026. In connection with the offering and a simultaneous private placement, Columbus Circle Capital II placed $230 million of proceeds into a trust account intended for the benefit of public shareholders.
Columbus Circle Capital Corp. II is structured as a blank check company formed to pursue mergers, acquisitions or other similar business combinations with one or more businesses in any industry or geographic location. The firm’s management team is led by Chief Executive Officer Gary Quin and Chief Financial Officer Joseph W. Pooler, Jr.
Contextual note - As a blank check company, Columbus Circle Capital Corp. II has been capitalized through its public offering and related private placement, and those funds currently sit in a trust account pending the identification and completion of qualifying business combinations.