Columbus Circle Capital raises $230 million in IPO

Columbus Circle Capital Corp. II (NASDAQ: CMIIU) completed its initial public offering, raising $230 million through the sale of 23 million units priced at $10 each, according to a company statement.

The offering included 3 million units issued through the full exercise of underwriters' over-allotment option. Units began trading on the Nasdaq Global Market on February 11, 2026.

Each unit consists of one Class A ordinary share and one-third of one redeemable warrant. Each whole warrant allows the holder to purchase one Class A ordinary share at $11.50, subject to adjustments. The Class A ordinary shares and warrants are expected to trade separately on Nasdaq under symbols "CMII" and "CMIIW" respectively.

Cohen & Company Capital Markets served as lead book-running manager, while Clear Street LLC acted as joint book-runner. A subsidiary of Cohen & Company Inc. (NYSE American: COHN) also acted as sponsor of the company.

The Securities and Exchange Commission declared the registration statement effective on January 30, 2026. Proceeds of $230 million were placed in the company's trust account for public shareholders' benefit.

Columbus Circle Capital Corp. II is a blank check company formed to pursue mergers, acquisitions, or similar business combinations with one or more businesses across any industry or geographical location. The management team is led by Chief Executive Officer Gary Quin and Chief Financial Officer Joseph W. Pooler, Jr.

Cohen & Company operates in capital markets, asset management, and principal investing segments, managing approximately $1.4 billion in assets as of December 31, 2025.

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