Columbus Circle Capital Corp. I and Cohen & Company Inc. Announce Completion of Upsized $250,000,000 Initial Public Offering
Columbus Circle Capital Corp. I (NASDAQ: CCCMU) has successfully completed its upsized initial public offering, raising $250 million through the sale of 25 million units at $10.00 per unit. The offering included 3 million units from a partial exercise of the underwriters' over-allotment option. Each unit comprises one Class A ordinary share and one-half of one redeemable warrant, with whole warrants allowing purchase of one Class A ordinary share at $11.50 per share.
Trading began on NASDAQ on May 16, 2025, under "CCCMU." Once securities begin separate trading, Class A shares and warrants will trade under "CCCM" and "CCCMW" respectively. Cohen & Company Capital Markets led the offering as book-running manager, with Clear Street LLC as joint book-runner. The entire $250 million from the IPO and private placement has been placed in trust for public shareholders.
Columbus Circle Capital Corp. I (NASDAQ: CCCMU) ha completato con successo la sua offerta pubblica iniziale aumentata, raccogliendo 250 milioni di dollari tramite la vendita di 25 milioni di unità a 10,00 dollari per unità. L'offerta ha incluso 3 milioni di unità derivanti dall'esercizio parziale dell'opzione di sovrallocazione degli underwriter. Ogni unità comprende una azione ordinaria di Classe A e mezza warrant rimborsabile, con warrant interi che consentono l'acquisto di una azione ordinaria di Classe A a 11,50 dollari per azione.
Le negoziazioni sono iniziate sul NASDAQ il 16 maggio 2025, con il simbolo "CCCMU". Una volta che i titoli inizieranno a essere negoziati separatamente, le azioni di Classe A e i warrant saranno quotati rispettivamente come "CCCM" e "CCCMW". Cohen & Company Capital Markets ha guidato l'offerta come book-running manager, con Clear Street LLC come co-book-runner. L'intero importo di 250 milioni di dollari derivante dall'IPO e dal collocamento privato è stato depositato in un trust per gli azionisti pubblici.
Columbus Circle Capital Corp. I (NASDAQ: CCCMU) ha completado con éxito su oferta pública inicial ampliada, recaudando 250 millones de dólares mediante la venta de 25 millones de unidades a 10,00 dólares por unidad. La oferta incluyó 3 millones de unidades provenientes del ejercicio parcial de la opción de sobreasignación de los suscriptores. Cada unidad consta de una acción ordinaria Clase A y la mitad de un warrant redimible, con warrants completos que permiten la compra de una acción ordinaria Clase A a 11,50 dólares por acción.
La negociación comenzó en NASDAQ el 16 de mayo de 2025 bajo el símbolo "CCCMU". Una vez que los valores comiencen a negociarse por separado, las acciones Clase A y los warrants se negociarán bajo los símbolos "CCCM" y "CCCMW" respectivamente. Cohen & Company Capital Markets lideró la oferta como gestor principal del libro, con Clear Street LLC como co-gestor. Los 250 millones de dólares completos de la OPI y la colocación privada han sido depositados en un fideicomiso para los accionistas públicos.
Columbus Circle Capital Corp. I (NASDAQ: CCCMU)는 증액된 기업공개(IPO)를 성공적으로 완료하여, 단위당 10.00달러에 2,500만 단위를 판매해 2억 5천만 달러를 조달했습니다. 이번 공모에는 인수단의 초과배정 옵션 일부 행사로 인한 300만 단위도 포함되었습니다. 각 단위는 클래스 A 보통주 1주와 0.5개의 상환 가능 워런트를 포함하며, 워런트 1개는 클래스 A 보통주 1주를 주당 11.50달러에 구매할 수 있습니다.
거래는 2025년 5월 16일 NASDAQ에서 "CCCMU"라는 심볼로 시작되었습니다. 증권이 별도로 거래되기 시작하면 클래스 A 주식과 워런트는 각각 "CCCM"과 "CCCMW"로 거래될 예정입니다. Cohen & Company Capital Markets가 주간사로서 공모를 주도했으며, Clear Street LLC가 공동 주간사로 참여했습니다. IPO 및 사모 발행을 통해 조달된 전체 2억 5천만 달러는 공공 주주를 위한 신탁에 보관되었습니다.
Columbus Circle Capital Corp. I (NASDAQ : CCCMU) a réussi son introduction en bourse augmentée, levant 250 millions de dollars grâce à la vente de 25 millions d’unités à 10,00 dollars par unité. L’offre comprenait 3 millions d’unités issues d’un exercice partiel de l’option de surallocation des souscripteurs. Chaque unité comprend une action ordinaire de classe A et une demi-warrant remboursable, les warrants entiers permettant l’achat d’une action ordinaire de classe A à 11,50 dollars par action.
Les échanges ont débuté sur le NASDAQ le 16 mai 2025 sous le symbole « CCCMU ». Une fois que les titres seront négociés séparément, les actions de classe A et les warrants seront cotés respectivement sous « CCCM » et « CCCMW ». Cohen & Company Capital Markets a dirigé l’offre en tant que gestionnaire principal du livre, avec Clear Street LLC en co-gestionnaire. L’intégralité des 250 millions de dollars issus de l’IPO et du placement privé a été placée en fiducie pour les actionnaires publics.
Columbus Circle Capital Corp. I (NASDAQ: CCCMU) hat seinen aufgestockten Börsengang erfolgreich abgeschlossen und dabei 250 Millionen US-Dollar durch den Verkauf von 25 Millionen Einheiten zu je 10,00 US-Dollar pro Einheit eingenommen. Das Angebot umfasste 3 Millionen Einheiten aus der teilweisen Ausübung der Mehrzuteilungsoption der Underwriter. Jede Einheit besteht aus einer Stammaktie der Klasse A und einer halben einlösbaren Aktie, wobei ganze Warrants den Kauf einer Stammaktie der Klasse A zu 11,50 US-Dollar pro Aktie ermöglichen.
Der Handel begann am 16. Mai 2025 an der NASDAQ unter dem Kürzel "CCCMU". Sobald die Wertpapiere getrennt gehandelt werden, werden die Klasse A Aktien und Warrants unter den Symbolen "CCCM" bzw. "CCCMW" gehandelt. Cohen & Company Capital Markets leitete das Angebot als Book-Running-Manager, gemeinsam mit Clear Street LLC als Co-Book-Runner. Die gesamten 250 Millionen US-Dollar aus dem Börsengang und der Privatplatzierung wurden treuhänderisch für die öffentlichen Aktionäre hinterlegt.
- Successfully raised $250 million in gross proceeds through IPO
- Upsized offering with 3 million additional units from over-allotment option
- Full proceeds of $250 million placed in trust account for public shareholders' benefit
- Secured listing on major exchange (NASDAQ)
- Warrant exercise price ($11.50) represents a 15% premium to IPO price
- Only whole warrants will trade, limiting flexibility for fractional warrant holders
Insights
Columbus Circle Capital raised $250M in an upsized SPAC IPO, demonstrating strong market demand despite overall SPAC market cooling.
Columbus Circle Capital Corp. I has successfully completed an upsized IPO raising
The structure follows the standard SPAC template with
This successful raise is notable given the challenging SPAC market conditions since 2022. While SPAC IPOs have significantly decreased from their 2020-2021 peak, this upsized offering suggests selective investor appetite remains for well-structured blank check companies with experienced sponsors. The Company will now begin its search for a business combination target, with investors focusing on management's ability to identify and close a value-creating acquisition within the typical 18-24 month timeframe.
New York, NY, and Philadelphia, PA, May 19, 2025 (GLOBE NEWSWIRE) -- Columbus Circle Capital Corp. I (NASDAQ: CCCMU) (the “Company”) and Cohen & Company Inc. (NYSE American: COHN) (“Cohen & Company”) today announced the closing of the Company’s upsized initial public offering of 25,000,000 units, which included 3,000,000 units issued pursuant to the partial exercise by the underwriters of their over-allotment option. The offering was priced at
The Company’s units began trading on the Nasdaq Global Market (“NASDAQ”) on May 16, 2025, under the ticker symbol “CCCMU.” Each unit consists of one Class A ordinary share of the Company and one-half of one redeemable warrant, with each whole warrant entitling the holder thereof to purchase one Class A ordinary share at a price of
Cohen & Company Capital Markets, a division of Cohen & Company’s broker-dealer subsidiary, J.V.B. Financial Group, LLC, acted as the lead book-running manager for the offering. Clear Street LLC acted as joint book-runner. Ellenoff Grossman & Schole LLP, and Ogier (Cayman) LLP, served as legal counsel to the Company, and Loeb & Loeb LLP served as legal counsel to the underwriters. A subsidiary of Cohen & Company also acted as sponsor of the Company.
A registration statement relating to the units and the underlying securities was declared effective by the Securities and Exchange Commission (the “SEC”) on May 15, 2025. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
The offering was made only by means of a prospectus, copies of which may be obtained from Cohen & Company Capital Markets, 3 Columbus Circle, 24th Floor, New York, NY 10019, Attention: Prospectus Department, or by email at: capitalmarkets@cohencm.com. Copies of the registration statement can be accessed for free through the SEC's website at www.sec.gov.
Of the proceeds received from the consummation of the initial public offering and a simultaneous private placement of units,
About Columbus Circle Capital Corp. I
The Company is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company may pursue an initial business combination target in any industry or geographical location. The Company's management team is led by Gary Quin, its Chief Executive Officer and Chairman of the board of directors, and Joseph W. Pooler, Jr., its Chief Financial Officer. Garrett Curran, Alberto Alsina Gonzalez, Dr. Adam Back and Matthew Murphy are independent directors.
About Cohen & Company Inc.
Cohen & Company is a financial services company specializing in an expanding range of capital markets and asset management services. Cohen & Company’s operating segments are Capital Markets, Asset Management, and Principal Investing. The Capital Markets segment consists of fixed income sales, trading, gestation repo financing, new issue placements in corporate and securitized products, underwriting, and advisory services, operating primarily through Cohen & Company’s subsidiaries, J.V.B. Financial Group, LLC (“JVB”) in the United States and Cohen & Company Financial (Europe) S.A. in Europe. Cohen & Company Capital Markets (“CCM”), a division of JVB, is Cohen & Company’s full-service boutique investment bank that focuses on mergers and acquisitions, capital markets, and SPAC advisory services. The Capital Markets segment also includes investment returns on financial instruments that Cohen & Company has received as consideration for advisory, underwriting, and new issue placement services provided by CCM. The Asset Management segment manages assets through collateralized debt obligations, managed accounts, joint ventures, and investment funds. As of March 31, 2025, Cohen & Company had approximately
Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements,” including with respect to the initial public offering. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus for the offering filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this press release, except as required by law.
Contact Information:
Columbus Circle Capital Corp I
Gary Quin, Chief Executive Officer
gquin@cohencm.com
Cohen & Company Inc.
Joseph W. Pooler, Jr.
investorrelations@cohenandcompany.com
FAQ
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