Cohen Circle Acquisition Corp. II Announces Pricing of $220,000,000 Initial Public Offering

Rhea-AI Summary

Cohen Circle Acquisition Corp. II (NASDAQ:CCIIU) has announced the pricing of its initial public offering, offering 22,000,000 units at $10.00 per unit, for a total offering size of $220 million. Trading will commence on July 1, 2025, on the Nasdaq Global Market under the symbol "CCIIU".

Each unit comprises one Class A ordinary share and one-fourth of one redeemable warrant. Each whole warrant can be exercised for one Class A ordinary share at $11.50 per share. Upon separate trading, the Class A shares and warrants will trade under "CCII" and "CCIIW" respectively.

The SPAC is led by CEO Betsy Z. Cohen, Chairman Daniel G. Cohen, and Vice-Chairman Amanda J. Abrams. The company aims to pursue business combinations in the fintech sector and fintech-adjacent industries. Clear Street is serving as the sole book-running manager and has a 45-day option to purchase up to 3,300,000 additional units to cover over-allotments.

Positive

• None.

Negative

• Blank check company with no current operating business
• No guaranteed successful business combination
• Warrants may cause future dilution if exercised

Insights

SPAC Investment Specialist

Cohen Circle Acquisition Corp. II has priced its $220M SPAC IPO, targeting fintech opportunities with experienced leadership from the Cohen team.

Cohen Circle Acquisition Corp. II has priced its $220 million initial public offering, consisting of 22 million units at $10.00 per unit. Each unit includes one Class A ordinary share and one-fourth of a warrant exercisable at $11.50. This structure is typical for Special Purpose Acquisition Companies (SPACs), providing investors with potential upside through warrants while maintaining the standard $10 entry point.

The management team brings significant credibility to this SPAC. Betsy Z. Cohen, serving as CEO, and Daniel G. Cohen, as Chairman, have substantial experience in the financial services sector and previous SPAC successes. Their involvement signals strong sponsor expertise in identifying viable acquisition targets, particularly important given their stated focus on fintech and adjacent sectors.

This offering represents Cohen Circle's second SPAC vehicle, suggesting reasonable success with their previous endeavor. Clear Street's role as sole book-runner is notable, as most SPACs typically engage multiple underwriters. The 45-day overallotment option of 3.3 million additional units ($33 million) provides flexibility to accommodate excess demand.

With trading set to commence on July 1, 2025, and shares/warrants eventually trading separately under symbols "CCII" and "CCIIW," this SPAC enters a market that has experienced significant cycles of enthusiasm and skepticism. The fintech focus aligns with ongoing digital transformation in financial services, potentially positioning them to identify promising acquisition targets in a sector experiencing continued innovation and disruption.

PHILADELPHIA, PA, June 30, 2025 (GLOBE NEWSWIRE) -- Cohen Circle Acquisition Corp. II (NASDAQ:CCIIU) (the “Company”) today announced the pricing of its initial public offering of 22,000,000 units at a price of $10.00 per unit. The Company’s units will be listed on the Nasdaq Global Market under the symbol “CCIIU” and will begin trading on July 1, 2025. Each unit issued in the offering consists of one Class A ordinary share of the Company and one-fourth of one redeemable warrant, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 per share. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on NASDAQ under the symbols “CCII” and “CCIIW,” respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. The closing of the offering is anticipated to take place on or about July 2, 2025, subject to customary closing conditions.

The Company is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company may pursue an acquisition opportunity in any business or industry or at any stage of its corporate evolution. The Company’s primary focus, however, will be to identify companies in the financial services technology (fintech) sector and fintech adjacent sectors that power transformation and innovation. The management team is led by Betsy Z. Cohen, its Chief Executive Officer, Daniel G. Cohen, its Chairman of the Board of Directors, and Amanda J. Abrams, its Vice-Chairman of the Board of Directors.

Clear Street is serving as the sole book-running manager for the offering. The Company has granted the underwriter a 45-day option to purchase up to an additional 3,300,000 units at the initial public offering price to cover over-allotments, if any.

A registration statement relating to the units and the underlying securities was declared effective by the Securities and Exchange Commission on June 30, 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 is being made only by means of a prospectus, copies of which may be obtained by contacting Clear Street, Attn: Syndicate Department, 150 Greenwich Street, 45th floor, New York, NY 10007, by email at ecm@clearstreet.io, or from the SEC website at www.sec.gov.

This press release contains statements that constitute “forward-looking statements,” including with respect to the initial public offering. No assurance can be given that such offering will be completed on the terms described, or at all. 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 preliminary prospectus for the offering filed with the Securities and Exchange Commission. 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:

Cohen Circle Acquisition Corp. II
info@cohencircle.com

FAQ

What is the IPO price for Cohen Circle Acquisition Corp. II (CCIIU)?

Cohen Circle Acquisition Corp. II priced its IPO at $10.00 per unit, with each unit consisting of one Class A ordinary share and one-fourth of one redeemable warrant.

When will CCIIU stock begin trading on Nasdaq?

CCIIU units will begin trading on the Nasdaq Global Market on July 1, 2025.

What is the total size of Cohen Circle Acquisition Corp. II's IPO?

The total IPO size is $220 million, comprising 22,000,000 units at $10.00 per unit, with an additional over-allotment option of 3,300,000 units.

What is Cohen Circle Acquisition Corp. II's business focus?

The SPAC focuses on identifying acquisition targets in the financial services technology (fintech) sector and fintech-adjacent sectors that drive transformation and innovation.

Who are the key executives leading Cohen Circle Acquisition Corp. II?

The company is led by Betsy Z. Cohen as CEO, Daniel G. Cohen as Chairman of the Board, and Amanda J. Abrams as Vice-Chairman.

What happens to CCIIU units after separate trading begins?

Once separate trading begins, the Class A ordinary shares will trade under the symbol CCII and the warrants under CCIIW on NASDAQ.