Cohen Circle Acquisition Corp. II Completes $253 Million Initial Public Offering

Rhea-AI Summary

Cohen Circle Acquisition Corp. II (NASDAQ:CCIIU) has successfully completed its initial public offering, raising $253 million in gross proceeds through the sale of 25.3 million units at $10.00 per unit. Each unit comprises one Class A ordinary share and one-fourth of one redeemable warrant, with whole warrants exercisable at $11.50 per share.

The company is a blank check company primarily targeting acquisitions in the fintech sector and fintech-adjacent industries. The management team includes CEO Betsy Z. Cohen, Board Chairman Daniel G. Cohen, and Vice-Chairman Amanda J. Abrams. Clear Street LLC served as the sole book-running manager for the offering.

The entire IPO proceeds of $253 million have been placed in a trust account for the benefit of public shareholders. Trading began on Nasdaq under "CCIIU" on July 1, 2025, with Class A shares and warrants to later trade separately under "CCII" and "CCIIW" respectively.

Positive

• Successfully raised $253 million through IPO with full exercise of over-allotment option
• 100% of IPO proceeds ($253M) secured in trust account for shareholder benefit
• Experienced management team with strong fintech background
• Strategic focus on high-growth fintech and fintech-adjacent sectors

Negative

• No specific acquisition target identified yet
• Success depends on finding suitable acquisition target within limited timeframe
• Potential dilution from warrant exercises at $11.50 per share
• Competitive SPAC market may affect ability to complete attractive business combination

News Market Reaction

-0.10%

1 alert

-0.10% News Effect

On the day this news was published, CCIIU declined 0.10%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

PHILADELPHIA, PA, July 02, 2025 (GLOBE NEWSWIRE) -- Cohen Circle Acquisition Corp. II (NASDAQ:CCIIU) (the “Company”) today announced the closing of its initial public offering of 25,300,000 units, which includes 3,300,000 units issued pursuant to the exercise by the underwriters of their over-allotment option in full. The offering was priced at $10.00 per unit, resulting in gross proceeds of $253,000,000. 

The Company’s units began trading on the Nasdaq Global Market (“Nasdaq”) on July 1, 2025 under the ticker symbol “CCIIU.” Each unit consists of one Class A ordinary share of the Company and one-fourth of one redeemable warrant, with each whole warrant entitling the holder thereof to purchase one Class A ordinary share of the Company at an exercise price of $11.50 per share. Once the securities constituting 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.

Of the proceeds received from the consummation of the initial public offering (including the exercise of the over-allotment option) and a simultaneous private placement of units, $253,000,000 (or $10.00 per unit sold in the offering) was placed in the Company’s trust account for the benefit of the Company’s public shareholders.

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, Chief Executive Officer, Daniel G. Cohen, Chairman of the Board of Directors, and Amanda J. Abrams, Vice-Chairman of the Board of Directors.

Clear Street LLC acted as sole book-running manager for the offering.

A registration statement relating to the securities was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) 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.

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 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

How much did Cohen Circle Acquisition Corp. II (CCIIU) raise in its IPO?

Cohen Circle Acquisition Corp. II raised $253 million in gross proceeds through the sale of 25.3 million units at $10.00 per unit.

What is the structure of CCIIU's IPO units?

Each unit consists of one Class A ordinary share and one-fourth of one redeemable warrant. Each whole warrant allows purchase of one Class A share at $11.50 per share.

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

The company primarily 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 CCIIU?

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

What are CCIIU's trading symbols on Nasdaq?

The units currently trade as CCIIU. Once split, the Class A shares and warrants will trade under CCII and CCIIW respectively.