Columbus Circle Capital Corp. II and Cohen & Company Inc. Announce Completion of $230,000,000 Initial Public Offering

Rhea-AI Summary

Columbus Circle Capital Corp. II (Nasdaq: CMIIU) completed its initial public offering of 23,000,000 units at $10.00 per unit on February 11–12, 2026, including 3,000,000 units from the underwriters' full over-allotment exercise, raising gross proceeds of $230,000,000.

Each unit comprises one Class A ordinary share and one-third of a redeemable warrant (whole warrants exercisable at $11.50). Proceeds were placed in the Company’s trust account for public shareholders.

Positive

• $230,000,000 raised in the initial public offering
• Full over-allotment exercised: 3,000,000 units
• Proceeds placed in trust account for public shareholders

Negative

• Warrants exercisable at $11.50 may cause future share dilution
• Units include fractional warrants; only whole warrants will trade

Key Figures

IPO units sold: 23,000,000 units Over-allotment units: 3,000,000 units IPO price: $10.00 per unit +5 more

8 metrics

IPO units sold 23,000,000 units Initial public offering size including over-allotment

Over-allotment units 3,000,000 units Units issued via full exercise of over-allotment option

IPO price $10.00 per unit Initial public offering price per unit

Gross proceeds $230,000,000 Total gross proceeds from the initial public offering

Warrant exercise price $11.50 per share Exercise price for each whole redeemable warrant

Trust account funding $230,000,000 Proceeds placed in trust account for public shareholders

Current price $10.00 Latest price vs IPO price and 52-week low

1-day change -10.78% Price change over the last 24 hours

Market Reality Check

Price: $10.00 Vol: Volume 193,088 is below 2...

low vol

$10.00 Last Close

Volume Volume 193,088 is below 20-day average 418,538 with relative volume at 0.46. low

Technical At $10.00, shares are at the 52-week low and trading below the 200-day MA of $12.67.

Market Pulse Summary

This announcement confirms completion of the IPO for Columbus Circle Capital Corp. II, raising $230,...

Analysis

This announcement confirms completion of the IPO for Columbus Circle Capital Corp. II, raising $230,000,000 at $10.00 per unit and placing the proceeds in a trust account for public shareholders. The unit structure includes redeemable warrants exercisable at $11.50, which adds potential future dilution alongside upside optionality. Investors may focus on the company’s subsequent SEC filings, including the Form 8-K balance sheet, and on how management deploys the IPO capital.

Key Terms

initial public offering, over-allotment option, redeemable warrant, registration statement, +4 more

8 terms

initial public offering financial

"announced the closing of the Company’s initial public offering of 23,000,000 units"

An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.

over-allotment option financial

"which included 3,000,000 units issued pursuant to the full exercise by the underwriters of their over-allotment option"

An over-allotment option is a special agreement that allows underwriters to sell more shares than initially planned if demand is high. Think of it like a retailer offering extra units of a popular product to meet additional customer interest. This option helps ensure the full sale is completed and can also give investors extra shares if they want more.

redeemable warrant financial

"one-third of one redeemable warrant, with each whole warrant entitling the holder"

A redeemable warrant is a financial tool that gives its holder the right to buy shares of a company at a fixed price within a certain period. If the holder chooses to do so, the company can buy back or cancel the warrant before it expires, often to encourage investment or manage share issuance. For investors, it provides an option to potentially buy shares at a favorable price while offering some flexibility for the issuing company.

registration statement regulatory

"A registration statement relating to the units and the underlying securities was declared effective"

A registration statement is a formal document that companies file with a government agency to offer new shares of stock to the public. It provides essential information about the company's finances, operations, and risks, helping investors make informed decisions. Think of it as a detailed product description that ensures transparency and trust before buying into a company.

prospectus regulatory

"The offering was made only by means of a prospectus, copies of which may be obtained"

A prospectus is a detailed document that explains a company's plans for offering new shares or investments to the public. It’s important because it provides potential investors with key information about the company’s business, risks, and how they might make money, helping them decide whether to invest. Think of it as a guidebook for understanding what you're buying into.

Current Report on Form 8-K regulatory

"will be included as an exhibit to a Current Report on Form 8-K to be filed"

A current report on Form 8-K is a document that publicly traded companies file to promptly share important news or events that could affect their financial position or stock price, such as major business changes or legal issues. It helps investors stay informed about timely developments, allowing them to make better decisions about buying or selling shares.

trust account financial

"$230,000,000 was placed in the Company’s trust account for the benefit"

A trust account is a special bank or brokerage account where assets are held and managed by a designated person or firm (the trustee) for the benefit of another person or group (the beneficiary). It matters to investors because it separates assets from personal or corporate funds, can protect assets, control how and when money is used, and may affect tax or legal rights—think of it as a locked drawer opened only under agreed rules.

Nasdaq Global Market technical

"The Company’s units began trading on the Nasdaq Global Market (“Nasdaq”) on February 11, 2026"

The Nasdaq Global Market is a section of the stock exchange where larger, well-established companies are listed and publicly traded. It functions like a marketplace where investors can buy and sell shares of these companies, providing them with access to capital and opportunities for growth. Its role is important because it helps investors identify and invest in reputable companies with strong financial backgrounds.

AI-generated analysis. Not financial advice.

  

New York, NY, Feb. 12, 2026 (GLOBE NEWSWIRE) -- Columbus Circle Capital Corp. II (Nasdaq: CMIIU) (the “Company”) and Cohen & Company Inc. (NYSE American: COHN) (“Cohen & Company”) today announced the closing of the Company’s initial public offering of 23,000,000 units, which included 3,000,000 units issued pursuant to the full exercise by the underwriters of their over-allotment option. The offering was priced at $10.00 per unit, resulting in gross proceeds of $230,000,000.

The Company’s units began trading on the Nasdaq Global Market (“Nasdaq”) on February 11, 2026, under the ticker symbol “CMIIU.” Each unit consists of one Class A ordinary share of the Company and one-third of one redeemable warrant, with each whole warrant entitling the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share, subject to certain adjustments. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. 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 “CMII” and “CMIIW,” respectively.

Cohen & Company Capital Markets, a division of Cohen & Company Securities, 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 January 30, 2026. 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, $230,000,000 was placed in the Company’s trust account for the benefit of the Company’s public shareholders. An audited balance sheet of the Company as of February 12, 2026 reflecting receipt of the proceeds upon consummation of the initial public offering and the private placement will be included as an exhibit to a Current Report on Form 8-K to be filed by the Company with the SEC.

About Columbus Circle Capital Corp. II

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, Marc Spiegel 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 sales, trading, gestation repo financing, new issue placements in corporate and securitized products, underwriting, and advisory services, operating primarily through Cohen & Company’s subsidiaries, Cohen & Company Securities, LLC (“CCS”) in the United States and Cohen & Company Financial (Europe) S.A. in Europe. Cohen & Company Capital Markets (“CCM”), a division of CCS, is Cohen & Company’s full-service boutique investment bank providing capital markets and SPAC advisory services to corporations, financial sponsors, investors, and institutions. The Capital Markets segment also includes investment returns on financial instruments that Cohen & Company has received as consideration for investment banking and new issue services provided by CCM. The Asset Management segment manages assets through investment funds, managed accounts, joint ventures, and collateralized debt obligations. As of December 31, 2025, Cohen & Company had approximately $1.4 billion of assets under management in primarily fixed income assets in a variety of asset classes including European bank and insurance trust preferred securities, debt issued by small and medium sized European, U.S., and Bermudian insurance and reinsurance companies, and commercial real estate loans. The Principal Investing segment is comprised primarily of investments Cohen & Company has made for the purpose of earning an investment return rather than investments made to support its trading or other capital markets business activity. For more information, please visit www.cohenandcompany.com.

Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements,” including with respect to the search for an initial business combination. 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 II
Gary Quin, Chief Executive Officer
gquin@cohencm.com

Cohen & Company Inc.
Joseph W. Pooler, Jr.
investorrelations@cohenandcompany.com

FAQ

How many units did Columbus Circle Capital Corp. II (CMIIU) sell in its IPO?

The company sold 23,000,000 units in the IPO, including 3,000,000 units from the underwriters' full over-allotment. According to the company, the offering was priced at $10.00 per unit, for total gross proceeds of $230,000,000.

When did CMIIU begin trading and what ticker symbols will be used after separation?

CMIIU units began trading on Nasdaq on February 11, 2026 under the ticker CMIIU. According to the company, once separated, shares and warrants are expected to trade as CMII and CMIIW, respectively.

What are the warrant terms for the Columbus Circle Capital Corp. II IPO (CMIIU)?

Each unit includes one-third of a redeemable warrant; whole warrants permit purchase at $11.50 per share. According to the company, fractional warrants will not be issued and only whole warrants will trade after separation.

How were the IPO proceeds from CMIIU handled after the offering closed?

The company placed $230,000,000 of proceeds in a trust account for the benefit of public shareholders. According to the company, an audited balance sheet reflecting receipt of proceeds will be filed as an exhibit to a Form 8-K.

Who managed the Columbus Circle Capital Corp. II (CMIIU) offering and who sponsored it?

Cohen & Company Capital Markets acted as lead book-running manager, with Clear Street LLC as joint book-runner. According to the company, a subsidiary of Cohen & Company also acted as sponsor of the offering.