Columbus Circle Capital Corp II (NASDAQ: CMIIU) priced a $200,000,000 initial public offering of 20,000,000 units at $10.00 per unit, with trading expected to begin on February 11, 2026 and closing anticipated on or about February 12, 2026.
Each unit comprises one Class A ordinary share and one-third of a redeemable warrant, with whole warrants exercisable at $11.50. The underwriters have a 45-day option for an additional 3,000,000 units. The company is a blank check vehicle led by CEO Gary Quin and CFO Joseph W. Pooler, Jr.
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Positive
$200,000,000 total proceeds from the IPO of 20,000,000 units
45-day underwriter option for up to 3,000,000 additional units
Negative
Units include warrants exercisable at $11.50, which may dilute future shareholders
Company is a blank check vehicle with no announced business combination target
News Market Reaction
-10.78%
1 alert
-10.78%News Effect
On the day this news was published, CMIIU declined 10.78%, reflecting a significant negative market reaction.
VolumeVolume 0 vs 20-day average 111,629 ahead of the IPO listing.normal
TechnicalShares are priced for IPO while prior reference data show trading below 200-day MA at 12.69.
Market Pulse Summary
The stock dropped -10.8% in the session following this news. A negative reaction despite the IPO pri...
Analysis
The stock dropped -10.8% in the session following this news. A negative reaction despite the IPO pricing could fit concerns around SPAC structures, warrant overhang at $11.50, or general sentiment toward new listings. With an offering size of $200,000,000 and up to 3,000,000 additional units via over-allotment, investors might reassess dilution and deal risk once trading begins on February 11, 2026. Absent historical patterns, subsequent business combination progress would be key context.
Key Terms
initial public offering, redeemable warrant, warrant, prospectus, +2 more
6 terms
initial public offeringfinancial
"announced the pricing of its initial public offering of 20,000,000 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.
redeemable warrantfinancial
"one-third of one redeemable warrant, with each whole warrant entitling"
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.
warrantfinancial
"each whole warrant entitling the holder thereof to purchase one Class A"
A warrant is a time-limited financial contract that gives its holder the right to buy a company's shares at a set price before a specified date, like a coupon that lets you purchase stock at a fixed discount for a limited time. It matters to investors because warrants offer leveraged exposure to a stock’s upside and can dilute existing shareholders if exercised, so they affect potential gains and the company’s outstanding share count.
prospectusregulatory
"The offering is being made only by means of a prospectus."
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.
registration statementregulatory
"A registration statement relating to the units and the underlying securities"
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.
blank check companyfinancial
"The Company is a blank check company formed for the purpose of effecting"
A blank check company is a publicly listed shell that raises money from investors before naming a specific business to buy or merge with, similar to handing a cashier a signed check and asking them to fill in the payee later. It matters to investors because it offers a faster, often cheaper path for private firms to become public, but carries extra risk since returns depend on the organizers’ ability to find a good deal and on limited information about the future business.
AI-generated analysis. Not financial advice.
New York, NY, Feb. 10, 2026 (GLOBE NEWSWIRE) -- Columbus Circle Capital Corp II (NASDAQ: CMIIU) (the “Company”) today announced the pricing of its initial public offering of 20,000,000 units at a price of $10.00 per unit. The Company's units are expected to be listed on the Nasdaq Global Market (“Nasdaq”) under the symbol “CMIIU” and will begin trading on February 11, 2026. 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. The Company has granted the underwriters a 45-day option to purchase up to an additional 3,000,000 units at the initial public offering price to cover over-allotments, if any. The closing of the offering is anticipated to take place on or about February 12, 2026, subject to customary closing conditions.
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.
Cohen & Company Capital Markets, a division of Cohen & Company Securities, LLC, is acting as the lead book-running manager for the offering. Clear Street LLC is acting as joint book-runner. Ellenoff Grossman & Schole LLP and Ogier (Cayman) LLP are serving as legal counsel to the Company, and Loeb & Loeb LLP is serving as legal counsel to the underwriters.
A registration statement relating to the units and the underlying securities was declared effective by the Securities and Exchange Commission 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 is being made only by means of a prospectus. When available, copies of the prospectus 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.
Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements,” including with respect to the initial public offering and the search for an initial business combination. 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:
Columbus Circle Capital Corp II Gary Quin, Chief Executive Officer gquin@cohencm.com
FAQ
What size and price was Columbus Circle Capital Corp II's (CMIIU) IPO?
It priced a $200,000,000 offering of 20,000,000 units at $10.00 per unit. According to the company, the offering consists of units that separate into Class A shares and redeemable warrants.
When will CMIIU begin trading on Nasdaq and when is the offering expected to close?
CMIIU units are expected to begin trading on February 11, 2026. According to the company, the offering closing is anticipated on or about February 12, 2026, subject to customary conditions.
What does each CMIIU unit include and how do the warrants work?
Each unit includes one Class A ordinary share and one-third of a redeemable warrant. According to the company, three unit fractions equal one whole warrant exercisable at $11.50 per share, subject to adjustments.
Is there an over-allotment option in the CMIIU offering and how large is it?
The underwriters were granted a 45-day option to buy up to 3,000,000 additional units. According to the company, this option is to cover over-allotments, if any, at the IPO price.
What is the stated purpose of Columbus Circle Capital Corp II (CMIIU)?
The company is a blank check vehicle formed to effect a business combination with one or more targets. According to the company, it may pursue targets in any industry or geographic location.
Who are the lead managers and key executives for CMIIU's IPO?
Cohen & Company Capital Markets is the lead book-running manager, with Clear Street LLC as joint book-runner. According to the company, CEO Gary Quin and CFO Joseph W. Pooler, Jr. lead management.
