[25-NSE] Cohen Circle Acquisition Corp. I Unit SEC Filing
Rhea-AI Filing Summary
Nasdaq Stock Market LLC filed a Form 25 to remove the class of securities of Cohen Circle Acquisition Corp. I (symbol CCIRU) from listing and/or registration under Section 12(b) of the Exchange Act. The filing lists the issuer's principal office at 2929 Arch Street, Suite 1703, Philadelphia, PA 19104 and provides a telephone number. The form references the Exchange's compliance with rule provisions under 17 CFR 240.12d2-2 and cites procedures for voluntary withdrawal, but the filing text does not state which specific rule provision box was marked, the reason for removal, nor include a dated signature block in the provided content.
Positive
- Issuer and exchange clearly identified: Cohen Circle Acquisition Corp. I and Nasdaq Stock Market LLC are named.
- Exchange asserts procedural compliance: The filing cites 17 CFR 240.12d2-2 and adherence to the Exchange's rules for removal/withdrawal.
Negative
- Missing selection detail: The excerpt does not indicate which specific 17 CFR 240.12d2-2(a) provision was marked.
- No signature or date provided: The authorization block in the excerpt is blank, preventing confirmation of filing date or signatory.
- No reason or effective date stated: The filing text does not explain whether the removal is voluntary or for noncompliance, nor lists an effective removal date.
Insights
TL;DR: The form shows Nasdaq initiated or acknowledged removal and cites rule compliance, but the filing excerpt omits critical procedural details.
The document explicitly identifies Cohen Circle Acquisition Corp. I and states Nasdaq "has reasonable grounds" to file Form 25 and cites 17 CFR 240.12d2-2 and related voluntary withdrawal language. From a compliance perspective this indicates the exchange followed statutory process in principle. However, the excerpt lacks the marked rule provision, the signed and dated authorization, and any notice explaining whether the removal is voluntary or exchange-initiated for noncompliance. These omissions limit the ability to assess regulatory finality and timing.
TL;DR: The filing notifies removal of CCIRU from Nasdaq but provides no substantive explanation of corporate or shareholder implications.
The form names the issuer and exchange and references compliance with the Exchange Act procedures. Meaningful governance implications—such as whether the issuer requested voluntary withdrawal, whether there are outstanding shareholder actions, or how this affects holders of the security—are not present in the provided text. Without the signature date or the specific rule box selected, it is not possible to determine timing, responsibility, or immediate consequences for shareholders from this excerpt alone.