Columbus Circle Capital Corp II reports a Schedule 13G ownership disclosure by Tenor-related parties. Tenor Opportunity Master Fund, Ltd., Tenor Capital Management Company, L.P., and Robin Shah each report beneficial interests of 1,225,028 shares, representing 5.2% of Class A ordinary shares. The percentage is calculated using the issuer's statement that 23,665,000 Shares were issued and outstanding as of May 14, 2026. The filing states the Shares are held by the Master Fund, that Tenor Capital serves as investment manager, and that Robin Shah is managing member of Tenor Management GP, LLC. The filers disclaim beneficial ownership except to the extent of pecuniary interest.
Positive
None.
Negative
None.
Insights
Tenor-related entities disclose a >5% stake in CMII, a standard passive disclosure.
Tenor Opportunity Master Fund, Ltd. holds 1,225,028 shares (5.2% of Class A), with Tenor Capital Management as manager and Robin Shah connected via management roles. The filing is a joint Schedule 13G identifying ownership and voting/dispositive powers.
The disclosure notes the 23,665,000 Shares outstanding figure from the issuer's 10-Q dated May 14, 2026. The filing includes signatures dated 07/06/2026. This is a passive ownership disclosure; subsequent filings would show any change in voting/disposition intentions.
Key Figures
Shares reported:1,225,028 sharesPercent of class:5.2%Shares outstanding (context):23,665,000 Shares+1 more
4 metrics
Shares reported1,225,028 sharesAmount reported as sole voting and dispositive power by each reporting person
Percent of class5.2%Percent of Class A ordinary shares calculated using issuer's outstanding share count
Shares outstanding (context)23,665,000 SharesIssuer's 10-Q statement used to calculate percentage, <date>May 14, 2026</date>
Filing signature date07/06/2026Date signatures by Robin Shah appear on the Schedule 13G
Key Terms
Schedule 13G, beneficially owned, sole dispositive power
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
beneficially ownedregulatory
"Amount beneficially owned: Tenor Capital Management Company, L.P. - 5.2%"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
sole dispositive powerfinancial
"Sole power to dispose or to direct the disposition of: 1,225,028"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
What stake does Tenor Opportunity Master Fund hold in Columbus Circle Capital Corp II (CMII)?
Tenor Opportunity Master Fund holds 1,225,028 shares, equal to 5.2% of Class A ordinary shares using the issuer's outstanding share figure of 23,665,000 from the May 14, 2026 10-Q.
Who are the reporting persons on the Schedule 13G for CMII?
The reporting persons are Tenor Capital Management Company, L.P., Tenor Opportunity Master Fund, Ltd., and Robin Shah, with addresses at 810 Seventh Avenue, New York, NY.
How many shares does each Tenor-related party report they control in CMII?
Each reporting person reports 1,225,028 shares as sole voting and sole dispositive power, representing 5.2% of the Class A shares based on the disclosed outstanding count.
On what basis was the 5.2% ownership percentage calculated?
The percentage is calculated using the issuer's disclosure in its 10-Q filed May 14, 2026, which states there were 23,665,000 Shares issued and outstanding.
Do the reporting persons claim beneficial ownership of the CMII shares?
Each reporting person expressly disclaims beneficial ownership of the reported Shares except to the extent of any pecuniary interest; the filing states relationships that may give rise to deemed voting/dispositive power.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Columbus Circle Capital Corp II
(Name of Issuer)
Class A Ordinary Shares, par value $0.0001 per share
(Title of Class of Securities)
G2296M103
(CUSIP Number)
06/26/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
G2296M103
1
Names of Reporting Persons
Tenor Capital Management Company, L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
1,225,028.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
1,225,028.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,225,028.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.2 %
12
Type of Reporting Person (See Instructions)
IA
Comment for Type of Reporting Person: Please see note in Item 4(a)
SCHEDULE 13G
CUSIP Number(s):
G2296M103
1
Names of Reporting Persons
Tenor Opportunity Master Fund, Ltd.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
1,225,028.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
1,225,028.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,225,028.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.2 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: Please see note in Item 4(a)
SCHEDULE 13G
CUSIP Number(s):
G2296M103
1
Names of Reporting Persons
Robin Shah
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
1,225,028.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
1,225,028.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,225,028.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.2 %
12
Type of Reporting Person (See Instructions)
HC, IN
Comment for Type of Reporting Person: Please see note in Item 4(a)
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Columbus Circle Capital Corp II
(b)
Address of issuer's principal executive offices:
3 Columbus Circle, 24th Floor
New York, New York 10019
Item 2.
(a)
Name of person filing:
Tenor Capital Management Company, L.P.
Tenor Opportunity Master Fund, Ltd.
Robin Shah
(b)
Address or principal business office or, if none, residence:
810 Seventh Avenue, Suite 1905, New York, NY 10019
(c)
Citizenship:
Tenor Capital Management Company, L.P. - Delaware
Tenor Opportunity Master Fund, Ltd. - Cayman Islands
Robin Shah - USA
(d)
Title of class of securities:
Class A Ordinary Shares, par value $0.0001 per share
(e)
CUSIP Number(s):
G2296M103
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
Tenor Capital Management Company, L.P. - 5.2%
Tenor Opportunity Master Fund, Ltd. - 5.2%
Robin Shah - 5.2%
The Class A ordinary shares (the "Shares") reported herein are held by Tenor Opportunity Master Fund, Ltd. (the "Master Fund"). Tenor Capital Management Company, L.P. ("Tenor Capital") serves as the investment manager to the Master Fund. Robin Shah serves as the managing member of Tenor Management GP, LLC, the general partner of Tenor Capital. By virtue of these relationships, the Reporting Persons may be deemed to have shared voting and dispositive power with respect to the Shares owned directly by the Master Fund. This report shall not be deemed an admission that the Reporting Persons are beneficial owners of the Shares for purposes of Section 13 of the Securities Exchange Act of 1934, as amended, or for any other purpose. Each of the Reporting Persons disclaims beneficial ownership of the Shares reported herein except to the extent of the Reporting Person's pecuniary interest therein. The percentages herein are calculated based upon a statement in the Issuer's 10-Q, filed on May 14, 2026 indicating that there are 23,665,000 Shares issued and outstanding.
(b)
Percent of class:
Tenor Capital Management Company, L.P. - 5.2%
Tenor Opportunity Master Fund, Ltd. - 5.2%
Robin Shah - 5.2%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
Tenor Capital Management Company, L.P. - 1,225,028
Tenor Opportunity Master Fund, Ltd. - 1,225,028
Robin Shah - 1,225,028
(ii) Shared power to vote or to direct the vote:
Tenor Capital Management Company, L.P. - 0
Tenor Opportunity Master Fund, Ltd. - 0
Robin Shah - 0
(iii) Sole power to dispose or to direct the disposition of:
Tenor Capital Management Company, L.P. - 1,225,028
Tenor Opportunity Master Fund, Ltd. - 1,225,028
Robin Shah - 1,225,028
(iv) Shared power to dispose or to direct the disposition of:
Tenor Capital Management Company, L.P. - 0
Tenor Opportunity Master Fund, Ltd. - 0
Robin Shah - 0
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Tenor Capital Management Company, L.P.
Signature:
/s/ Robin Shah
Name/Title:
Robin Shah, Managing Member of its general partner, Tenor Management GP, LLC
