Columbus Circle Capital II (COHN) sponsor details 7.67M Class B founder shares
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Columbus Circle Capital Corp. II reported initial beneficial ownership of 7,666,667 Class B ordinary shares, held by Columbus Circle 2 Sponsor Corp LLC. These Class B shares automatically convert into Class A ordinary shares on a one-for-one basis upon, or prior to, the issuer’s initial business combination, subject to adjustments.
The Class B shares include up to 1,000,000 shares that may be forfeited if the underwriters do not fully exercise their over-allotment option. Cohen & Company, LLC, as managing member of the sponsor, holds voting and investment discretion, and Cohen & Company Inc. controls the sponsor through subsidiaries, with both entities disclaiming beneficial ownership except for any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
COLUMBUS CIRCLE 2 SPONSOR Corp LLC, Cohen & Company, LLC, Cohen & Co Inc.
Role
10% Owner | 10% Owner | 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Class B Ordinary Shares — 7,666,667 shares (Direct)
Footnotes (1)
- As described in the registration statement on Form S-1 (File No. 333-292861) of Columbus Circle Capital Corp. II (the "Issuer") under the heading "Description of Securities--Founder Shares," the Class B ordinary shares will automatically convert into Class A ordinary shares at the time of the Issuer's initial business combination, or at any time prior to the Issuer's initial business combination, at the option of the holder, on a one-for-one basis, subject to certain adjustments. The Class B ordinary shares have no expiration date. These shares represent the Class B ordinary shares held by Columbus Circle 2 Sponsor Corp LLC (the "Sponsor") acquired pursuant to a subscription agreement by and between the Issuer and the Sponsor. The Class B ordinary shares include up to 1,000,000 shares that are subject to forfeiture in the event the underwriters of the Issuer's initial public offering do not exercise in full their over-allotment option as described in the Issuer's registration statement. Cohen & Company, LLC ("Cohen LLC"), the managing member of the Sponsor, holds voting and investment discretion with respect to the securities held of record by the Sponsor. Cohen & Company Inc. ("Cohen") controls, through subsidiaries, the Sponsor. Each of Cohen and Cohen LLC disclaims any beneficial ownership of the securities held by the Sponsor other than to the extent of any pecuniary interest each of them may have therein, directly or indirectly.
FAQ
What does Columbus Circle 2 Sponsor Corp LLC report on Form 3 for CMIIU?
Columbus Circle 2 Sponsor Corp LLC reports holding 7,666,667 Class B ordinary shares. These founder shares are convertible into Class A ordinary shares on a one-for-one basis in connection with Columbus Circle Capital Corp. II’s initial business combination, subject to specified adjustments described in its Form S-1 registration statement.
What role does Cohen & Company, LLC have in the CMIIU sponsor holdings?
Cohen & Company, LLC is the managing member of the sponsor and has voting and investment discretion. It oversees the securities held of record by Columbus Circle 2 Sponsor Corp LLC but disclaims beneficial ownership beyond any pecuniary interest it may have, directly or indirectly.