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Cohen Circle Acquisition Corp. II Raises $220M in IPO, Begins Trading July 1
ByAinvest
Monday, Jun 30, 2025 5:11 pm ET1min read
Cohen Circle Acquisition Corp. II has priced its initial public offering of 22 million units at $10 each, totaling $220 million. Units will begin trading on July 1, 2025, on the Nasdaq Global Market under the symbol "CCIIU." Each unit includes one Class A ordinary share and one-fourth of a redeemable warrant exercisable at $11.50 per share. Upon separation, shares and warrants will trade under "CCII" and "CCIIW," respectively. The offering is expected to close on or about July 2, 2025.
Cohen Circle Acquisition Corp. II (NASDAQ: CCIIU) has priced its initial public offering (IPO) at $10 per unit, totaling $220 million. The offering consists of 22 million units, each including one Class A ordinary share and one-fourth of a redeemable warrant exercisable at $11.50 per share. Trading is set to commence on July 1, 2025, on the Nasdaq Global Market under the symbol "CCIIU." Upon separation, shares and warrants will trade under "CCII" and "CCIIW," respectively [1].The SPAC, led by CEO Betsy Z. Cohen, Chairman Daniel G. Cohen, and Vice-Chairman Amanda J. Abrams, aims to pursue business combinations in the fintech sector and fintech-adjacent industries. Clear Street is serving as the sole book-running manager and has a 45-day option to purchase up to 3.3 million additional units to cover over-allotments [1].
The management team brings significant credibility to this SPAC. Betsy Z. Cohen and Daniel G. Cohen have substantial experience in the financial services sector and previous SPAC successes. Their involvement signals strong sponsor expertise in identifying viable acquisition targets, particularly important given their stated focus on fintech and adjacent sectors [1].
This offering represents Cohen Circle's second SPAC vehicle, suggesting reasonable success with their previous endeavor. The 45-day overallotment option of 3.3 million additional units ($33 million) provides flexibility to accommodate excess demand [1].
The fintech focus aligns with ongoing digital transformation in financial services, positioning Cohen Circle to identify promising acquisition targets in a sector experiencing continued innovation and disruption.
References:
[1] https://www.stocktitan.net/news/CCIIU/cohen-circle-acquisition-corp-ii-announces-pricing-of-220-000-000-zyrexnphb74k.html
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