Columbus Circle Capital Corp. II and Cohen & Company Inc. Announce Completion of $230,000,000 Initial Public Offering
MWN-AI** Summary
Columbus Circle Capital Corp. II (Nasdaq: CMIIU), in association with Cohen & Company Inc. (NYSE American: COHN), successfully completed its initial public offering (IPO), raising $230 million. The offering, which consisted of 23 million units priced at $10 each, included an additional 3 million units from the exercise of the underwriters' over-allotment option. The Company’s units, which began trading on February 11, 2026, comprise one Class A ordinary share and one-third of a redeemable warrant, allowing holders to purchase a full share for $11.50.
Following the separation of the units, the Class A ordinary shares and warrants are expected to trade under the symbols “CMII” and “CMIIW” on Nasdaq. The offering's execution was led by Cohen & Company Capital Markets, with Clear Street LLC serving as the joint book-runner. Legal representation was provided by Ellenoff Grossman & Schole LLP and Ogier (Cayman) LLP for the Company, and Loeb & Loeb LLP for the underwriters.
Columbus Circle Capital Corp. II is a blank check company aimed at identifying a business for merger or acquisition, regardless of industry or geography. Its management team is led by CEO Gary Quin and CFO Joseph W. Pooler, Jr., supported by an independent board of directors.
Cohen & Company, notable for its financial services expertise, specializes in capital markets and asset management, with approximately $1.4 billion in assets under management as of late 2025. The firm operates across various segments, including Capital Markets—providing a range of investment banking and advisory services—and Asset Management.
This IPO marks a significant milestone for both entities, gearing them toward potential business combinations while providing substantial capital for growth initiatives. Further details can be accessed through their respective websites and SEC filings.
MWN-AI** Analysis
Columbus Circle Capital Corp. II (Nasdaq: CMIIU) and Cohen & Company Inc. (NYSE American: COHN) successfully completed a $230 million initial public offering (IPO), indicating strong investor interest amidst a challenging capital market environment. Each unit in the offering, priced at $10.00, comprises one Class A ordinary share and a third of a redeemable warrant, with a potential execution price of $11.50 per share. This structure provides a strategic avenue for growth and potential upside for investors who are optimistic about the Company's mergers and acquisitions strategy, as it is designed for various business combinations across diverse industries.
Investors should closely analyze the implications of this IPO. The $230 million raised will be placed in a trust account for public shareholders, indicating a commitment to securing robust investment prospects that could yield significant returns. This capital positions Columbus Circle to scout and engage in potentially lucrative business combinations, leveraging the expertise of its management team led by CEO Gary Quin.
Given Cohen & Company’s established capital markets and asset management capabilities, the partnership enhances Columbus Circle's potential for strategic acquisitions. However, investors must consider the inherent risks associated with SPAC investments and the difficulty in executing successful business combinations, particularly in a competitive marketplace.
As the units began trading, investors may find short-term volatility due to the normal IPO process. Identifying when to capitalize on any downward price action could create entry points for long-term positions, particularly as more information surfaces regarding potential acquisition targets. Furthermore, following the company’s progress and monitoring external conditions in the financial markets will be crucial for investors aiming to capitalize on Columbus Circle Capital Corp. II's future strategies and developments.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
New York, NY, Feb. 12, 2026 (GLOBE NEWSWIRE) -- Columbus Circle Capital Corp. II (Nasdaq: CMIIU) (the “Company”) and Cohen & Company Inc. (NYSE American: COHN) (“Cohen & Company”) today announced the closing of the Company’s initial public offering of 23,000,000 units, which included 3,000,000 units issued pursuant to the full exercise by the underwriters of their over-allotment option. The offering was priced at $10.00 per unit, resulting in gross proceeds of $230,000,000.
The Company’s units began trading on the Nasdaq Global Market (“Nasdaq”) on February 11, 2026, under the ticker symbol “CMIIU.” 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.
Cohen & Company Capital Markets, a division of Cohen & Company Securities, LLC, acted as the lead book-running manager for the offering. Clear Street LLC acted as joint book-runner. Ellenoff Grossman & Schole LLP, and Ogier (Cayman) LLP, served as legal counsel to the Company, and Loeb & Loeb LLP served as legal counsel to the underwriters. A subsidiary of Cohen & Company also acted as sponsor of the Company.
A registration statement relating to the units and the underlying securities was declared effective by the Securities and Exchange Commission (the “SEC”) 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 was made only by means of a prospectus, copies of which 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.
Of the proceeds received from the consummation of the initial public offering and a simultaneous private placement of units, $230,000,000 was placed in the Company’s trust account for the benefit of the Company’s public shareholders. An audited balance sheet of the Company as of February 12, 2026 reflecting receipt of the proceeds upon consummation of the initial public offering and the private placement will be included as an exhibit to a Current Report on Form 8-K to be filed by the Company with the SEC.
About Columbus Circle Capital Corp. II
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.
About Cohen & Company Inc.
Cohen & Company is a financial services company specializing in an expanding range of capital markets and asset management services. Cohen & Company’s operating segments are Capital Markets, Asset Management, and Principal Investing. The Capital Markets segment consists of sales, trading, gestation repo financing, new issue placements in corporate and securitized products, underwriting, and advisory services, operating primarily through Cohen & Company’s subsidiaries, Cohen & Company Securities, LLC (“CCS”) in the United States and Cohen & Company Financial (Europe) S.A. in Europe. Cohen & Company Capital Markets (“CCM”), a division of CCS, is Cohen & Company’s full-service boutique investment bank providing capital markets and SPAC advisory services to corporations, financial sponsors, investors, and institutions. The Capital Markets segment also includes investment returns on financial instruments that Cohen & Company has received as consideration for investment banking and new issue services provided by CCM. The Asset Management segment manages assets through investment funds, managed accounts, joint ventures, and collateralized debt obligations. As of December 31, 2025, Cohen & Company had approximately $1.4 billion of assets under management in primarily fixed income assets in a variety of asset classes including European bank and insurance trust preferred securities, debt issued by small and medium sized European, U.S., and Bermudian insurance and reinsurance companies, and commercial real estate loans. The Principal Investing segment is comprised primarily of investments Cohen & Company has made for the purpose of earning an investment return rather than investments made to support its trading or other capital markets business activity. For more information, please visit www.cohenandcompany.com.
Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements,” including with respect to the search for an initial business combination. 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 prospectus for the offering filed with the SEC. 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
Cohen & Company Inc.
Joseph W. Pooler, Jr.
investorrelations@cohenandcompany.com
FAQ**
What strategies does Columbus Circle Capital Corp. II (CMIIU) plan to implement to identify potential merger targets following the completion of their initial public offering?
How does the pricing of the CM Life Sciences II Inc. Unit CMIIU at $10.00 per unit compare to similar offerings in the SPAC market over the last year?
What are the key advantages of investing in the CM Life Sciences II Inc. Unit CMIIU, especially considering its unique business model as a blank check company?
Can Cohen & Company provide more detailed insights on the potential risks associated with the CM Life Sciences II Inc. Unit CMIIU, as mentioned in the risk factors of the registration statement?
**MWN-AI FAQ is based on asking OpenAI questions about Cohen & Company Inc. (NYSE: COHN).
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