SPAC Columbus Circle Capital II files for a $200 million IPO
February 11, 2026 News
SPAC Columbus Circle Capital II prices $200 million IPO, backed by Cohen & Company
Columbus Circle Capital II, a blank check backed by Cohen & Company, raised $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one-third of one warrant, exercisable at $11.50.
IPO Overview
Columbus Circle Capital II, a blank check backed by Cohen & Company, filed on Wednesday with the SEC to raise up to $200 million in an initial public offering.
The New York, NY-based company plans to raise $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50.
Columbus Circle Capital II is led by CEO and Chairman Gary Quin, who currently serves as Vice Chairman of Cohen & Company Capital Markets. He is joined by CFO Joseph Pooler Jr., the CFO and Treasurer of Cohen & Company. The SPAC plans to target attractive and undervalued opportunities in private and public markets across the EMEA and LatAm regions, focusing on AI and digital infrastructure, sports, media and entertainment, healthcare, energy transition, mining industries, and cryptocurrency.
Management’s previous SPAC, Columbus Circle Capital I, raised $220 million in an IPO in May 2025, and merged with bitcoin treasury developer ProCap Financial （Nasdaq: BRR） in December 2025.
The New York, NY-based company was founded in 2025 and plans to list on the Nasdaq under the symbol CMIIU. Columbus Circle Capital II filed confidentially on October 28, 2025. Cohen & Company Securities and Clear Street （CSIG） are the joint bookrunners on the deal.
About the Company
We are 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. We are affiliated with Cohen. Cohen is a financial services company specializing in an expanding range of capital markets and asset management services. Its business segments are Capital Markets, Asset Management, and Principal Investing. The Capital Markets business segment consists of fixed income sales, trading, gestation repo financing, new issue placements in corporate and securitized products, underwriting, and advisory services. Each member of our management team is involved in Columbus Circle Capital Corp I （Nasdaq: BRR）， a blank check company that on May 19, 2025 consummated its IPO of 25,000,000 units.