Cohen Circle Acquisition Corp. II closes $253 million IPO, places funds in trust
On July 2, 2025, Cohen Circle Acquisition Corp. II closed its initial public offering of 25,300,000 units at $10.00 per unit, including the full exercise of the underwriters' over-allotment option, for gross proceeds of $253 million. The company placed $253 million in a trust account, and the filing states it has not selected a business combination target. Public shareholders' funds are held in trust until a business combination is completed or the funds are returned.
Key points
- 25,300,000 units sold at $10.00 each on July 2, 2025, including 3,300,000 over-allotment units, for $253,000,000 gross proceeds.
- Private placement of 720,000 units for $7,200,000; the sponsor bought 445,000 units and Clear Street LLC bought 275,000.
- $253,000,000 placed in trust with Continental Stock Transfer & Trust Company; the company has 24 months from the IPO closing, or 27 months if a definitive agreement is signed within 24 months, to complete a business combination.
- Balance sheet as of July 2, 2025 shows cash of $2,172,744 and total assets of $255,296,477.
The filing
Written by AI on Nov 9, 2026, 11:46 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 09, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.