IPO - Cohen & Co Inc.

Form Type: 8-K

Filing Date: 2025-05-21

Corporate Action: Ipo

Type: New

Accession Number: 000110465925051612

Filing Summary: On May 19, 2025, Columbus Circle Capital Corp. I, a SPAC, completed the sale of 25,000,000 units in its initial public offering (IPO), generating gross proceeds of $250,000,000. Cohen & Company, LLC, the operating subsidiary of Cohen & Co Inc., is involved as the managing member and a member of the Sponsor of the SPAC. CCM, a division of Cohen & Co Inc.’s broker-dealer subsidiary, acted as the lead underwriter for the IPO. Each unit sold in the IPO comprised a Class A ordinary share and a warrant, sold at an offering price of $10.00. A total of $250,000,000 from the IPO was placed into a trust account, accessible for specific purposes after a Business Combination. The document outlines several agreements and financing arrangements related to the SPAC's initial public offering and potential future business combinations, as well as the potential for non-completion leading to liquidation. It also indicates that the Sponsor had significant involvement financially. Forward-looking statements regarding operational expectations and financial performance risks are included, cautioning that actual results may vary significantly from projections due to numerous uncertainties and risks.