Cohen & Company's SPAC IPO of Columbus Circle raises $250M

Cohen & Co Inc.

Columbus Circle Capital Corp. I (NASDAQ: CCCMU) sold 25M units at $10/unit for $250M gross proceeds.
Cohen & Company LLC is managing member of sponsor; CCM acted as lead underwriter.
Sponsor holds 8.33M founder shares; Cohen's Operating LLC allocated 3.15M founder shares.
Private placement: Sponsor purchased 265K placement units ($2.65M); CCM purchased 392K placement units ($3.92M).
If no business combination within 24 months, SPAC liquidates; placement units and warrants become worthless.

item 8.01

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