Cohen Circle Acquisition Corp. II closes $253M SPAC IPO; units start trading July 1

Cohen Circle Acquisition Corp. II

Priced 22M units at $10/unit June 30; underwriters exercised over-allotment for 3.3M additional units, raising total gross proceeds of $253M.
Net proceeds of $253M deposited in trust account for public shareholders; funds held until business combination or 24-month deadline.
Concurrent private placement of 720,000 Placement Units to sponsor and Clear Street raised $7.2M.
Appointed eight directors including Betsy Z. Cohen (CEO), Daniel G. Cohen (Chairman), Amanda Abrams (Vice-Chairman); audit and compensation committees formed.
SPAC to focus on fintech and fintech-adjacent sectors for initial business combination.

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