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Initial public offerings

Cohen Circle Acquisition Corp. I Announces Pricing of Initial Public Offering

Strategic Insights

— 1 min read

Cohen Circle Acquisition Corp. I, a blank check company focused on fintech acquisitions, has successfully priced its initial public offering of 20,000,000 units at $10.00 per unit. The offering consists of one Class A ordinary share and one-third of a redeemable warrant exercisable for one Class A ordinary share at $11.50 per share. The units will begin trading on October 11, 2024, under the symbol "CCIRU," with the Company's Class A ordinary shares and warrants expected to be listed on NASDAQ under "CCIR" and "CCIRW," respectively.

Key Takeaways:

  • The Company has raised $200,000,000 in gross proceeds from the offering, with the option to purchase an additional 3,000,000 units at the initial public offering price to cover over-allotments.
  • The Company was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses.
  • The management team is led by Betsy Z. Cohen, Chairman of the Board of Directors, President, and Chief Executive Officer.
  • The Company aims to acquire companies in the fintech sector and fintech adjacent sectors that power transformation and innovation.
  • The offering is being made only by means of a prospectus, and copies may be obtained through Cantor Fitzgerald & Co. or the SEC's website at www.sec.gov.
  • The Company has granted Cantor Fitzgerald & Co. a 45-day option to purchase up to an additional 3,000,000 units to cover over-allotments.

Statistics:

  • 20,000,000 units priced at $10.00 per unit, raising $200,000,000 in gross proceeds.
  • 45-day option to purchase up to an additional 3,000,000 units, totaling up to 23,000,000 units.
  • 1:1 ratio of Class A ordinary shares to redeemable warrants, exercisable for one Class A ordinary share at $11.50 per share.

Sources:

  • Cohen Circle Acquisition Corp. I press release, October 10, 2024, via GlobeNewswire.
  • Form 8-K filed with the Securities and Exchange Commission on October 10, 2024.
  • Sec. Reg. S-K (17 CFR part 229) as amended by SEC SMDA (2023).

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