PHILADELPHIA, PA — Cohen Circle Acquisition Corp. I (NASDAQ: CCIRU) successfully closed its initial public offering (IPO), securing $230 million in gross proceeds on Tuesday. The offering included 23 million units, priced at $10 each, with the total units factoring in the full exercise of an over-allotment option by the underwriters.
Trading commenced on the Nasdaq Global Market under the ticker symbol “CCIRU” on October 11, 2024. Each unit consists of one Class A ordinary share and one-third of a redeemable warrant, with each whole warrant allowing the purchase of an additional Class A share at $11.50. Following the separation of the securities, the shares and warrants will trade under “CCIR” and “CCIRW” respectively.
A substantial $231.15 million has been allocated to the company’s trust account from the IPO and a concurrent private placement, equating to $10.05 per unit. This blank check company aims to merge or acquire businesses, focusing primarily on the fintech sector and related industries that drive innovation.
Led by Chairman, President, and CEO Betsy Z. Cohen, Cohen Circle Acquisition Corp. I intends to seek out transformative opportunities within the financial services technology domain. The IPO was managed by Cantor Fitzgerald & Co. as the sole book-running manager.
The U.S. Securities and Exchange Commission declared the registration statement for this offering effective on October 10, 2024.
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