Cohen & Co announced its division Cohen & Company Capital Markets served as lead underwriter for Columbus Circle Capital Corp. III's $230.0 million IPO.
Key Highlights:
- SPAC sold 23,000,000 units at $10.00 each, including 3,000,000 units from underwriter overallotment, for $230,000,000 gross proceeds.
- $230,000,000 of proceeds placed in trust; funds released only on business combination, redemptions, or approved amendments.
- Sponsor bought 265,000 placement units for $2,650,000; CCM used $3.6M underwriting fee to buy 360,000 placement units.
- Operating LLC consolidates Sponsor, treats Sponsor investment as equity-method; Sponsor holds 7,666,667 founder shares.
Original SEC Filing:
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