Cohen Circle Acquisition Corp. II reported Q1 FY2026 results with net income of $1.87 million, a significant increase from the prior year, driven by a large year-over-year percentage change. Operating income was a loss of $0.40 million, also reflecting a large negative change. The company had cash of $1.46 million and negative equity of $9.24 million, with no long-term debt reported.
•Net income of $1.87 million, up 34,521% YoY.
•Operating loss of $0.40 million, down 7,278% YoY.
•Cash of $1.46 million; negative equity of $9.24 million.
•No long-term debt; no revenue reported.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
Cohen Circle Acquisition Corp. II focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2024 and is based in Philadelphia, Pennsylvania.
What does Cohen Circle Acquisition Corp. II (CCII) do?
Cohen Circle Acquisition Corp. II is a blank check company, also known as a special purpose acquisition company (SPAC), 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 company does not have its own operations or revenue; instead, it raises capital through an initial public offering (IPO) to acquire or merge with an existing private company, thereby taking it public. As of now, CCII has not yet identified a target business for acquisition. The company is focused on the financial services sector but may pursue opportunities in other industries.
On which stock exchange is Cohen Circle Acquisition Corp. II (CCII) listed and what is its trading currency?
Cohen Circle Acquisition Corp. II is listed on the Nasdaq Capital Market (NasdaqGM) under the ticker symbol CCII. The trading currency for its shares is the US Dollar (USD). Being listed on Nasdaq provides the company with access to a broad base of institutional and retail investors. As a SPAC, CCII's shares and warrants may trade separately, and the company is subject to Nasdaq's listing standards, including minimum equity requirements and corporate governance rules. Investors can buy and sell CCII shares through brokerage accounts that offer access to US stock exchanges.
What sector and industry does Cohen Circle Acquisition Corp. II (CCII) belong to?
Cohen Circle Acquisition Corp. II operates in the Financial Services sector and is classified under the Shell Companies industry. Shell companies are entities that have no active business operations or significant assets, often created for the purpose of raising funds through an IPO to acquire or merge with another business. In the case of CCII, it is a SPAC specifically designed to pursue a business combination. The Financial Services sector encompasses a wide range of companies including banks, investment firms, and insurance providers, but as a shell company, CCII does not currently engage in any financial services activities.
Where is Cohen Circle Acquisition Corp. II (CCII) headquartered and in which country was it incorporated?
Cohen Circle Acquisition Corp. II is headquartered in Philadelphia, Pennsylvania, United States. The company was incorporated in 2024, making it a relatively new entity. Its location in Philadelphia places it in a major US financial and business hub, which may facilitate networking and deal sourcing for potential acquisitions. As a US-based SPAC, CCII is subject to US securities laws and regulations, including those enforced by the Securities and Exchange Commission (SEC). The company's focus is on identifying and merging with a target business, likely in the United States, though it could consider opportunities globally.
What is the business model of Cohen Circle Acquisition Corp. II (CCII)?
Cohen Circle Acquisition Corp. II operates as a blank check company, also known as a special purpose acquisition company (SPAC). Its business model involves raising capital through an initial public offering (IPO) and then using those funds to acquire or merge with an existing private company, thereby taking it public. CCII does not generate revenue from operations; instead, it holds the IPO proceeds in a trust account until a target is identified and a business combination is approved by shareholders. If no acquisition is completed within a specified timeframe (typically 18-24 months), the company must return the funds to investors. The management team, led by Cohen Circle, typically has expertise in finance and mergers and acquisitions, and they earn a promote (a portion of the equity) upon successful completion of a deal.