Cohen Circle Acquisition Corp. I Announces Pricing of $200,000,000 Initial Public Offering
11 October 2024 - 8:22AM
Cohen Circle Acquisition Corp. I (NASDAQ:CCIRU) (the “Company”)
today announced the pricing of its initial public offering of
20,000,000 units at a price of $10.00 per unit. The Company's units
will be listed on the Nasdaq Global Market under the symbol "CCIRU"
and will begin trading on October 11, 2024. Each unit issued in the
offering consists of one Class A ordinary share of the Company and
one-third of one redeemable warrant, each whole warrant exercisable
for one Class A ordinary share at an exercise price of $11.50 per
share. Once the securities comprising the units begin separate
trading, the Class A ordinary shares and warrants are expected to
be listed on NASDAQ under the symbols “CCIR” and “CCIRW,”
respectively. No fractional warrants will be issued upon separation
of the units and only whole warrants will trade. The closing of the
offering is anticipated to take place on or about October 15, 2024,
subject to customary closing conditions.
Cantor Fitzgerald & Co. is serving as the sole book-running
manager for the offering. The Company has granted the underwriters
a 45-day option to purchase up to an additional 3,000,000 units at
the initial public offering price to cover over-allotments, if
any.
The Company is a blank check company 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 may pursue an acquisition
opportunity in any business or industry or at any stage of its
corporate evolution. The Company’s primary focus, however, will be
to identify companies in the financial services technology
(fintech) sector and fintech adjacent sectors that power
transformation and innovation. The Company is sponsored by Cohen
Circle, LLC, and the management team is led by Betsy Z. Cohen, its
Chairman of the Board of Directors, President and Chief Executive
Officer.
A registration statement relating to the units and the
underlying securities was declared effective by the Securities and
Exchange Commission on October 10, 2024. This press release shall
not constitute an offer to sell or the solicitation of an offer to
buy, nor shall there be any sale of, these securities in any state
or jurisdiction in which such offer, solicitation, or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
The offering is being made only by means of a prospectus, copies
of which may be obtained by contacting Cantor Fitzgerald & Co.,
Attention: Capital Markets, 499 Park Avenue, 5th Floor, New York,
New York 10022, email: prospectus@cantor.com. Copies of the
registration statement can be accessed for free through the SEC's
website at www.sec.gov.
This press release contains statements that constitute
“forward-looking statements,” including with respect to the initial
public offering. No assurance can be given that such offering will
be completed on the terms described, or at all. Forward-looking
statements are subject to numerous conditions, many of which are
beyond the control of the Company, including those set forth in the
Risk Factors section of the Company's registration statement and
preliminary prospectus for the offering filed with the Securities
and Exchange Commission. The Company undertakes no obligation to
update these statements for revisions or changes after the date of
this press release, except as required by law.
Contact Information:
Cohen Circle Acquisition Corp. I info@cohencircle.com
Cohen Circle Acquisition... (NASDAQ:CCIRU)
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