Columbus Circle Capital Corp II (CMII) is a blank-check special purpose acquisition company (SPAC) incorporated to identify and complete a merger, share exchange, asset acquisition, or similar business combination with one or more target businesses. The company generates no operating revenue prior to completing an initial Business Combination. CMII completed its Initial Public Offering on February 10, 2026, issuing Public Units at $10.00 per unit, each consisting of one Class A Ordinary Share and one-third of one Public Warrant, and simultaneously closed a private placement of 665,000 Private Units to its Sponsor and Representatives at $10.00 per unit, generating $6,650,000 in gross proceeds from the private placement. The company was incorporated on April 3, 2025. Target industries identified in its 10-K (filed 2026-03-30, for the fiscal year ended December 31, 2025) include AI and digital infrastructure, sports, media and entertainment, and healthcare. CCM, a division of Cohen & Company Securities, LLC, and Clear Street served as representatives of the underwriters. No cash dividends have been paid as of the filing date.

Revenue model

No operating revenue is generated prior to an initial Business Combination. The company reimburses an affiliate of its Sponsor $10,000 per month for office space, utilities, and administrative support under an Administrative Services Agreement commencing February 11, 2026. As of December 31, 2025, $0 in fees had been incurred under that agreement.

Products and services

Public Units (each consisting of one Public Share and one-third of one Public Warrant) sold in the Initial Public Offering at $10.00 per unit. Private Placement Units sold to the Sponsor and Representatives at $10.00 per unit. Public Warrants redeemable upon a Business Combination. Working capital loans convertible into post-Business Combination units at $10.00 per unit, up to $1,500,000.

Customers and end markets

Target acquisition industries identified in the FY2025 10-K include AI and digital infrastructure, sports, media and entertainment, and healthcare. Capital sourcing relationships include financial sponsors, family offices, and private banks.

Value-chain role

Blank-check acquisition vehicle. Raises capital through a public offering and private placement, holds proceeds in trust, and seeks to complete a business combination with a private operating company. Advisory and underwriting support provided by CCM (a division of Cohen & Company Securities, LLC) and Clear Street.

Source: SEC 10-K, filed 2026-03-30

Industry: Blank Checks