- Columbus Circle Capital Corp I (CCCMU, Financial) has priced its upsized IPO at $220 million.
- Each unit offered at $10 includes one Class A ordinary share and half a redeemable warrant.
- Trading on Nasdaq under the symbol "CCCMU" begins May 16, 2025.
Columbus Circle Capital Corp I (NASDAQ: CCCMU) has announced the successful pricing of its upsized initial public offering (IPO), raising $220 million through 22 million units priced at $10 each. Each unit comprises one Class A ordinary share and one-half of a redeemable warrant. Each whole warrant permits the purchase of a Class A share at $11.50.
The units are set to begin trading on the Nasdaq Global Market on May 16, 2025, under the ticker symbol "CCCMU". After the units start trading separately, the Class A shares will trade under "CCCM", and the warrants under "CCCMW".
As a special purpose acquisition company (SPAC), Columbus Circle Capital Corp I is led by CEO Gary Quin and CFO Joseph W. Pooler Jr. The SPAC plans to pursue business combinations across any industry or geographical location, although no specific targets have been identified yet.
The company has granted the underwriters a 45-day option to purchase up to an additional 3.3 million units to cover over-allotments, potentially increasing the total offering size by $33 million. The offering is expected to close around May 19, 2025, subject to customary closing conditions.
