Cohen Circle Acquisition Corp. II reported first-quarter 2026 results showing net income of $1.87M and diluted earnings per share of $0.05, compared with a net loss of $(5.42K) and effectively $(0.00) EPS in the year‑ago quarter. The company has no operating revenues; interest income from cash held in trust is recorded as other income.
Financial Highlights
- Net income was $1.87M for Q1 2026, compared with a net loss of $(5.42K) in Q1 2025.
- Diluted EPS was $0.05 for Q1 2026 (basic and diluted), versus $(0.00) for Class B in Q1 2025.
- Revenue: Not reported for Q1 2026; the company had no operating revenues and records interest income as other income.
Business Highlights
- Business model: The company is a Cayman Islands blank-check (SPAC) formed to identify and acquire one or more target businesses.
- Operations: To date it has no operating revenues and has incurred costs for organization, IPO preparation and searching for targets.
- Capital deployment: $253M raised in the IPO is held in trust to be used primarily to fund a Business Combination and future target operations.
- Liquidity: Interest income from the trust provides non-operating income; only limited withdrawals are permitted for working capital.
- Outlook & risks: Management expects continued acquisition-search costs and cannot guarantee a successful Business Combination.
Original SEC Filing:
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