Cohen Circle Acquisition Corp. II, 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, has released its Form 10-Q report for the quarter ended September 30, 2025. The report provides a detailed overview of the company's financial performance and operational status as it continues to seek a suitable target for a business combination.
Financial Highlights
- Net Income: $2.28 million for the three months ended September 30, 2025, driven by interest earned on marketable securities held in the Trust Account.
- Net Income: $2.24 million for the nine months ended September 30, 2025, primarily due to interest income from the Trust Account.
- Basic and diluted net income per Class A ordinary share: $0.07 for the three months ended September 30, 2025.
- Basic and diluted net income per Class A ordinary share: $0.14 for the nine months ended September 30, 2025.
- Basic net income per Class B ordinary share: $0.07 for the three months ended September 30, 2025.
- Basic net income per Class B ordinary share: $0.14 for the nine months ended September 30, 2025.
- Diluted net income per Class B ordinary share: $0.07 for the three months ended September 30, 2025.
- Diluted net income per Class B ordinary share: $0.14 for the nine months ended September 30, 2025.
Business Highlights
- Business Overview: Cohen Circle Acquisition Corp. II 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 is in the early stages of identifying a target for a business combination.
- Operational Status: As of September 30, 2025, the company had not commenced any operations. All activities to date have been related to the company's formation, the initial public offering, and identifying a target company for a business combination.
- Segment Information: The company operates as a single segment, with the Chief Financial Officer acting as the Chief Operating Decision Maker. The focus is on managing cash flow and ensuring sufficient capital is available to complete a business combination within the designated period.
- Future Outlook: The company plans to use the funds held in the Trust Account to complete a business combination. Management has broad discretion with respect to the specific application of the net proceeds, which are intended to be applied generally toward consummating a business combination.
- Liquidity and Capital Resources: The company has $1,751,613 in cash held outside of the Trust Account and working capital of $1,825,625 as of September 30, 2025. These funds are primarily intended for identifying and evaluating target businesses and completing a business combination.
- Management's Discussion: The company expects to continue incurring significant costs in pursuit of its acquisition plans and does not anticipate generating operating revenues until after the completion of a business combination. The focus remains on identifying a suitable target for a business combination.
SEC Filing: