Cohen Circle Acquisition II reported no operating revenue for the year ended December 31, 2025, and a basic and diluted net income per Class A ordinary share of $0.21 driven by interest earned on trust assets. The company recorded a net income of $4.355499 million while reporting a loss from operations of $(694,814) as it incurred public-company and transaction-related expenses. The results reflect pre‑combination activity following the July 2, 2025 IPO and private placement used to fund a prospective business combination.
Financial Highlights
- Revenue: $0 — the company has not generated operating revenues to date.
- Operating Income: $(694,814) — reported as loss from operations for the year ended December 31, 2025.
- Net Income: $4,355,499 — attributable to interest earned on marketable securities held in the trust account.
- Net Income Per Share: $0.21 — basic and diluted net income per Class A ordinary share for the year ended December 31, 2025.
Business Highlights
- IPO and capital raise: Completed an initial public offering and a related private placement on July 2, 2025, raising approximately $260.2 million gross to pursue a business combination.
- No operating revenues yet: The company remains a blank‑check / special purpose acquisition vehicle focused on identifying and acquiring a target business; it has not commenced substantive operations of an acquired business.
- Trust account interest income: Earned significant non‑operating interest income from marketable securities held in the trust account, which supported pre‑combination operations.
- Operational readiness and costs: Incurred public‑company general and administrative expenses and due diligence costs related to evaluating potential targets; permitted withdrawals from the trust of up to $400,000 annually for working capital prior to a business combination.
- Acquisition focus and use of proceeds: Intends to use trust funds to finance a business combination and to provide post‑combination working capital and strategic growth capital for the acquired company.
Original SEC Filing:
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