Cohen Circle Acquisition II, a blank check company led by SPAC veteran Betsy Cohen targeting fintech, filed on Friday with the SEC to raise up to $220 million in an initial public offering.
The Philadelphia, PA-based company plans to raise $220 million by offering 22 million units at $10. Each unit contains one share of common stock, and one-fourth of a warrant. At the proposed deal size, Cohen Circle Acquisition II would command a market cap of $303 million.
The SPAC is set to be led by CEO and Chairman Betsy Cohen, the General Partner of Cohen Circle FinTech Ventures and Radiate Capital Fund, as well as CFO R. Maxwell Smeal, the CFO of Cohen Circle. Betsy Cohen has previously led several SPACs, including Cohen Circle Acquisition I, which announced plans in March to merge with Ukrainian telecom Kyivsta, FTAC Olympus Acquisition, which merged with Payoneer (Nasdaq: PAYO), and of FTAC Athena Acquisition and FTAC Hera Acquisition, which both liquidated.
The Philadelphia, PA-based company was founded in 2024 and plans to list on the Nasdaq under the symbol CCIIU. Cohen Circle Acquisition II filed confidentially on April 18, 2025. Clear Street is the sole bookrunner on the deal.
