Cohen Circle Acquisition II, a blank check company led by SPAC veteran Betsy Cohen targeting fintech, raised $220 million by offering 22 million units at $10. Each unit consists of one share of common stock and one-fourth of a warrant, exercisable at $11.50.
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. Betsy Cohen has previously led several SPACs, including Cohen Circle Acquisition I (CCIR; +10% from $10 offer price), which announced plans in March to merge with Ukrainian telecom Kyivsta. The SPAC plans to target the fintech sector and fintech adjacent sectors that power transformation and innovation.
Cohen Circle Acquisition II plans to list on the Nasdaq under the symbol CCIIU. Clear Street acted as sole bookrunner on the deal.
