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Cohen & Company's SPAC Columbus Circle Capital III files for a $200 million IPO

May 26, 2026

Columbus Circle Capital III, a blank check backed by Cohen & Company, filed on Tuesday with the SEC to raise up to $200 million in an initial public offering.

The company plans to raise $200 million by offering 20 million units at $10. Each unit consists of one share of common stock, and one-third of one warrant to purchase a share, exercisable at $11.50.

Columbus Circle Capital II is led by CEO and Chairman Gary Quin, who currently serves as Vice Chairman of Cohen & Company Capital Markets. He is joined by CFO Joseph Pooler Jr., the CFO and Treasurer of Cohen & Company. The SPAC plans to target attractive and undervalued opportunities in private and public markets across the  North America, EMEA, and LatAm regions, focusing on AI and digital infrastructure, sports, media and entertainment, energy transition, mining, and cryptocurrency.

Management's previous SPACs include Columbus Circle Capital II (CMIIU; -0.1% from $10 offer price), which went public in February 2026 and is still searching for a target, and Columbus Circle Capital I which merged with bitcoin treasury developer ProCap Financial (BRR; -84%) in December 2025.

The New York, NY-based company was founded in 2025. It plans to list on the Nasdaq under the symbol CCCTU. Cohen & Company Securities and Clear Street are the joint bookrunners on the deal.