Columbus (WA:CLC) Circle Capital Corp I, a blank check company, has successfully finalized its initial public offering (IPO) on May 19, 2025, raising a total of $250 million from the sale of 25 million units, including 3 million units issued through the underwriters’ over-allotment option. The units, priced at $10 each, consist of one Class A ordinary share and half of one redeemable warrant, with each whole warrant allowing the purchase of one Class A ordinary share at $11.50.
Concurrently with the IPO, the company also conducted a private sale of 705,000 units, generating an additional $7.05 million in proceeds. The private placement units were sold to Columbus Circle 1 Sponsor Corp LLC, the company’s sponsor, and to the representatives of the underwriters, at the same price of $10 per unit.
The aggregate proceeds from the IPO and the private sale, amounting to $250 million, were deposited into a trust account with Continental Stock Transfer & Trust Company, serving as trustee.
The company, which is classified as an emerging growth company, has filed an audited balance sheet as of May 19, 2025, reflecting the receipt of the IPO and private placement proceeds. This financial statement is included as Exhibit 99.1 in the 8-K filing with the Securities and Exchange Commission.
Columbus Circle Capital Corp I’s units, Class A ordinary shares, and redeemable warrants are listed on the Nasdaq Stock Market under the ticker symbols CCCMU, CCCM, and CCCMW, respectively.
This news article is based on the company’s press release statement and SEC filings.
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