Latest news with #Cohen&Company
Yahoo
13-06-2025
- Business
- Yahoo
Anthony Pompliano Set to Head $750M Bitcoin Investment Vehicle: FT
Anthony Pompliano, a longtime cryptocurrency evangelist and CEO at Professional Capital Management, is set to become CEO of ProCapBTC, a new investment vehicle aiming to acquire large amounts of bitcoin BTC, according to the Financial Times, which cited three people familiar with the talks. Under the proposed deal, ProCapBTC plans to raise $750 million, $500 million in equity and $250 million in convertible debt, in a merger with Columbus Circle Capital 1, a special purpose acquisition company (SPAC) backed by Cohen & Company, the FT said. A deal could be announced as early as next week, although negotiations are still in progress and final terms uncertain. Bitcoin buying has become an increasingly popular treasury strategy, with 126 publicly traded companies now holding almost 820,000 bitcoin, according to Strategy (MSTR), the software maker whose Executive Chairman Michael Saylor pioneered the approach now holds $61 billion worth of BTC. If all ProCapBTC's $750 million was spent on bitcoin, it would rank just outside the top 10 holders of the largest cryptocurrency. The move reflects renewed enthusiasm in crypto markets following the election of U.S. President Donald Trump, who on Thursday said it's an "honor" to be considered a pro-crypto president. His administration's easing of rules governing the industry has prompted a number of companies to consider selling shares to the public. Last week, stablecoin issuer Circle (CRCL) rose 168% on its first day of trading and the Peter Thiel-backed Bullish, is reportedly pursuing an IPO. Bullish Group is the parent of both CoinDesk and Bullish Exchange. Pompliano, who also hosts a podcast, declined to comment to the FT, and Cohen & Company did not respond to its request for comment. UPDATE (June 13, 15:25 UTC): Adds Pompliano's professional experience in first paragraph. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
19-05-2025
- Business
- Yahoo
Columbus Circle Capital Corp. I and Cohen & Company Inc. Announce Completion of Upsized $250,000,000 Initial Public Offering
New York, NY, and Philadelphia, PA, May 19, 2025 (GLOBE NEWSWIRE) -- Columbus Circle Capital Corp. I (NASDAQ: CCCMU) (the 'Company') and Cohen & Company Inc. (NYSE American: COHN) ('Cohen & Company') today announced the closing of the Company's upsized initial public offering of 25,000,000 units, which included 3,000,000 units issued pursuant to the partial exercise by the underwriters of their over-allotment option. The offering was priced at $10.00 per unit, resulting in gross proceeds of $250,000,000. The Company's units began trading on the Nasdaq Global Market ('NASDAQ') on May 16, 2025, under the ticker symbol 'CCCMU.' Each unit consists of one Class A ordinary share of the Company and one-half of one redeemable warrant, with each whole warrant entitling the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share, subject to certain adjustments. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on NASDAQ under the symbols "CCCM' and "CCCMW,' respectively. Cohen & Company Capital Markets, a division of Cohen & Company's broker-dealer subsidiary, J.V.B. Financial Group, LLC, acted as the lead book-running manager for the offering. Clear Street LLC acted as joint book-runner. Ellenoff Grossman & Schole LLP, and Ogier (Cayman) LLP, served as legal counsel to the Company, and Loeb & Loeb LLP served as legal counsel to the underwriters. A subsidiary of Cohen & Company also acted as sponsor of the Company. A registration statement relating to the units and the underlying securities was declared effective by the Securities and Exchange Commission (the 'SEC') on May 15, 2025. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering was made only by means of a prospectus, copies of which may be obtained from Cohen & Company Capital Markets, 3 Columbus Circle, 24th Floor, New York, NY 10019, Attention: Prospectus Department, or by email at: capitalmarkets@ Copies of the registration statement can be accessed for free through the SEC's website at Of the proceeds received from the consummation of the initial public offering and a simultaneous private placement of units, $250,000,000 was placed in the Company's trust account for the benefit of the Company's public shareholders. An audited balance sheet of the Company as of May 19, 2025 reflecting receipt of the proceeds upon consummation of the initial public offering and the private placement will be included as an exhibit to a Current Report on Form 8-K to be filed by the Company with the SEC. About Columbus Circle Capital Corp. I The Company is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company may pursue an initial business combination target in any industry or geographical location. The Company's management team is led by Gary Quin, its Chief Executive Officer and Chairman of the board of directors, and Joseph W. Pooler, Jr., its Chief Financial Officer. Garrett Curran, Alberto Alsina Gonzalez, Dr. Adam Back and Matthew Murphy are independent directors. About Cohen & Company Inc. Cohen & Company is a financial services company specializing in an expanding range of capital markets and asset management services. Cohen & Company's operating segments are Capital Markets, Asset Management, and Principal Investing. The Capital Markets segment consists of fixed income sales, trading, gestation repo financing, new issue placements in corporate and securitized products, underwriting, and advisory services, operating primarily through Cohen & Company's subsidiaries, J.V.B. Financial Group, LLC ('JVB') in the United States and Cohen & Company Financial (Europe) S.A. in Europe. Cohen & Company Capital Markets ('CCM'), a division of JVB, is Cohen & Company's full-service boutique investment bank that focuses on mergers and acquisitions, capital markets, and SPAC advisory services. The Capital Markets segment also includes investment returns on financial instruments that Cohen & Company has received as consideration for advisory, underwriting, and new issue placement services provided by CCM. The Asset Management segment manages assets through collateralized debt obligations, managed accounts, joint ventures, and investment funds. As of March 31, 2025, Cohen & Company had approximately $2.3 billion of assets under management in primarily fixed income assets in a variety of asset classes including U.S. and European bank and insurance trust preferred securities, debt issued by small and medium sized European, U.S., and Bermudian insurance and reinsurance companies, equity interests of SPACs and their sponsor entities, and commercial real estate loans. The Principal Investing segment is comprised primarily of investments Cohen & Company holds related to its SPAC franchise and other investments Cohen & Company has made for the purpose of earning an investment return rather than investments made to support its trading or other capital markets business activity. For more information, please visit Forward-Looking Statements This press release contains statements that constitute 'forward-looking statements,' including with respect to the initial public offering. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and prospectus for the offering filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this press release, except as required by law. Contact Information: Columbus Circle Capital Corp IGary Quin, Chief Executive Officergquin@ Cohen & Company W. Pooler,
Irish Independent
19-05-2025
- Business
- Irish Independent
Irish businessman Gary Quin floats $220m Spac on Nasdaq
The Spac, called Columbus Circle Capital I, is backed by a New York-based boutique investment bank, Cohen & Company Capital Markets. At the end of last year, it had $2.3bn of assets under management, primarily in fixed income. Columbus Circle Capital I is eyeing potential investment opportunities across a range of sectors, from artificial intelligence and healthcare to mining. In early 2021, Mr Quin floated another Spac, the North Atlantic Acquisition Corporation, on the stock market in the US, raising almost $400m. However, it later returned all its cash to shareholders after failing to cement a merger deal. Mr Quin joined Cohen & Company in 2023 as a special adviser after his previous tilt at securing a deal for his former Spac fell through. He is currently vice chairman of Cohen & Company and is serving as the chief executive and chairman of the new Spac. Columbus Circle Capital I is using the proceeds of the Nasdaq flotation to target 'attractive and undervalued opportunities' in public and private markets across Europe, the Middle East, Africa and Latin America. It also wants to identify companies that would benefit from redomiciling in the United States, where it says the targets would 'have greater capital access and reach a larger consumer base'. 'We believe that there are ample opportunities in our target industries, which include artificial intelligence and digital infrastructure, sports, media and entertainment, healthcare, energy transition, mining industries and cryptocurrency,' it has told potential investors. 'We believe these opportunities will be ameliorated by the ongoing benefits to global businesses in locating their operations and/or their public listing in the United States.' Mr Quin will own virtually nil-cost founder shares in the Spac, which could mean that he is in a position to reap a significant return if he can cement a deal for the Spac. The firm will have an initial 24 months to do so. It can seek an extension from shareholders if it is unlikely to be able to consummate an investment during that timeframe. Mr Quin is joined on the board of Columbus Circle Capital I by Garrett Curran. He is the former chief executive of Credit Suisse in the UK. Mr Quin worked for Credit Suisse between 2010 and 2019.
