Columbus Circle Capital Corp. III Closes $230 Million IPO on Nasdaq

Columbus Circle Capital Corp. III, a special purpose acquisition company (SPAC), has completed its initial public offering, raising $230 million in gross proceeds. The company's units began trading on the Nasdaq Global Market on July 9, 2026, under the ticker symbol "CCCTU," according to a joint press release.

Offering Details

The IPO consisted of the sale of 23,000,000 units at a price of $10.00 per unit. The total amount raised includes the full exercise of the underwriters’ over-allotment option, which added 3,000,000 units to the offering. The U.S. Securities and Exchange Commission (SEC) had declared the company's registration statement effective on July 8, 2026.

Cohen & Company Capital Markets, a division of Cohen & Company Securities, LLC, served as the lead book-running manager for the offering, with Clear Street LLC acting as joint book-runner.

Unit Structure

Each unit sold in the IPO consists of one Class A ordinary share and one-third of one redeemable warrant. Each whole warrant gives the holder the right to purchase one Class A ordinary share at an exercise price of $11.50 per share, subject to certain adjustments.

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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 "CCCT" and "CCCTW," respectively.

Strategy and Background

Columbus Circle Capital Corp. III is a blank check company formed for the purpose of effecting a merger, asset acquisition, or other business combination. The company has not specified a target industry or geographic location, giving it a broad mandate for a potential acquisition.

The $230 million in proceeds from the IPO and a simultaneous private placement have been placed into a trust account for the benefit of public shareholders pending a future business combination. A subsidiary of Cohen & Company Inc. is the sponsor of the SPAC.