Cohen & Co Inc. 4
4 · Columbus Circle Capital Corp II · Filed Feb 17, 2026
Research Summary
AI-generated summary of this filing
Columbus Circle Capital (CMIIU) Sponsor Buys 265,000 Shares
What Happened
Columbus Circle 2 Sponsor Corp LLC (a 10% owner) purchased 265,000 Class A ordinary shares (reported as shares underlying units) on Feb 12, 2026 at $10.00 per share, for a total reported value of $2,650,000. The acquisition was made pursuant to a Private Placement Units Purchase Agreement with the issuer.
Key Details
- Transaction date: 2026-02-12; Price: $10.00; Shares acquired: 265,000; Total value: $2,650,000. (Transaction code: P = Purchase)
- The filing was submitted on 2026-02-17 (5 days after the transaction), which appears late relative to the usual Form 4 deadline of 2 business days.
- Footnote: These are shares underlying units (each unit = 1 Class A share + 1/3 warrant); the units were acquired in a private placement. The transaction does not include 7,666,667 Class B shares that will automatically convert to Class A shares upon the issuer’s initial business combination (or earlier at holder option).
- Footnote: Cohen & Company, LLC is the managing member with voting and investment discretion over the Sponsor’s record holdings; Cohen entities disclaim beneficial ownership except for any pecuniary interest.
Context
This is a purchase by a sponsor entity (institutional/founder-type holder), not an individual executive—purchases by sponsors can reflect capital structuring rather than a CEO/insider sentiment signal. The units include warrants (one-third warrant per unit), so the economic exposure includes both shares and attached warrants rather than only plain Class A shares.
Insider Transaction Report
- Purchase
Class A ordinary shares
[F1][F2]2026-02-12$10.00/sh+265,000$2,650,000→ 265,000 total
Footnotes (2)
- [F1]Represents shares underlying units (each unit consisting of one Class A ordinary share and one-third of one warrant, each whole warrant exercisable to purchase one Class A ordinary share) directly held by Columbus Circle 2 Sponsor Corporation LLC (the "Sponsor"), and which were acquired pursuant to a Private Placement Units Purchase Agreement by and between the Sponsor and Columbus Circle Capital Corp II (the "Issuer"). Does not include 7,666,667 Class B ordinary shares, which shares will automatically convert into Class A ordinary shares at the time of the Issuer's initial business combination on a one-for-one basis, or at any time prior to the Issuer's initial business combination, at the option of the holder, subject to adjustment as described under the heading "Description of Securities--Founder Shares" in the Issuer's registration statement on Form S-1 (File No. 333-292861).
- [F2]Cohen & Company, LLC ("Cohen LLC"), the managing member of Columbus Circle 2 Sponsor Corporation LLC (the "Sponsor") holds voting and investment discretion with respect to the securities held of record by the Sponsor. Cohen & Company Inc. ("Cohen") controls, through subsidiaries, the Sponsor. Each of Cohen and Cohen LLC disclaims any beneficial ownership of the securities held by the Sponsor other than to the extent of any pecuniary interest each of them may have therein, directly or indirectly.