Cohen & Co Inc. 4

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.