Quarterly ResultMay 8, 2026, 04:37 PM
Cohen Circle II Q1 Net Income $1.87M; EPS $0.05
AI Summary
Cohen Circle Acquisition Corp. II reported a net income of $1.87 million for the three months ended March 31, 2026, a significant improvement from a net loss in the prior year period. This was primarily driven by $2.27 million in interest earned on marketable securities held in its Trust Account. The company continues to seek a business combination, with its Trust Account holding over $259 million as of the quarter-end.
Key Highlights
- Net income for Q1 2026 was $1,865,633, compared to a net loss of $(5,420) in Q1 2025.
- Basic and diluted EPS for Class A and B ordinary shares was $0.05 for Q1 2026.
- Interest earned on marketable securities in Trust Account was $2,265,503 for Q1 2026.
- Marketable securities held in Trust Account increased to $259,915,816 as of March 31, 2026.
- Cash held outside the Trust Account was $1,456,830 as of March 31, 2026.
- Working capital surplus was $1,519,842 as of March 31, 2026.
- The company has until July 2, 2027, to complete a Business Combination.