Columbus Circle Capital Corp II’s Quiet Period Will Expire on March 23rd (NASDAQ:CMIIU)

Columbus Circle Capital Corp II’s (NASDAQ:CMIIU) quiet period is set to end on Monday, March 23rd. Columbus Circle Capital Corp II had issued 20,000,000 shares in its IPO on February 11th. The total size of the offering was $200,000,000 based on an initial share price of $10.00. During the company’s quiet period, insiders and any underwriters that worked on the IPO are restricted from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Columbus Circle Capital Corp II to a “hold” rating in a research report on Sunday, February 22nd.

Columbus Circle Capital Corp II Trading Down 0.3%

Columbus Circle Capital Corp II stock opened at $9.95 on Wednesday. Columbus Circle Capital Corp II has a 52 week low of $9.95 and a 52 week high of $10.15.

Insider Activity at Columbus Circle Capital Corp II

In related news, major shareholder Circle 2 Sponsor Corp Columbus acquired 265,000 shares of the stock in a transaction that occurred on Thursday, February 12th. The shares were acquired at an average price of $10.00 per share, for a total transaction of $2,650,000.00. Following the completion of the purchase, the insider directly owned 265,000 shares of the company’s stock, valued at $2,650,000. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

Columbus Circle Capital Corp II Company Profile

Columbus Circle Capital Corp II (NASDAQ: CMIIU) is a publicly traded special purpose acquisition company (SPAC), commonly referred to as a blank‑check company. Like other SPACs, it was formed to raise capital from public investors through an offering and to use those proceeds to identify and complete a business combination with one or more operating companies. The vehicle provides investors with an opportunity to participate in a transaction that takes a private company public through a merger or other business combination rather than a traditional IPO process.

The company’s primary business activity is sourcing, evaluating and executing a qualifying business combination.