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

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

Analysts Set New Price Targets

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

Columbus Circle Capital Corp II Stock Down 0.4%

Shares of NASDAQ:CMIIU opened at $9.95 on Friday. Columbus Circle Capital Corp II has a fifty-two week low of $9.95 and a fifty-two week high of $10.15.

Insider Buying and Selling

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

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.