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Cohen Circle Acquisition Corp II

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Cohen Circle Acquisition Corp II AI Insights

Informational only. Not investment advice.
As of 2025-12-18

Snapshot

  • Zero revenue SPAC with 255.7M in non-current assets (99% of total) - likely trust account awaiting merger target[Total Non-Current Assets]
  • Net income of 2.3M TTM entirely from 2.6M interest income on trust - no operating business exists[Interest Income]
  • Cash burn of 521K TTM with only 1.8M operating cash - under 4 years runway without deal or extension[Free Cash Flow]

Watch Triggers

  • Total Revenue: Any value > $0Signals merger completion and transition to operating company - fundamentally changes thesis
  • Cash and Equivalents: Falls below 500KWould indicate inability to fund operations through deal timeline without extension
  • Volume: Sustained increase above 50K dailyOften precedes deal announcement as informed buyers accumulate

Bull Case

Clean balance sheet with 246.7M equity, zero debt, and 255.7M trust provides acquisition firepower for quality target

Common Stockholders EquityDebt to EquityTotal Non-Current Assets

Downside protected at ~$10/share trust value - liquidation returns capital if no deal closes

Tangible Book ValueTotal Assets

Bear Case

Volume of 500 shares indicates extreme illiquidity - position sizing severely constrained, exit risk high

Volume

Retained earnings of -8.9M shows cumulative losses; no visibility on target quality or deal timeline

Retained EarningsOperating Income

Bull vs Bear Balance

AI-generated sentiment analysis based on fundamental metrics and market conditions.

BearBull
35%

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Forward Thesis

SPAC must announce qualifying acquisition or face liquidation within typical 18-24 month window

3-12mhigh
  • Zero operating revenue requires merger to create value
  • Trust assets of ~256M set deal size parameters
  • G&A burn of 306K annually depletes working capital
Total Revenue: $0 TTMNon-current assets: 255.7M (trust)Operating expense: 306K TTM

Valuation Context

Caveats

Public Strategies Rankings

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