Wall Street Zen Upgrades Columbus Circle Capital Corp II (NASDAQ:CMIIU) to Hold

Columbus Circle Capital Corp II (NASDAQ:CMIIU) was upgraded by equities researchers at Wall Street Zen to a “hold” rating in a report issued on Sunday.

Columbus Circle Capital Corp II Price Performance

CMIIU stock opened at $9.98 on Friday. Columbus Circle Capital Corp II has a 1 year low of $9.98 and a 1 year high of $10.02.

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.