Cohen Circle Acquisition Corp. II (NASDAQ:CCIIU – Get Free Report) rose 1% during trading on Monday . The company traded as high as $10.61 and last traded at $10.5560. Approximately 500 shares traded hands during mid-day trading, a decline of 95% from the average session volume of 9,459 shares. The stock had previously closed at $10.45.
Cohen Circle Acquisition Corp. II Stock Up 1.0%
The firm has a 50 day moving average price of $10.48.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the stock. Clear Street Group Inc. boosted its position in Cohen Circle Acquisition Corp. II by 254.9% in the 4th quarter. Clear Street Group Inc. now owns 561,740 shares of the company’s stock worth $5,859,000 after purchasing an additional 403,466 shares in the last quarter. Toronto Dominion Bank purchased a new position in shares of Cohen Circle Acquisition Corp. II during the 4th quarter valued at approximately $159,000. Finally, Stoic Point Capital Management LLC purchased a new position in shares of Cohen Circle Acquisition Corp. II during the 4th quarter valued at approximately $261,000.
Cohen Circle Acquisition Corp. II Company Profile
Cohen Circle Acquisition Corp. II (NASDAQ: CCIIU) 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 in the public markets for the purpose of identifying, negotiating and completing a business combination with one or more operating companies. Until a business combination is completed, the SPAC itself typically has no operating business beyond managing the proceeds of its offering and pursuing acquisition opportunities.
The company’s primary activities center on sourcing and evaluating potential target businesses, structuring and negotiating a merger or similar transaction, and completing the regulatory and shareholder approval processes required to effect a closing.
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