Latest news with #Cohen&CompanyCapitalMarkets
Business Upturn
22-05-2025
- Business
- Business Upturn
Cal Redwood Acquisition Corp. Announces Pricing of $200 Million Initial Public Offering
By GlobeNewswire Published on May 23, 2025, 01:54 IST Menlo Park, CA, May 22, 2025 (GLOBE NEWSWIRE) — Cal Redwood Acquisition Corp. (the 'Company') announced the pricing of its initial public offering of 20,000,000 units at a price of $10.00 per unit on May 22, 2025. The units are expected to be listed for trading on the Nasdaq Global Market under the ticker symbol 'CRAQU' beginning May 23, 2025. Each unit consists of one Class A ordinary share and one right to receive one tenth of a Class A ordinary share upon the consummation of an initial business combination. Once the securities comprising the units begin separate trading, the Company expects that its Class A ordinary shares and rights will be listed on the Nasdaq Global Market under the symbols 'CRA' and 'CRAQR,' respectively. The offering is expected to close on May 27, 2025, subject to customary closing conditions. The Company was formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company may pursue an initial business combination opportunity in any industry or sector but expects to focus its efforts on businesses in the technology, media and telecommunications (TMT) sector as well as sectors that are being transformed via technology disruption, where the Company believes its management team's operational and investment expertise will provide it with a competitive advantage. Cohen & Company Capital Markets, a division of J.V.B. Financial Group, LLC, is acting as lead book-running manager, and Seaport Global Securities is acting as joint book-runner. The Company has granted the underwriters a 45-day option to purchase up to 3,000,000 additional units at the initial public offering price to cover over-allotments, if any. The public offering is being made only by means of a prospectus. When available, copies of the prospectus relating to the offering may be obtained from Cohen & Company Capital Markets, 3 Columbus Circle, 24th Floor, New York, NY 10019, Attention: Prospectus Department, or by email at: [email protected]. A registration statement relating to the securities became effective on May 22, 2025. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Forward-Looking Statements This press release contains statements that constitute 'forward-looking statements,' including with respect to the proposed initial public offering and the anticipated use of the net proceeds from the offering. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the Company will ultimately complete a business combination transaction. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and preliminary prospectus for the Company's offering filed with the U.S. Securities and Exchange Commission (the 'SEC'). Copies of these documents are available on the SEC's website, at The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. Media Contact Raymond Dong Cal Redwood Acquisition Corp. Email: [email protected] Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Business Wire
22-05-2025
- Business
- Business Wire
Armada Acquisition Corp. II Announces Closing of $230 Million Initial Public Offering
PHILADELPHIA--(BUSINESS WIRE)--Armada Acquisition Corp. II (the 'Company' or 'AACI') announced today the closing of its initial public offering of 23,000,000 units, including a fully exercised over-allotment option, at $10.00 per unit. The offering resulted in gross proceeds to the Company of $230,000,000. The units began trading on the Nasdaq Global Market ('Nasdaq') on May 21, 2025 under the ticker symbol "AACIU." Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share, subject to adjustment. Only whole warrants are exercisable and will trade. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols 'AACI' and 'AACIW,' respectively. AACI is a special purpose acquisition company whose business purpose is to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses. While the Company may pursue an acquisition or business combination target in any business or industry, it intends to focus its search on businesses in the financial services ('FinTech'), Software-as-a-Service ('SaaS'), or generative artificial intelligence ('AI') industries which the Company believes offer the most promising potential for acquisitions due to their strong growth and strategic alignment with our business goals. AACI is led by Stephen P. Herbert, Chairman and Chief Executive Officer, Douglas M. Lurio, President, Chief Financial Officer and Director, Mohammad A. Khan, Director, Thomas (Tad) A. Decker, Director, and Celso L. White, Director. This is the same team that led Armada Acquisition Corp. I, a special purpose acquisition company that completed a business combination with Rezolve AI Limited in August 2024. Cohen & Company Capital Markets, a division of J.V.B. Financial Group LLC, acted as lead book-runner, and Northland Capital Markets acted as joint book-runner for the offering. DLA Piper LLP (US) served as US legal counsel for the Company, Ogier (Cayman) LLP served as Cayman Islands legal counsel for the Company, Loeb & Loeb LLP served as legal counsel for the underwriters, and CBIZ CPAs P.C. acted as the auditor. A registration statement relating to the securities was declared effective by the U.S. Securities and Exchange Commission (the "SEC") on May 20, 2025. The offering was made only by means of a prospectus. Copies of the final prospectus may be obtained by contacting Cohen & Company Capital Markets, 3 Columbus Circle, 24th Floor, New York, NY 10019, Attention: Prospectus Department, or by email at: capitalmarkets@ or Northland Securities, Inc., 150 South 5th Street, Suite 3300, Minneapolis, MN 55402. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Forward-Looking Statements This press release contains statements that constitute 'forward-looking statements,' including with respect to the anticipated use of net proceeds. No assurance can be given that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and prospectus for the offering filed with the SEC. Copies are available on the SEC's website, The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. About Armada Acquisition Corp. II The Company is a special purpose acquisition company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses. Although the Company's efforts to identify a prospective target business will not be limited to a particular industry or geographic region, the Company intends to focus on a target in the financial services ('FinTech'), Software-as-a-Service ('SaaS'), or generative artificial intelligence ('AI') industries which the Company believes offer the most promising potential for acquisitions due to their strong growth and strategic alignment with our business goals. The Company was founded on October 3, 2024 and its executive offices are located in Philadelphia, PA.
Yahoo
21-05-2025
- Business
- Yahoo
Armada Acquisition Corp. II Announces Pricing of $200,000,000 Initial Public Offering
PHILADELPHIA, May 21, 2025--(BUSINESS WIRE)--Armada Acquisition Corp. II (the "Company" or "AACI") announced today that it priced its initial public offering of 20,000,000 units at $10.00 per unit. The units are expected to be listed on the Nasdaq Global Market ("Nasdaq") and trade under the ticker symbol "AACIU" beginning on May 21, 2025. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share, subject to adjustment. Only whole warrants are exercisable and will trade. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols "AACI" and "AACIW," respectively. AACI is a special purpose acquisition company whose business purpose is to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses. While the Company may pursue an acquisition or business combination target in any business or industry, it intends to focus its search on businesses in the financial services ("FinTech"), Software-as-a-Service ("SaaS"), or generative artificial intelligence ("AI") industries which the Company believes offer the most promising potential for acquisitions due to their strong growth and strategic alignment with our business goals. AACI is led by Stephen P. Herbert, Chairman and Chief Executive Officer and Director, Douglas M. Lurio, President, Chief Financial Officer and Director, Mohammad A. Khan, Director, Thomas (Tad) A. Decker, Director, and Celso L. White, Director. Cohen & Company Capital Markets, a division of J.V.B. Financial Group LLC, is acting as lead book-runner, and Northland Capital Markets is acting as joint book-runner for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 3,000,000 units at the initial public offering price to cover over-allotments, if any. The offering is expected to close on May 22, 2025, subject to customary closing conditions. The offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained by contacting Cohen & Company Capital Markets, 3 Columbus Circle, 24th Floor, New York, NY 10019, Attention: Prospectus Department, or by email at: capitalmarkets@ or Northland Securities, Inc., 150 South 5th Street, Suite 3300, Minneapolis, MN 55402. A registration statement relating to the securities has been filed with the U.S. Securities and Exchange Commission (the "SEC") and was declared effective on May 20, 2025. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Forward-Looking Statements This press release contains statements that constitute "forward-looking statements," including with respect to the proposed initial public offering and the anticipated use of net proceeds. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and preliminary prospectus for the offering filed with the SEC. Copies are available on the SEC's website, The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. About Armada Acquisition Corp. II The Company is a special purpose acquisition company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses. Although the Company's efforts to identify a prospective target business will not be limited to a particular industry or geographic region, the Company intends to focus on a target in the financial services ("FinTech"), Software-as-a-Service ("SaaS"), or generative artificial intelligence ("AI") industries which the Company believes offer the most promising potential for acquisitions due to their strong growth and strategic alignment with our business goals. The Company was founded on October 3, 2024 and its executive offices are located in Philadelphia, PA. View source version on Contacts Investor Contact: Mike BishopBishop IR, LLCmike@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
21-05-2025
- Business
- Business Wire
Armada Acquisition Corp. II Announces Pricing of $200,000,000 Initial Public Offering
PHILADELPHIA--(BUSINESS WIRE)--Armada Acquisition Corp. II (the 'Company' or 'AACI') announced today that it priced its initial public offering of 20,000,000 units at $10.00 per unit. The units are expected to be listed on the Nasdaq Global Market ('Nasdaq') and trade under the ticker symbol "AACIU" beginning on May 21, 2025. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share, subject to adjustment. Only whole warrants are exercisable and will trade. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols 'AACI' and 'AACIW,' respectively. AACI is a special purpose acquisition company whose business purpose is to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses. While the Company may pursue an acquisition or business combination target in any business or industry, it intends to focus its search on businesses in the financial services ('FinTech'), Software-as-a-Service ('SaaS'), or generative artificial intelligence ('AI') industries which the Company believes offer the most promising potential for acquisitions due to their strong growth and strategic alignment with our business goals. AACI is led by Stephen P. Herbert, Chairman and Chief Executive Officer and Director, Douglas M. Lurio, President, Chief Financial Officer and Director, Mohammad A. Khan, Director, Thomas (Tad) A. Decker, Director, and Celso L. White, Director. Cohen & Company Capital Markets, a division of J.V.B. Financial Group LLC, is acting as lead book-runner, and Northland Capital Markets is acting as joint book-runner for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 3,000,000 units at the initial public offering price to cover over-allotments, if any. The offering is expected to close on May 22, 2025, subject to customary closing conditions. The offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained by contacting Cohen & Company Capital Markets, 3 Columbus Circle, 24th Floor, New York, NY 10019, Attention: Prospectus Department, or by email at: capitalmarkets@ or Northland Securities, Inc., 150 South 5th Street, Suite 3300, Minneapolis, MN 55402. A registration statement relating to the securities has been filed with the U.S. Securities and Exchange Commission (the "SEC") and was declared effective on May 20, 2025. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Forward-Looking Statements This press release contains statements that constitute 'forward-looking statements,' including with respect to the proposed initial public offering and the anticipated use of net proceeds. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and preliminary prospectus for the offering filed with the SEC. Copies are available on the SEC's website, The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. About Armada Acquisition Corp. II The Company is a special purpose acquisition company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses. Although the Company's efforts to identify a prospective target business will not be limited to a particular industry or geographic region, the Company intends to focus on a target in the financial services ('FinTech'), Software-as-a-Service ('SaaS'), or generative artificial intelligence ('AI') industries which the Company believes offer the most promising potential for acquisitions due to their strong growth and strategic alignment with our business goals. The Company was founded on October 3, 2024 and its executive offices are located in Philadelphia, PA.
Yahoo
19-05-2025
- Business
- Yahoo
Columbus Circle Capital Corp. I and Cohen & Company Inc. Announce Completion of Upsized $250,000,000 Initial Public Offering
New York, NY, and Philadelphia, PA, May 19, 2025 (GLOBE NEWSWIRE) -- Columbus Circle Capital Corp. I (NASDAQ: CCCMU) (the 'Company') and Cohen & Company Inc. (NYSE American: COHN) ('Cohen & Company') today announced the closing of the Company's upsized initial public offering of 25,000,000 units, which included 3,000,000 units issued pursuant to the partial exercise by the underwriters of their over-allotment option. The offering was priced at $10.00 per unit, resulting in gross proceeds of $250,000,000. The Company's units began trading on the Nasdaq Global Market ('NASDAQ') on May 16, 2025, under the ticker symbol 'CCCMU.' Each unit consists of one Class A ordinary share of the Company and one-half of one redeemable warrant, with each whole warrant entitling the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share, subject to certain adjustments. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on NASDAQ under the symbols "CCCM' and "CCCMW,' respectively. Cohen & Company Capital Markets, a division of Cohen & Company's broker-dealer subsidiary, J.V.B. Financial Group, LLC, acted as the lead book-running manager for the offering. Clear Street LLC acted as joint book-runner. Ellenoff Grossman & Schole LLP, and Ogier (Cayman) LLP, served as legal counsel to the Company, and Loeb & Loeb LLP served as legal counsel to the underwriters. A subsidiary of Cohen & Company also acted as sponsor of the Company. A registration statement relating to the units and the underlying securities was declared effective by the Securities and Exchange Commission (the 'SEC') on May 15, 2025. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering was made only by means of a prospectus, copies of which may be obtained from Cohen & Company Capital Markets, 3 Columbus Circle, 24th Floor, New York, NY 10019, Attention: Prospectus Department, or by email at: capitalmarkets@ Copies of the registration statement can be accessed for free through the SEC's website at Of the proceeds received from the consummation of the initial public offering and a simultaneous private placement of units, $250,000,000 was placed in the Company's trust account for the benefit of the Company's public shareholders. An audited balance sheet of the Company as of May 19, 2025 reflecting receipt of the proceeds upon consummation of the initial public offering and the private placement will be included as an exhibit to a Current Report on Form 8-K to be filed by the Company with the SEC. About Columbus Circle Capital Corp. I The Company is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company may pursue an initial business combination target in any industry or geographical location. The Company's management team is led by Gary Quin, its Chief Executive Officer and Chairman of the board of directors, and Joseph W. Pooler, Jr., its Chief Financial Officer. Garrett Curran, Alberto Alsina Gonzalez, Dr. Adam Back and Matthew Murphy are independent directors. About Cohen & Company Inc. Cohen & Company is a financial services company specializing in an expanding range of capital markets and asset management services. Cohen & Company's operating segments are Capital Markets, Asset Management, and Principal Investing. The Capital Markets segment consists of fixed income sales, trading, gestation repo financing, new issue placements in corporate and securitized products, underwriting, and advisory services, operating primarily through Cohen & Company's subsidiaries, J.V.B. Financial Group, LLC ('JVB') in the United States and Cohen & Company Financial (Europe) S.A. in Europe. Cohen & Company Capital Markets ('CCM'), a division of JVB, is Cohen & Company's full-service boutique investment bank that focuses on mergers and acquisitions, capital markets, and SPAC advisory services. The Capital Markets segment also includes investment returns on financial instruments that Cohen & Company has received as consideration for advisory, underwriting, and new issue placement services provided by CCM. The Asset Management segment manages assets through collateralized debt obligations, managed accounts, joint ventures, and investment funds. As of March 31, 2025, Cohen & Company had approximately $2.3 billion of assets under management in primarily fixed income assets in a variety of asset classes including U.S. and European bank and insurance trust preferred securities, debt issued by small and medium sized European, U.S., and Bermudian insurance and reinsurance companies, equity interests of SPACs and their sponsor entities, and commercial real estate loans. The Principal Investing segment is comprised primarily of investments Cohen & Company holds related to its SPAC franchise and other investments Cohen & Company has made for the purpose of earning an investment return rather than investments made to support its trading or other capital markets business activity. For more information, please visit Forward-Looking Statements This press release contains statements that constitute 'forward-looking statements,' including with respect to the initial public offering. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and prospectus for the offering filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this press release, except as required by law. Contact Information: Columbus Circle Capital Corp IGary Quin, Chief Executive Officergquin@ Cohen & Company W. Pooler,
