Conviction
$ Value
$2.6M
Shares
265,000
Price
$10
Filed
May 21
▶ Why this score? (7/10)
- ✓ Open market buy (+3)
- ✓ Trade value >= $1.0M (+2)
- ✓ 10%+ owner (+1)
- ✓ Not a 10b5-1 plan (+1)
Insider
Name
COLUMBUS CIRCLE 1 SPONSOR Corp LLC
Title
—
CIK
0002068275
Roles
Transaction Details
Transaction Date
2025-05-19
Code
P
Table
Non-Derivative
Ownership
Direct
Equity Swap
No
Shares After
8,598,333
Footnotes
As described in the Issuer's registration statement on Form S-1 (File No. 333-286778) under the heading "Description of Securities--Founder Shares", the Class B ordinary shares will automatically convert into Class A ordinary shares at the time of the Issuer's initial business combination, or at any time and from time to time at the option of the holder, on a one-for-one basis, subject to adjustment for share sub-divisions, share dividends, reorganizations, recapitalizations and the like, and certain anti-dilution rights. | As contemplated in connection with the initial public offering of Columbus Circle Capital Corp. I (the "Issuer"), 100,000 Class B ordinary shares were surrendered by Columbus Circle 1 Sponsor Corp LLC (the "Sponsor") to the Issuer for no consideration and cancelled because the underwriters' over-allotment option was not fully exercised by the underwriters. | Cohen & Company, LLC ("Cohen LLC"), the managing member of the Sponsor, holds voting and investment discretion with respect to the securities held of record by the Sponsor. Cohen & Company Inc. ("Cohen") controls, through subsidiaries, the Sponsor. Each of Cohen and Cohen LLC disclaims any beneficial ownership of the securities held by the Sponsor other than to the extent of any pecuniary interest each of them may have therein, directly or indirectly. | Reflects the 265,000 Class A ordinary shares of the Issuer that are included in the 265,000 private placement units of the Issuer purchased by the Sponsor. Each private placement unit was purchased for $10 per unit and consists of one Class A ordinary share and one-half of a warrant, each whole warrant exercisable into one Class A ordinary share at an exercise price of $11.50 per ordinary share. | Represents (i) the 265,000 Class A ordinary shares referred to in footnote 5 and (ii) 8,333,333 Class B ordinary shares held by the Sponsor acquired pursuant to a subscription agreement by and between the Issuer and the Sponsor.