Shares of Cohen Circle Acquisition Corp. II (NASDAQ:CCIIU – Get Free Report) rose 0.6% during mid-day trading on Friday . The company traded as high as $10.4701 and last traded at $10.5350. Approximately 1 shares changed hands during mid-day trading, a decline of 100% from the average session volume of 9,031 shares. The stock had previously closed at $10.4701.
Cohen Circle Acquisition Corp. II Stock Performance
The company’s 50-day simple moving average is $10.53 and its 200 day simple moving average is $10.46.
Institutional Investors Weigh In On Cohen Circle Acquisition Corp. II
Several large investors have recently made changes to their positions in CCIIU. Clear Street Group Inc. grew its position in Cohen Circle Acquisition Corp. II by 254.9% during the fourth quarter. Clear Street Group Inc. now owns 561,740 shares of the company’s stock valued at $5,859,000 after buying an additional 403,466 shares during the period. Stoic Point Capital Management LLC bought a new stake in Cohen Circle Acquisition Corp. II in the fourth quarter worth about $261,000. Finally, Toronto Dominion Bank purchased a new position in Cohen Circle Acquisition Corp. II in the fourth quarter valued at about $159,000.
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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