Cohen Circle Acquisition II swings to Q2 FY26 profit of $1.98 million
Reuters2026/08/11 10:06- Cohen Circle Acquisition swings to net income of $1.98 million in the quarter ended June 30, 2026, from a net loss of $34,148.
- Interest earned on marketable securities in the Trust Account totaled $2.3 million, while general and administrative costs were $324,369.
- Net income rose to $3.84 million for the six months ended June 30, 2026, versus a net loss of $39,568 a year earlier.
- The SPAC reported $4.57 million of Trust Account interest income, partly offset by $724,239 of general and administrative expenses.
- Management flagged substantial doubt about going concern, with mandatory liquidation if no business combination closes by July 2, 2027.
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