CCIIW

Cohen Circle Acquisition Corp. II [CCIIW] represents warrants issued by Cohen Circle Acquisition Corp. II, a special purpose acquisition company (SPAC). These warrants give holders the right to purchase shares of common stock at a predetermined exercise price following the completion of the SPAC's business combination with a target company. SPAC warrants typically become exercisable after the merger closes and remain exercisable for a period of five years, though specific terms can vary. The exercise price is usually set above the SPAC IPO price, commonly at $11.50 per share when the SPAC initially priced at $10.00 per share. Warrants provide leveraged exposure to the post-merger company's stock price appreciation, offering potentially higher percentage returns than common stock if the business performs well. However, warrants can expire worthless if the stock price fails to exceed the exercise price or if the SPAC fails to complete a business combination within its specified timeframe.