Columbus Circle Capital Corp II (NASDAQ:CMIIU) Upgraded by Wall Street Zen to Hold Rating

Wall Street Zen upgraded shares of Columbus Circle Capital Corp II (NASDAQ:CMIIU) to a hold rating in a research note released on Sunday.

Columbus Circle Capital Corp II Price Performance

Shares of CMIIU opened at $9.99 on Friday.

Columbus Circle Capital Corp II Company Profile

Columbus Circle Capital Corp II (NASDAQ: CMIIU) 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 from public investors through an offering and to use those proceeds to identify and complete a business combination with one or more operating companies. The vehicle provides investors with an opportunity to participate in a transaction that takes a private company public through a merger or other business combination rather than a traditional IPO process.

The company’s primary business activity is sourcing, evaluating and executing a qualifying business combination.