Bullish indicating open at $55-$60, IPO prices at $37
Cohen Circle Acquisition Corp. I (NASDAQ:CCIRU), a blank check company currently valued at $352.56 million with shares trading at $11.41, announced Monday that it has entered into Amendment No. 2 to its business combination agreement with Kyivstar Group Ltd., VEON (NASDAQ:VEON) Amsterdam B.V., VEON Holdings B.V., and Varna Merger Sub Corp. According to InvestingPro analysis, the company’s stock has gained 15.61% year-to-date. The amendment, signed July 10, 2025, adjusts the allocation of Kyivstar Group Ltd. common shares between the seller and the sponsor in connection with the closing of the proposed business combination.
The original business combination agreement was entered on March 18, 2025, and was previously amended on June 24, 2025. The latest amendment modifies the distribution of shares but leaves other terms of the agreement in effect, except as specifically changed.
Additionally, Cohen Circle Acquisition Corp. I, its sponsors, Cantor Fitzgerald & Co., Kyivstar Group Ltd., and VEON Amsterdam B.V. amended their sponsor agreement on July 10, 2025, to align its terms with the adjustments made in the business combination agreement.
The company stated that all other provisions of the business combination and sponsor agreements remain unchanged unless amended. The business combination remains subject to shareholder approval, regulatory clearances, and other customary closing conditions.
Cohen Circle Acquisition Corp. I’s units, Class A ordinary shares, and warrants trade on the Nasdaq Stock Market under the symbols CCIRU, CCIR, and CCIRW, respectively.
This information is based on a press release statement contained in a Form 8-K filing with the Securities and Exchange Commission.
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