Columbus Circle Capital Corp I-A(US:CCCM)2025-11-14 00:01IPO and Offering Details - The company completed its Initial Public Offering on May 19, 2025, raising gross proceeds of $250 million from the sale of 25 million Units at $10.00 per Unit[128]. - The company incurred total offering costs of $5,456,417, which included a cash underwriting fee of $4,400,000[139]. - Underwriters partially exercised their over-allotment option, purchasing 3,000,000 Units, resulting in a cash underwriting discount of $4,400,000[152][153]. - The company will pay up to $10,600,000 in cash fees to advisors upon the consummation of the initial Business Combination[154]. Financial Performance - For the three months ended September 30, 2025, the company reported a net income of $1,625,328, driven by interest income of $2,624,404 from marketable securities held in the Trust Account, offset by operating costs of $999,076[137]. - For the nine months ended September 30, 2025, the company reported a net income of $1,510,946, with total interest income of $3,824,027 and operating costs of $1,917,681[137]. - The company has generated no operating revenues to date and will not do so until after the completion of its initial Business Combination[136]. Trust Account and Liquidity - As of September 30, 2025, the company had approximately $253,824,027 in marketable securities in the Trust Account, including $3,824,027 of interest income[142]. - The company plans to use substantially all funds in the Trust Account to complete its Business Combination and may use remaining proceeds for working capital[142]. - The company has raised liquidity through a $25,000 contribution from the Sponsor and a loan under the IPO Promissory Note, which was fully repaid upon the IPO[145][146]. - The company is currently assessing its ability to continue as a going concern, with substantial doubt raised regarding its liquidity through the next twelve months[149]. Shareholder and Equity Information - Holders of certain shares are entitled to registration rights, allowing them to demand registration of their securities for resale[155]. - The company accounts for ordinary shares subject to possible redemption as temporary equity, presented at redemption value[160]. - Net loss per ordinary share is calculated by dividing net loss applicable to shareholders by the weighted average number of ordinary shares outstanding[161]. Administrative and Compliance Costs - The company incurred $30,000 and $50,000 in administrative service fees for the three and nine months ended September 30, 2025, respectively[151]. - The company is evaluating the impact of adopting ASU 2024-03, which requires additional disclosures about specific expense categories[162]. Business Combination Timeline - The company has until May 19, 2027, to complete its Business Combination, or it will cease operations and redeem Public Shares[131]. - The company has no long-term debt, capital lease obligations, operating lease obligations, or long-term liabilities[150].