Cohen & Company

Cohen & Company appears on the underwriting syndicate of 47 special purpose acquisition company IPOs in our index, including Inflection Point Acquisition Corp. VIII (IPHX), Karman Line Acquisition Corp. (XTER), Columbus Circle Capital Corp III (CCCT) and Freedom Metals Acquisition Corp. (FDMM). The full list, with the role credited on each cover page, is in the mandates table on this page.

Cohen & Company was credited as a book-running manager on 46 of its 47 SPAC mandates, 98% of them. The remainder are co-manager or syndicate positions, where the economics and the sponsor relationship sit elsewhere.

$8.6B of gross proceeds across every offering Cohen & Company was named on. That is the conventional league-table measure, which credits the full deal to each syndicate member. The narrower figure is its own allocation: $2.1B, being the units the underwriting agreements assigned to Cohen & Company specifically, priced at the $10 standard SPAC unit.

Crane Harbor Acquisition Corp. II (CRAN), which raised $351.6M in Dec 2025. Cohen & Company was credited as a book-running manager on that offering.

4 of the SPACs Cohen & Company underwrote closed a combination: Bleichroeder Acquisition Corp. II, Real Asset Acquisition Corp., Black Spade Acquisition II Co and JetPay Corp. Closing means the vehicle filed a current report reporting completion of the acquisition. That is an outcome, not a return.

39 vehicles Cohen & Company took public are still live, either searching or working towards an announced combination: Inflection Point Acquisition Corp. VIII (IPHX), Karman Line Acquisition Corp. (XTER), Columbus Circle Capital Corp III (CCCT), Freedom Metals Acquisition Corp. (FDMM), Bleichroeder Acquisition Corp. III (BCCQ) and Viking Acquisition Corp. II (VII). Their combination deadlines are on each profile.

50%. Of the 8 vehicles Cohen & Company underwrote that have already resolved, 4 closed a business combination and 4 liquidated. The market-wide figure is 13.2%, so Cohen & Company sits above it. SPACs still searching are excluded, because an unfinished clock is not a result. The rate measures the vehicles, not the bank: a syndicate has no control over whether a sponsor finds a target.

Measured against the $10.00 the units were sold at, the only baseline every SPAC shares, the strongest of Cohen & Company's closed deals currently is Bleichroeder Acquisition Corp. II (BBCQ) at $9.8 a share. Treat that as a snapshot, not a return: it ignores dividends, splits, warrant exercise and anything that happened in between, because historical price series are not part of our data. For a proper total-return comparison use your market-data provider with the post-merger tickers.

Armada (3 deals), DynamixCore (2 deals), Crane Harbor (2 deals), Columbus Circle (2 deals) and Bleichroeder (2 deals). Sponsor franchises are resolved from the sponsor entity named in each prospectus, so repeat issuers group together even though every vehicle is a separate legal entity.

Most often Clear Street (16), Seaport Global (6), Northland Securities (3), Academy Securities (2) and Revere Securities (1). Syndicate composition is read from the prospectus cover and the underwriting section, so these are co-appearances on the same offering, not a commercial relationship we have any other visibility into.

Its first SPAC IPO in our index priced May 10, 2011 and the most recent Aug 31, 2026. 39 of its vehicles are still live, so the franchise is active.

2025, with 24 mandates worth $5.1B of gross proceeds. The chart on this page shows the full year-by-year run, which for most houses traces the 2020-21 boom and the retreat that followed.

The average offering it has been named on raised $204.8M, against a range from $11.0M to $351.6M. Deal size is a reasonable proxy for where a house sits in the market: the bulge bracket concentrates on larger trusts, the SPAC specialists on smaller ones.

Generalist (14), Technology (14), Industrials (12), Financial Services (7) and Energy Transition (6). Mandates are read from charter language in the prospectus and are often deliberately broad. Many SPACs reserve the right to pursue any industry, in which case no sector is tagged at all.

Nasdaq (33) and NYSE (5). Listing venue is taken from the exchange record on the registrant's SEC profile.

4. A liquidation means the vehicle reached its combination deadline without closing a deal and returned the trust to public shareholders. That is the mechanism working as designed, not a default. Holders who did not redeem got their pro-rata share of the trust back.

Every figure is read from filings the registrants made with the SEC. Syndicate membership and role come from the prospectus cover and the underwriting section of each IPO prospectus (Form 424B4); outcomes come from the filing record: a current report announcing completion, or a delisting notice ending a liquidation. Nothing here is sourced from press coverage or from Cohen & Company itself.