SCHEDULE: Glazer Capital Exits Columbus Circle Capital I Post-Merger

Glazer Capital, LLC and Paul J. Glazer report 0% beneficial ownership in Columbus Circle Capital Corp. I following a business combination and share cancellation.

Summary

• This Amendment No. 1 to Schedule 13D was filed by Glazer Capital, LLC and Paul J. Glazer, amending their initial Schedule 13D filed on November 18, 2025.
• The filing reports the consummation of a business combination between Columbus Circle Capital Corp. I (the Issuer) and an unnamed Target on December 5, 2025.
• As a result of the business combination, the Target became the surviving entity.
• Each outstanding Class A ordinary share of the Issuer was cancelled in exchange for the right to receive shares of common stock of the public company entity of the Target ("Pubco Stock").
• Each warrant of the Issuer was exchanged for a warrant to purchase one share of Pubco Stock.
• Following these transactions, Glazer Capital, LLC and Paul J. Glazer now beneficially own 0.0% of the Class A ordinary shares of Columbus Circle Capital Corp. I.
• On October 21, 2025, the Reporting Persons sold 1,981 Ordinary Shares in the open market at $10.75 per share.

Sentiment

Score: 6

Explanation: The filing is largely factual, reporting the consummation of a business combination and a change in beneficial ownership. The completion of a SPAC merger is generally a positive milestone, while the reporting persons' exit is a neutral, factual outcome of the transaction.

Positives

• The successful consummation of the business combination indicates that Columbus Circle Capital Corp. I achieved its primary objective as a Special Purpose Acquisition Company (SPAC).

Negatives

• The reporting persons, Glazer Capital, LLC and Paul J. Glazer, no longer hold any beneficial ownership in the original Issuer, indicating their complete exit from this investment.

Future Outlook

The filing does not provide any forward-looking statements or guidance regarding the future performance or operations of the new public company entity (Pubco) that resulted from the business combination.

Industry Context

This filing represents a typical event in the lifecycle of a Special Purpose Acquisition Company (SPAC), where the SPAC completes its de-SPAC transaction by merging with a target company. Glazer Capital, a prominent investor in SPACs, is reporting its exit from the original SPAC entity post-merger, which is a standard disclosure for significant shareholders after such an event.

Stakeholder Impact

• Shareholders of Columbus Circle Capital Corp. I: Their Class A ordinary shares were cancelled and exchanged for shares of Pubco Stock.
• Warrant holders of Columbus Circle Capital Corp. I: Their warrants were exchanged for warrants to purchase Pubco Stock.

Key Dates

Keywords

Columbus Circle Capital Corp. I, Glazer Capital, Schedule 13D, beneficial ownership, business combination, SPAC, merger, de-SPAC, Class A ordinary shares, Pubco Stock