SPAC Circle Acquisition reportedly files for $150M IPO targeting digital assets, tech, and healthcare

A special purpose acquisition company called Circle Acquisition has reportedly filed for a $150 million initial public offering, with stated targets spanning digital assets, technology, and healthcare. The filing adds another entrant to the SPAC pipeline at a time when blank-check companies are navigating tighter regulatory scrutiny and a more skeptical investor base. What we know about the filing Circle Acquisition’s reported $150 million raise would place it in the mid-tier of recent SPAC offerings. The entity’s name invites immediate confusion with Circle Internet Group, the company behind the USDC stablecoin, which trades on the NYSE under the ticker CRCL. The two are not the same company. Circle Internet Group took a very different path to public markets. After a failed SPAC merger, Circle pivoted to a traditional IPO in June 2025, raising approximately $1.1 billion with shares priced at $31. There are also Betsy Cohen-led vehicles called Cohen Circle Acquisition I and Cohen Circle Acquisition II, which raised between $200 million and $220 million targeting fintech opportunities. Those are distinct from this reported filing as well, adding yet another layer of potential name c...