Compound (Me₂-cAAC:)₂Co⁰ (2; Me₂-cAAC:=cyclic (alkyl) amino carbene; :C(CH₂)(CMe₂)₂N-2,6-iPr₂C₆H₃) was synthesized by the reduction of the precursor (Me₂-cAAC:)₂Co^ICl (1) with KC₈ in THF. The cyclic voltammogram of 1 exhibited one-electron reduction, which suggests that synthesis of a bent 2-metallaallene (2) from 1 should be possible. Compound 2 contains one cobalt atom in the formal oxidation state zero, which is stabilized by two Me₂-cAAC: ligands. Bond lengths from X-ray diffraction are 1.871(2) and 1.877(2) Å with a C-Co-C bond angle of 170.12(8)°. The EPR spectrum of 2 exhibited a broad resonance attributed to the unique quasi-linear structure, which favors near degeneracy and gives rise to very rapid relaxation conditions. The cAACCo bond in 2 can be considered as a typical Dewar–Chatt–Duncanson type of bonding, which in turn retains 2.5 electron pairs on the Co atom as nonbonding electrons.