ProCap Financial, a modern financial services firm leveraging bitcoin, is built for independent investors who have long been overlooked by Wall Street. Founded in 2025, the company raised more than $750 million from leading investors and is traded on Nasdaq under the symbol BRR. www.procapfinancial.com Forward-Looking Statements "We pride ourselves on our ability to combine the rigor and discipline of traditional capital allocation with bitcoin investment expertise,†said Anthony Pompliano, CEO of ProCap Fin ...

ProCap Financial, the go-forward public company, to begin trading on the Nasdaq Global Market on December 8, 2025 under the symbol “BRR” New York, New York, Dec. 05, 2025 (GLOBE NEWSWIRE) -- ProCap BTC, LLC (“ProCap BTC”), a modern financial services firm leveraging bitcoin, and Columbus Circle Capital Corp I (“CCCM”) (Nasdaq: BRR) today announced the closing of the previously announced Business Combination (as defined herein). The combined company will operate as ProCap Financial, Inc. (“ProCap Financial”) ...

Core Points - ProCap Financial, Inc. has announced a "moonshot" compensation structure for its CEO and Board of Directors to align their interests with long-term shareholder value [1][2][3] - This structure is believed to be the first of its kind in public capital markets history, linking compensation to performance milestones following a de-SPAC transaction [2][5] - The business combination between ProCap BTC and Columbus Circle Capital Corp I has been approved by shareholders, with the transaction expected to close around December 5, 2025 [3][7] Compensation Structure - CEO Anthony Pompliano will receive a $1 annual salary, with 100% of his equity compensation tied to achieving significant performance milestones [5][6] - Equity compensation for Pompliano vests only when the company's stock price reaches $15 per share, with further vesting in increments of $2.50 until it hits $50 per share [6] - Board members will also receive 100% of their equity compensation in a performance-based structure, starting at $12.50 per share and vesting until $20 per share [6] Business Combination Details - ProCap BTC has raised over $750 million from investors in traditional finance and the Bitcoin industry, aiming to improve the financial lives of 1 billion people [7] - The business combination is part of a broader strategy to create a modern financial services firm leveraging Bitcoin [7][8] - Following the completion of the transaction, ProCap Financial will trade on the Nasdaq Global Market under the symbol "BRR" [3][7]

Core Points - Columbus Circle Capital Corp I ("BRR") and ProCap BTC, LLC have announced the approval of their business combination by BRR's shareholders [1] - The business combination is expected to close on or about December 5, 2025, with the new public company to be named ProCap Financial, Inc. [2] - ProCap BTC has raised over $750 million from investors and aims to improve the financial lives of 1 billion people through its services [5] Company Overview - Columbus Circle Capital Corp I is a blank check company formed for mergers and acquisitions, led by experienced investment bankers [4] - ProCap BTC is a financial services firm leveraging bitcoin, focusing on innovative financial products [5] Transaction Details - A Current Report on Form 8-K will be filed to disclose the full voting results related to the business combination [3] - The new company's common stock is expected to trade on the Nasdaq Global Market under the symbol "BRR" after the transaction closes [2]

Financial Performance - For the three months ended September 30, 2025, the company reported a net income of $1,625,328, consisting of interest income of $2,624,404 offset by operating costs of $999,076 [137]. - The company reported a net income of $1,510,946 for the nine months ended September 30, 2025, after accounting for operating costs and share-based compensation [137]. - The company incurred $30,000 and $50,000 in fees for administrative services for the three and nine months ended September 30, 2025, respectively [151]. Initial Public Offering - The company generated gross proceeds of $250,000,000 from its Initial Public Offering of 25,000,000 Units at a price of $10.00 per Unit [128]. - The cash underwriting discount for the Initial Public Offering was 2.00% of the gross proceeds, amounting to $4,400,000 [153]. - Underwriters partially exercised their over-allotment option, purchasing 3,000,000 Units out of a possible 3,300,000 Units [152]. Business Combination - The company has until May 19, 2027, to complete its Business Combination, or it will cease operations and redeem Public Shares [131]. - The company may seek to extend the Completion Window for its Business Combination, which requires shareholder approval [132]. - The company will pay up to $10,600,000 in cash fees to advisors upon the consummation of the initial Business Combination [154]. Financial Position - As of September 30, 2025, the company had marketable securities in the Trust Account totaling approximately $253,824,027, including $3,824,027 of interest income [142]. - The company had cash of $190,655 outside the Trust Account as of September 30, 2025, primarily for evaluating target businesses [144]. - The company has no long-term debt, capital lease obligations, operating lease obligations, or long-term liabilities [150]. Going Concern - The company has raised concerns about its ability to continue as a going concern due to significant costs and the need for additional capital [149]. - The company expects to incur increased expenses due to being a public company, including legal and financial reporting costs [136]. Shareholder Rights - Holders of certain shares are entitled to registration rights, allowing them to demand registration of their securities for resale [155]. - The company has waived rights to liquidating distributions from the Trust Account for Founder Shares if the initial Business Combination is not completed [156]. - Ordinary shares subject to possible redemption are classified as temporary equity and 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]. Accounting Standards - The company is evaluating the impact of adopting ASU 2024-03, which requires additional disclosures about specific expense categories [162].

Core Insights - ProCap BTC is taking significant steps to align corporate governance with the interests of retail investors, emphasizing their importance in the financial markets [1][3] - The nomination of Eric Jackson to the Board of Directors of ProCap Financial aims to ensure that retail investors have an active voice in the company's governance [2][4] Company Overview - ProCap BTC, LLC is a modern financial services firm that leverages bitcoin and has raised over $750 million from leading investors in both traditional finance and the bitcoin industry [5] - The company is entering a Business Combination Agreement with Columbus Circle Capital Corp I to create ProCap Financial, Inc., which aims to enhance the financial lives of 1 billion people [5] Leadership and Governance - Eric Jackson, the founder and president of EMJ Capital Ltd, has been nominated to the Board of Directors of ProCap Financial, where he will advocate for retail investors [2][3] - Jackson's background includes leadership roles in shareholder activist campaigns and a strong commitment to financial inclusion, aligning with ProCap's mission [3] Strategic Vision - ProCap Financial is focused on building an innovative financial institution that prioritizes the needs of retail investors, aiming to create financial products for the future [3] - The company recognizes the importance of connecting with retail shareholders and aims to champion their voice in corporate governance [3]

Core Insights - ProCap BTC has appointed Renae Cormier as Chief Financial Officer, effective December 1, 2025, to enhance its financial leadership ahead of a business combination with Columbus Circle Capital Corp I [1][3] - Cormier has over two decades of experience in accounting, finance, and investing, previously serving as CFO at Semler Scientific, which adopted Bitcoin as a reserve asset [2][3] - ProCap BTC has raised over $750 million from investors and aims to improve the financial lives of 1 billion people through its services [5] Company Overview - ProCap BTC, LLC is a modern financial services firm that leverages Bitcoin as a balance sheet reserve asset [1][5] - The company is in the process of a business combination with Columbus Circle Capital Corp I, which will create ProCap Financial, Inc. [5][6] - The firm aims to offer innovative financial products and services, focusing on the integration of Bitcoin into corporate reserves [3][5] Leadership and Strategy - Renae Cormier's appointment is expected to strengthen the executive team, which includes CEO Anthony Pompliano and other key officers [3] - Cormier's experience in integrating Bitcoin into corporate finance is seen as a strategic advantage for scaling the company [3] - The leadership team is focused on building a modern financial services firm that utilizes innovative technologies [3]

Core Insights - ProCap BTC has appointed Jeb Hensarling as a Senior Advisor, who will provide strategic counsel to the executive team [1][2] - Hensarling's experience includes serving as a Congressman and Chairman of the House Financial Services Committee, where he advocated for free markets and market-driven solutions [2][3] - ProCap BTC aims to leverage Bitcoin to democratize finance and improve the financial lives of 1 billion people [5] Company Overview - ProCap BTC, LLC is a modern financial services firm that has raised over $750 million from investors in traditional finance and the Bitcoin industry [5] - The company has entered into a Business Combination Agreement with Columbus Circle Capital Corp I to create ProCap Financial, Inc. [5] - ProCap Financial aims to offer products and services designed to enhance financial opportunities globally [5] Leadership Background - Jeb Hensarling served in the U.S. Congress for eight terms and held key leadership positions, including Chairman of the House Financial Services Committee [3][4] - Before his congressional career, Hensarling worked in financial services and energy industries and practiced corporate and real estate law [4] - He has also served on the boards of various organizations and is an economics fellow at the Cato Institute [4]

Core Insights - ProCap BTC, a bitcoin-native financial services firm, has announced significant progress in its business combination with Columbus Circle Capital Corp I, including the public filing of a Registration Statement on Form S-4 with the SEC on September 18, 2025 [1][9]. Group 1: Business Combination Details - The company purchased approximately 4,950 Bitcoin at a time-weighted average price of $104,333.56, with the current price as of September 17, 2025, being approximately $117,619.71, resulting in over $60 million in unrealized gains [2]. - BRR shareholders who hold their shares through the close of the Business Combination will be eligible for additional shares of ProCap Financial if Bitcoin's price exceeds the Signing Price at the close [3]. Group 2: Leadership and Team Expansion - Megan Pacchia has been appointed as Chief Operating Officer, and Kyle Wood has joined as Chief Legal and Compliance Officer, enhancing the leadership team to support ProCap BTC's growth [5][11]. - Jeff Park, who joined as Chief Investment Officer in August 2025, is responsible for leading investment and capital markets strategy [8]. Group 3: Strategic Vision and Market Position - The CEO of ProCap BTC, Anthony Pompliano, emphasized the goal of building a leading bitcoin-native financial services firm and highlighted the opportunity for BRR shareholders to benefit from Bitcoin's appreciation through additional equity [4]. - ProCap Financial aims to implement profit-generating products and services tailored to the financial needs of large institutions and institutional investors [13].

Core Insights - Premarket trading is showing notable activity with significant price movements indicating potential trading opportunities before the market opens [1] Premarket Gainers - 89bio, Inc. (ETNB) increased by 83% to $14.84 [3] - Aptevo Therapeutics Inc. (APVO) rose by 75% to $2.47 [3] - Psyence Biomedical Ltd. (PBM) saw a 29% increase to $4.82 [3] - Beam Global (BEEM) gained 27% reaching $3.23 [3] - MicroAlgo Inc. (MLGO) was up 14% at $13.06 [3] - Akero Therapeutics, Inc. (AKRO) increased by 12% to $47.50 [3] - Hyperion DeFi, Inc. (HYPD) rose by 11% to $13.69 [3] - Sonnet BioTherapeutics Holdings, Inc. (SONN) increased by 11% to $7.85 [3] - FuelCell Energy, Inc. (FCEL) was up 9% at $8.34 [3] - Robo.ai Inc. (AIIO) gained 6% to $2.05 [3] Premarket Losers - Presidio Property Trust, Inc. (SQFT) decreased by 14% to $7.58 [4] - Aeluma, Inc. (ALMU) fell by 10% to $15.18 [4] - FGI Industries Ltd. (FGI) dropped 10% to $7.65 [4] - Lazydays Holdings, Inc. (GORV) was down 9% at $2.26 [4] - StableX Technologies, Inc. (SBLX) decreased by 8% to $5.40 [4] - Artelo Biosciences, Inc. (ARTL) fell by 8% to $4.48 [4] - SciSparc Ltd. (SPRC) decreased by 8% to $4.10 [4] - Cracker Barrel Old Country Store, Inc. (CBRL) was down 7% at $45.75 [4] - Columbus Circle Capital Corp I (BRR) fell by 7% to $9.42 [4] - Visionary Holdings Inc. (GV) decreased by 7% to $2.58 [4]