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]
Anthony Pompliano, ProCap BTC and Columbus Circle Capital Corp I to Implement Moonshot Earnout and Compensation Structure Following Closing of Business Combination