Core Viewpoint - ProCap Financial, formed from the merger of ProCap BTC and Columbus Circle Capital Corp I, will begin trading on the Nasdaq Global Market under the symbol "BRR" starting December 8, 2025, marking a significant step in the company's growth and public presence [1]. Group 1: Company Overview - ProCap Financial is a modern financial services firm aimed at independent investors who have been overlooked by traditional Wall Street firms, founded in 2025 and has raised over $750 million from leading investors [4]. - Columbus Circle Capital Corp I is a blank check company incorporated in the Cayman Islands, designed to facilitate mergers and similar business combinations, led by experienced investment banking professionals [5]. Group 2: Transaction Details - The business combination between ProCap BTC and Columbus Circle Capital Corp I has been officially closed, leading to the establishment of ProCap Financial [1]. - The transaction involved a Preferred Equity Investment and a Convertible Note Offering, with Cohen & Company serving as the exclusive financial advisor to ProCap BTC [2][7]. Group 3: Legal and Regulatory Information - ProCap Financial has filed a Registration Statement with the SEC, which became effective on November 8, 2025, detailing the business combination and related transactions [6]. - Legal advisors for the involved parties include Reed Smith LLP for ProCap BTC and Ellenoff Grossman & Schole LLP for CCCM, ensuring compliance with regulatory requirements [3].
ProCap BTC and Columbus Circle Capital Corp I Complete Business Combination