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ProCap BTC and Columbus Circle Capital Corp I Complete Business Combination
Globenewswire· 2025-12-05 21:14
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].
Columbus Circle Capital Corp I Shareholders Approve Business Combination with ProCap BTC
Globenewswire· 2025-12-04 01:07
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]
ProCap BTC LLC and Columbus Circle Capital Corporation I Announce Filing of a Draft Registration Statement on Form S-4 with the SEC
Prnewswire· 2025-07-24 22:11
Core Viewpoint - ProCap BTC LLC and Columbus Circle Capital Corp I are moving forward with a proposed business combination, with a draft registration statement submitted to the SEC [1][2]. Group 1: Company Overview - ProCap BTC is a bitcoin-native financial services firm founded by Anthony Pompliano, who has invested in over 300 private companies and is a prominent figure in the bitcoin space [3]. - ProCap Financial, the entity resulting from the proposed business combination, aims to develop profit-generating products and services tailored for large financial institutions and institutional investors [3]. - Columbus Circle Capital Corp I is a special-purpose acquisition company (SPAC) formed to facilitate mergers and similar business combinations, led by experienced investment banking professionals [4]. Group 2: Proposed Transactions - The draft registration statement pertains to the business combination announced on June 23, 2025, which requires shareholder approval from CCCM [2]. - The proposed transactions include a private placement of non-voting preferred units and commitments for convertible notes, aimed at raising capital for ProCap Financial [5][8]. - The definitive proxy statement and other relevant documents will be provided to CCCM shareholders for voting on the proposed transactions [6].