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SPAC · Merger completed

Columbus Circle Capital Corp. I

Business combination with ProCap BTC, LLC

Columbus Circle Capital Corp. I is a blank-check company (SPAC) that raised $220M in its initial public offering on May 19, 2025, listing on Nasdaq Global Market. It completed its business combination with ProCap BTC, LLC on Dec 5, 2025; the combined company is ProCap Financial, Inc.. Santander led the IPO, with Argus and Credit Suisse. Ellenoff Grossman & Schole advised the SPAC and Loeb & Loeb advised the underwriters on the IPO.

ProCap BTC is a Bitcoin-native financial services firm founded by Anthony Pompliano. The resulting company, ProCap Financial, plans to offer profit-generating products and services supporting the financial needs of large financial institutions and institutional investors.

Status
Merger completed
IPO date
May 19, 2025
IPO size
$220M
IPO exchange
Nasdaq Global Market
Target
ProCap BTC, LLC
Announced
Jul 28, 2025
Closed
Dec 5, 2025
Combined company
ProCap Financial, Inc.
IPO underwriters
Santander, Argus and Credit Suisse
SPAC counsel (IPO)
Ellenoff Grossman & Schole and Ogier
Underwriters' counsel (IPO)
Loeb & Loeb

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