Columbus Circle Capital, ProCap BTC amend business combination agreement
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 28 2025
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Business Combination Agreement: ProCap BTC and Columbus Circle Capital Corp I amended their business combination agreement to enhance benefits for CCCM public shareholders by providing them additional shares of ProCap Financial if they do not redeem their shares during the transaction.
Bitcoin Acquisition and Valuation: ProCap BTC raised over $750M to acquire 4,950 Bitcoin, which has appreciated in value, leading to potential additional shares for unitholders based on the Bitcoin's closing price compared to its signing price, with a reallocation of adjustment shares favoring non-redeeming CCCM shareholders.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
