COLUMBUS CIRCLE CAP CORP. I Stock Price, News & Analysis

ProCap BTC (NASDAQ:CCCMU) has acquired 3,724 bitcoin at a TWAP of $103,785 per bitcoin, following its June 23, 2025 announcement of a $1 billion business combination with Columbus Circle Capital Corp. I. The purchase comes after the company's successful fundraise of over $750 million.

The company, founded by Anthony Pompliano, will go public as ProCap Financial, Inc. and expects to hold up to $1 billion in bitcoin on its balance sheet at the closing of the business combination. ProCap Financial will focus on implementing profit-generating products and services for large financial institutions and institutional investors.

Anthony Pompliano's ProCap BTC has announced a $1 billion merger with SPAC Columbus Circle Capital Corp. I (NASDAQ: CCCM) to create ProCap Financial, a bitcoin-focused financial services firm. The company raised $516.5M in equity and $235M in convertible notes, marking the largest initial fundraise for a public bitcoin treasury company. Notable investors include Magnetar Capital, Woodline Partners, and Blockchain.com. The new entity plans to hold up to $1B in bitcoin and generate revenue through various bitcoin-based strategies. The deal includes convertible notes with 130% conversion rate, zero interest, and 36-month maturity, secured 2x by cash or bitcoin. The transaction is expected to close by end of 2025, with ProCap Financial becoming publicly listed.

Columbus Circle Capital Corp I (Nasdaq: CCCMU) announced that starting June 9, 2025, holders of units from its IPO can separately trade Class A ordinary shares and warrants. The separated Class A shares and warrants will trade on Nasdaq Global Market under symbols CCCM and CCCMW respectively, while unseparated units will continue trading as CCCMU. The company noted that only whole warrants will trade, with no fractional warrants being issued. Cohen & Company Capital Markets served as lead book-running manager, with Clear Street LLC as joint book-runner for the offering.

Columbus Circle Capital Corp. I (NASDAQ: CCCMU) has successfully completed its upsized initial public offering, raising $250 million through the sale of 25 million units at $10.00 per unit. The offering included 3 million units from a partial exercise of the underwriters' over-allotment option. Each unit comprises one Class A ordinary share and one-half of one redeemable warrant, with whole warrants allowing purchase of one Class A ordinary share at $11.50 per share.

Trading began on NASDAQ on May 16, 2025, under "CCCMU." Once securities begin separate trading, Class A shares and warrants will trade under "CCCM" and "CCCMW" respectively. Cohen & Company Capital Markets led the offering as book-running manager, with Clear Street LLC as joint book-runner. The entire $250 million from the IPO and private placement has been placed in trust for public shareholders.

Columbus Circle Capital Corp I (NASDAQ: CCCMU) has announced the pricing of its upsized IPO of 22,000,000 units at $10.00 per unit, totaling $220 million. Each unit comprises one Class A ordinary share and one-half redeemable warrant, with each whole warrant allowing purchase of one Class A share at $11.50.

Trading begins May 16, 2025, on Nasdaq Global Market under "CCCMU". The company granted underwriters a 45-day option to purchase up to 3,300,000 additional units. The Class A shares and warrants will later trade separately under "CCCM" and "CCCMW" respectively.

This blank check company, led by CEO Gary Quin, aims to pursue business combinations across any industry or location. Cohen & Company Capital Markets leads the offering as book-running manager, with Clear Street LLC as joint book-runner.