Silvia, Inc., formerly ProCap Financial, Inc., reports that it has changed its corporate name to “Silvia, Inc.” pursuant to a Certificate of Amendment to its Amended and Restated Certificate of Incorporation, effective September 22, 2026.
The Board of Directors approved the name change and related Certificate of Amendment on September 2, 2026, and stockholder approval was not required under Section 242(d)(1) of the Delaware General Corporation Law. The company also adopted Second Amended and Restated Bylaws effective September 22, 2026 solely to reflect the new name.
The company’s common stock and warrants that traded on Nasdaq under the symbols “BRR” and “BRRW” began trading under the new symbols “SVIA” and “SVIAW”, respectively, on September 22, 2026. The name change does not affect the rights of stockholders or warrant holders, and existing stock and warrant certificates remain valid with no action required.
Silvia, Inc. (BRR) received an updated Schedule 13D/A from Anthony Pompliano and Inflection Points Inc. d/b/a Professional Capital Management reporting their current beneficial ownership after Silvia’s share repurchases. They report beneficial ownership of 14,647,595 shares of Common Stock, representing 17.37% of Silvia’s outstanding common stock.
This includes 298,001 shares held directly by Anthony Pompliano and 14,349,594 shares held by Professional Capital Management, over which he has voting and dispositive control. The percentage is based on 84,310,440 shares outstanding as of September 18, 2026 and has risen from 16.43% solely because Silvia repurchased its own shares. The reporting persons state they did not participate in the repurchase program, and the reported stake excludes 453,426 Escrow Shares and any potential Earnout Shares under the Silvia Merger Agreement. Pompliano continues to serve as Silvia’s Chairman and Chief Executive Officer and as CEO of Professional Capital Management.
ProCap Financial, Inc. (BRR) reported that Chief Operating Officer Megan Lesko Pacchia had 30,415 shares of common stock withheld on September 15, 2026, at $3.22 per share to satisfy tax withholding obligations upon vesting of restricted stock units, leaving her with 248,535 shares held directly.
ProCap Financial, Inc. (BRR) reported that Chief Financial Officer Cormier Renae Terese had 80,138 shares of common stock withheld by the company on 2026-09-01 to satisfy tax withholding obligations related to vesting of restricted stock units. These shares were delivered or withheld for payment of tax liability, not as an open‑market sale, leaving the officer with 409,712 shares held directly after the transaction.
ProCap Financial, Inc. (BRR) reported that Chief Legal Officer Kyle Irvin Wood had shares withheld in connection with equity compensation. On 2026-08-25, 64,334 shares of common stock were disposed of at $2.15 per share to satisfy tax withholding obligations arising from the vesting of restricted stock units, leaving 325,347 shares held directly.
ProCap Financial, Inc. (BRR) filed a prospectus supplement registering 51,024,833 shares of common stock, including the resale of 20,100,833 existing shares, the resale of up to 18,071,500 shares issuable upon conversion of Convertible Notes, and the primary issuance of up to 12,852,500 shares upon warrant exercise.
For the six months ended June 30, 2026, ProCap generated minimal revenue of $38 thousand and reported a net loss of $172.8 million, driven largely by an unrealized loss of $154.8 million on Bitcoin holdings. The company held 5,355 Bitcoin with fair value of $313.4 million, cash of $15.3 million, and working capital of approximately $(77.3) million, reflecting current classification of $99.6 million of Convertible Notes that can be put to the company in June 2027. During the period, ProCap repurchased $135.4 million principal amount of these notes for $119.2 million, recording a $5.9 million gain, acquired AI fintech firm CFO Silvia for total consideration of about $23.3 million, and continued significant investment in AI-enabled financial technology and a Bitcoin treasury strategy.
ProCap Financial, Inc. reported minimal revenue of $0.04 million for the six months ended June 30, 2026 while recording a substantial net loss of $172.8 million, driven mainly by its Bitcoin strategy and heavy investment in AI-enabled finance products. Operating expenses were $22.8 million, including $7.3 million of stock-based compensation and $1.2 million of amortization of newly acquired intangibles.
The company held 5,355 Bitcoin with a fair value of $313.4 million, but recognized an unrealized loss of $154.8 million and a realized loss of $2.7 million on digital assets in the period. ProCap repurchased $135.4 million principal of its 2028 Convertible Notes for $119.2 million, leaving $99.6 million outstanding and booking a $5.9 million gain on extinguishment. Notes are classified as current because holders may require repurchase in June 2027.
Cash and cash equivalents were $15.3 million with working capital of approximately $(77.3) million, though management’s liquidity assessment includes Bitcoin holdings. The company acquired CFO Silvia for total consideration of about $23.3 million, recognizing $14.1 million of intangibles and $12.7 million of goodwill, and continued share repurchases totaling $12.8 million.
ProCap Financial, Inc. filed a prospectus supplement updating a prior prospectus for the registration of 51,024,833 shares of Common Stock. This consists of the resale of up to 20,100,833 existing shares by selling securityholders, the resale of up to 18,071,500 shares issuable upon conversion of Convertible Notes, and the issuance of up to 12,852,500 shares upon exercise of Public and Private Warrants. The Common Stock trades on the Nasdaq Global Market under "BRR" and the Warrants on the Nasdaq Capital Market under "BRRWW", with March 3, 2026 closing prices of $2.95 per share and $0.4631 per Warrant, respectively. ProCap is an emerging growth company using reduced reporting requirements.
The company also reported that Nasdaq’s Listing Qualifications staff has determined ProCap now complies with Nasdaq Listing Rules 5605(c)(2)(A) and 5605(b)(1) regarding independent directors and audit committee composition, following the appointment of Benjamin Buchanan to the Board and audit committee, and that this deficiency matter is closed.
ProCap Financial, Inc. filed a prospectus supplement updating a January 20, 2026 prospectus that now covers 51,024,833 shares of common stock. This includes the resale of up to 20,100,833 shares held by selling securityholders, the resale of up to 18,071,500 shares issuable upon conversion of Convertible Notes, and the potential issuance of up to 12,852,500 shares upon exercise of Public and Private Warrants. The company’s common stock trades on Nasdaq under “BRR” and its warrants under “BRRWW,” with March 3, 2026 closing prices of $2.95 per share and $0.4631 per warrant, respectively, and each warrant has an exercise price of $11.50 per share.
Separately, ProCap appointed Benjamin Buchanan as an independent director effective July 15, 2026. He will serve on the Audit, Compensation, and Nomination and Governance Committees. His appointment restores both a three-member Audit Committee and a majority of independent directors, bringing the company back into compliance with Nasdaq Listing Rules 5605(c)(2)(A) and 5605(b).
ProCap Financial, Inc. reports that Nasdaq Listing Qualifications staff has determined the company now complies with the independent director and audit committee requirements for continued listing on the Nasdaq Global Market, closing a previously disclosed deficiency matter.
The company received a deficiency letter on January 26, 2026 for not meeting Nasdaq Listing Rules 5605(c)(2)(A) and 5605(b)(1). After appointing Benjamin Buchanan to its Board of Directors and audit committee, disclosed in a filing on July 16, 2026, Nasdaq confirmed compliance in a letter dated July 21, 2026.