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. 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. 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.
ProCap Financial, Inc. director Buchanan Benjamin D reported his initial beneficial ownership of the company’s common stock. He holds 8,361 shares of Common Stock, par value $0.001 per share, all as direct ownership. The disclosure does not include any buy or sell transactions.
ProCap Financial, Inc. elected Benjamin Buchanan as an independent director effective July 15, 2026. Buchanan, age 40, is Chief Executive Officer of All Current and previously held senior finance and operations roles at LindFast Solutions Group and US Greenfiber, and serves on the board of Argus Monitoring Solutions.
The Board determined he meets independence standards under Nasdaq Listing Rule 5605(a)(2) and SEC Rule 10A-3 and appointed him to the Audit, Compensation, and Nomination and Governance Committees. His appointment restores the Audit Committee to three members and returns both the committee and the full Board to compliance with Nasdaq Listing Rules 5605(c)(2)(A) and 5605(b). ProCap’s Nasdaq-listed securities include common stock and redeemable warrants exercisable at $11.50 per share.
ProCap Financial, Inc. Chief Technology Officer Noor Shain reported routine equity compensation activity. On July 7, 2026, Shain received a grant of 125,628 shares of common stock at a reference price of $1.65 per share, classified as a grant or award acquisition. On the same day, 47,411 shares were disposed of as a tax-withholding disposition to cover exercise price or tax liabilities, not as an open-market sale. After these transactions, Shain directly owned 3,764,208 shares of ProCap Financial common stock.