SPAC Columbus Circle completes business combination; Cohen & Co receives ~2.15M shares in ProCap Financial

Cohen & Co Inc.

Business combination between SPAC Columbus Circle Capital Corp I and ProCap BTC closed Dec 5, 2025.
ProCap Financial (ticker BRR, BRRWW) began trading on Nasdaq Global Market Dec 8, 2025.
Cohen & Co Operating LLC received approximately 2,150,000 ProCap Shares from its sponsor interest.
Shares subject to lock-up until 2-year anniversary, $10.21 stock price trigger, or BTC ≥ $140k for 5 days.

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