# EDGAR Filing Document

**Accession Number:** 0002056263
**File Stem:** 0001213900-25-118495
**Filing Date:** 2025-12
**Character Count:** 106284
**Document Hash:** a6b856e22cc6c1876005f6490f22b735
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-25-118495.hdr.sgml**: 20251205

**ACCESSION NUMBER**: 0001213900-25-118495

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 16

**CONFORMED PERIOD OF REPORT**: 20251203

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251205

**DATE AS OF CHANGE**: 20251205

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Columbus Circle Capital Corp. I
- **CENTRAL INDEX KEY:** 0002056263
- **STANDARD INDUSTRIAL CLASSIFICATION:** BLANK CHECKS [6770]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-42653
- **FILM NUMBER:** 251551407

**BUSINESS ADDRESS:**
- **STREET 1:** 3 COLUMBUS CIRCLE, 24TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019
- **BUSINESS PHONE:** 6467925600

**MAIL ADDRESS:**
- **STREET 1:** 3 COLUMBUS CIRCLE, 24TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019

?xml version='1.0' encoding='ASCII'?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**PURSUANT TO SECTION 13 OR 15(d)**

**OF THE SECURITIES EXCHANGE ACT OF 1934**

**Date of Report (Date of earliest event reported): December 3, 2025**

**Columbus Circle Capital Corp I**

**(Exact name of registrant as specified in its charter)**

---

| | | |
|:---|:---|:---|
| **Cayman Islands** | **001-42653** | **99-3947168** |
| **(State or other jurisdiction**<br> **of incorporation)** | **(Commission File Number)** | **(IRS Employer**<br> **Identification No.)** |

---

**3 Columbus Circle, 24th Floor New York, NY 10019**

**(Address of principal executive offices, including zip code)**

**Registrant's telephone number, including area code: (646) 792-5600** 

**Not Applicable**

**(Former name or former address, if changed since last report)**

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

&nbsp;&nbsp;&nbsp;&nbsp;☒ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| Units, each consisting of one Class A ordinary share and one-half of one redeemable warrant | **CCCMU** | The Nasdaq Stock Market LLC |
| Class A ordinary shares, par value $0.0001 per share | **CCCM** | The Nasdaq Stock Market LLC |
| Redeemable warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 per share | **CCCMW** | The Nasdaq Stock Market LLC |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**INTRODUCTORY NOTE**

As previously disclosed, on June 23, 2025, Columbus Circle Capital Corp I, a Cayman Island exempted company ("CCCM"), entered into a Business Combination Agreement (as amended by Amendment No. 1 to the Business Combination Agreement dated as of July 28, 2025 and as may be amended, supplemented or otherwise modified from time to time, the "BCA") with ProCap Financial, Inc., a Delaware corporation ("Pubco"), Crius SPAC Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Pubco ("SPAC Merger Sub"), Crius Merger Sub, LLC, a Delaware limited liability company and a wholly owned subsidiary of Pubco ("Company Merger Sub"), ProCap BTC, LLC, a Delaware limited liability company ("ProCap"), and Inflection Points Inc d/b/a Professional Capital Management, a Delaware corporation (the "Seller"), pursuant to which, as of the consummation of the transactions contemplated by the BCA (the "Closing"), ProCap and CCCM will become wholly-owned subsidiaries of Pubco and Pubco will become a publicly traded company. The transactions contemplated by the BCA are hereinafter referred to collectively as the "Business Combination."

**Item 1.01 Entry Into a Material Definitive Agreement.**

***Sponsor Letter Agreement***

Effective December 3, 2025, Pubco and Columbus Circle I Sponsor Corp LLC, a Delaware limited liability company (the "Sponsor") entered into an agreement (the "Sponsor Earnout Agreement"), providing that 8,333,333 shares of common stock, par value $0.0001 per share, of Pubco ("Pubco Common Stock", and such shares subject to earnout, the "Earnout Founder Shares"), representing all of the shares of Pubco Common Stock issuable to the Sponsor or its transferees in exchange for their Class B ordinary shares of CCCM upon the Closing, shall be subject to transfer restrictions set forth in the Sponsor Earnout Agreement (the "Sponsor Transfer Restrictions") and shall vest and be released from such restriction only if certain price targets are achieved during the 2-year period following the Closing (the "Earnout Period")..

The Sponsor Earnout Agreement provides that the Earnout Founder Shares shall vest and shall no longer be subject to the Sponsor Transfer Restrictions as follows:

● 100% of the Earnout Founder Shares will vest and shall no longer be subject to the Sponsor Transfer Restrictions if the closing price of the Pubco Common Stock equals or exceeds $10.21 per share (as may be adjusted) for any 20 trading days within any consecutive 30-trading day period during the Earnout Period (the "Share Price Trigger Event").

● 100% of the Earnout Founder Shares will vest and shall no longer be subject to the Sponsor Transfer Restrictions if the BTC VWAP (as defined below) equals or exceeds $140,000 during any five-day period during the Earnout Period (the "BTC Price Trigger Event").

In the event that neither a Share Price Trigger Event nor a BTC Price Trigger Event has occurred on or prior to the second anniversary of the Closing Date, then, subject to the terms and conditions of the Sponsor Earnout Agreement, on such second anniversary, 100% of the Earnout Founder Shares will vest and will no longer be subject to the Sponsor Transfer Restrictions.

Notwithstanding the foregoing, in the event that during the Earnout Period, Pubco is subject to a change of control and the implied consideration per share of Pubco Common Stock pursuant to which Pubco or its stockholders have the right to receive in such change of control equals or exceeds $10.21 (or the equivalent fair market value thereof, as determined by the board of directors of Pubco following the Closing in good faith, in the event of any non-cash consideration), then, all of the Earnout Founder Shares that have not previously vested will vest and shall no longer be subject to the Sponsor Transfer Restrictions.

"BTC VWAP" means the dollar volume-weighted average price for Bitcoin (BTC) during any one hundred twenty (120)-hour period ending at the time of determination, as reported by Bloomberg through its "VAP" function for "XBTUSD BGN Curncy" (or such other comparable calculation methodology as the Disinterested Independent Directors (as defined in the Sponsor Earnout Agreement) may determine in good faith if such Bloomberg function is no longer available). If the BTC VWAP cannot be calculated for Bitcoin (BTC) on such date on any of the foregoing bases, the BTC VWAP of Bitcoin (BTC) on such date shall be the fair market value as determined by the Disinterested Independent Directors of Pubco acting in good faith. All such determinations shall be appropriately adjusted for any stock dividend, stock split, stock combination, recapitalization or other similar transaction during such period.

***Seller Earnout Agreement***

Effective December 3, 2025, Pubco and Seller entered into an agreement (the "Seller Earnout Agreement"), providing that 9,500,000 shares of Pubco Common Stock (such shares subject to earnout, the "Earnout Seller Shares"), representing all of the shares of Pubco Common Stock otherwise issuable to the Seller upon the Closing, shall be subject to the transfer restrictions set forth in the Seller Earnout Agreement (the "Seller Transfer Restrictions") and shall vest and be released from such restriction only if certain price targets are achieved during the Earnout Period. The Seller Earnout Agreement provides that the Earnout Seller Shares shall vest and shall no longer be subject to the Seller Transfer Restrictions as follows:

● 100% of the Earnout Seller Shares will vest and shall no longer be subject to the Seller Transfer Restrictions upon a Share Price Trigger Event.

● 100% of the Earnout Seller Shares will vest and shall no longer be subject to the Seller Transfer Restrictions upon a BTC Price Trigger Event.

In the event that neither a Share Price Trigger Event nor a BTC Price Trigger Event has occurred on or prior to the second anniversary of the Closing Date, then, subject to the terms and conditions of the Seller Earnout Agreement, on such second anniversary, 100% of the Earnout Shares will vest and shall no longer be subject to the Seller Transfer Restrictions.

Notwithstanding the foregoing, in the event that during the Earnout Period, Pubco is subject to a change of control and the implied consideration per share of Pubco Common Stock pursuant to which Pubco or its stockholders have the right to receive in such change of control equals or exceeds $10.21 (or the equivalent fair market value thereof, as determined by the board of directors of Pubco following the Closing in good faith, in the event of any non-cash consideration), then, all of the Earnout Seller Shares that have not previously vested shall vest and shall no longer be subject to the Seller Transfer Restrictions.

*The foregoing descriptions of agreements and the transactions and documents contemplated thereby are not complete and are subject to and qualified in their entirety by reference to the Sponsor Earnout Agreement and the Seller Earnout Agreement, copies of which are filed with this Current Report on Form 8-K as Exhibits 10.1 and 10.2, respectively, and the terms of which are incorporated by reference herein.*

**Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.**

*(b) Resignation of Directors.*

On December 3, 2025, Garrett Curran resigned as a member of the Board of Directors (the "Board") of CCCM. Prior to his resignation, Mr. Curran served as chair of the Audit Committee and a member of the Compensation Committee of the Board. Mr. Curran's decision to resign from the Board was not due to any dispute or disagreement with the Company, or due to any matter relating to the Company's operations, policies or practices.

**Item 7.01 Regulation FD Disclosure.**

On December 4, 2025, the Company and Pubco issued a joint press release relating to the Sponsor Earnout Agreement and the Seller Earnout Agreement. A copy of the press release is attached to this Current Report on Form 8-K as Exhibit 99.1.

The information in this Item 7.01, including Exhibit 99.1 attached hereto will not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.

***Additional Information and Where to Find It***

Pubco and ProCap filed with the U.S. Securities and Exchange Commission (the "SEC") a Registration Statement on Form S-4 (as may be amended, the "Registration Statement"), which became effective on November 8, 2025, which included a preliminary proxy statement of CCCM and a prospectus (the "Proxy Statement/Prospectus") in connection with the Business Combination. CCCM has also filed with the SEC a definitive proxy statement (the "Proxy Statement") containing important information about the Extraordinary General Meeting of CCCM shareholders scheduled to occur on December 3, 2025 (the "Meeting") and how CCCM shareholders as of the record date of October 15, 2025 (the "Record Date") established for purposes of the Meeting can vote their shares. CCCM and/or Pubco will also file other documents regarding the Business Combination with the SEC. This Current Report on Form 8-K does not contain all of the information that should be considered concerning the Business Combination and is not intended to form the basis of any investment decision or any other decision in respect of the Business Combination. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION, SHAREHOLDERS OF CCCM AND OTHER INTERESTED PARTIES ARE URGED TO READ, WHEN AVAILABLE, THE PROXY STATEMENT, AND AMENDMENTS THERETO, AND ALL OTHER RELEVANT DOCUMENTS FILED OR THAT WILL BE FILED WITH THE SEC IN CONNECTION WITH CCCM'S SOLICITATION OF PROXIES FOR THE EXTRAORDINARY GENERAL MEETING OF ITS SHAREHOLDERS TO BE HELD TO APPROVE THE BUSINESS COMBINATION AND OTHER MATTERS AS DESCRIBED IN THE PROXY STATEMENT/PROSPECTUS BECAUSE THESE DOCUMENTS CONTAIN IMPORTANT INFORMATION ABOUT CCCM, PROCAP, PUBCO AND THE BUSINESS COMBINATION. CCCM has mailed definitive proxy statement/prospectus and a proxy card to each shareholder of CCCM as of the Record Date. Investors and security holders can also obtain copies of the Registration Statement and the Proxy Statement and all other documents filed or that will be filed with the SEC by CCCM and Pubco, without charge, once available, on the SEC's website at www.sec.gov or by directing a request to: Columbus Circle Capital Corp I, 3 Columbus Circle, 24th Floor, New York, NY 10019; e-mail: IR@ColumbusCircleCap.com, or upon written request to ProCap Financial, Inc. at 600 Lexington Avenue, Floor 2, New York, NY 10022, respectively.

NEITHER THE SEC NOR ANY STATE SECURITIES REGULATORY AGENCY HAS APPROVED OR DISAPPROVED THE BUSINESS COMBINATION DESCRIBED HEREIN, PASSED UPON THE MERITS OR FAIRNESS OF THE BUSINESS COMBINATION OR ANY RELATED TRANSACTIONS OR PASSED UPON THE ADEQUACY OR ACCURACY OF THE DISCLOSURE IN THIS CURRENT REPORT ON FORM 8-K. ANY REPRESENTATION TO THE CONTRARY CONSTITUTES A CRIMINAL OFFENSE.

The offer and sale of the convertible notes to be issued by Pubco and the preferred units of ProCap sold in connection with the Business Combination have not been registered under the Securities Act of 1933, as amended (the "Securities Act") and such securities may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act.

***Participants in Solicitation***

CCCM, ProCap, Pubco and their respective directors, executive officers, certain of their equity holders and other members of management and employees may be deemed under SEC rules to be participants in the solicitation of proxies from CCCM's shareholders in connection with the Business Combination. A list of the names of such persons, and information regarding their interests in the Business Combination and their ownership of CCCM's securities are, or will be, contained in CCCM's filings with the SEC, including the final prospectus for CCCM's initial public offering filed with the SEC on May 19, 2025 (the "IPO Prospectus"). Additional information regarding the interests of the persons who may, under SEC rules, be deemed participants in the solicitation of proxies of CCCM's shareholders in connection with the Business Combination, including the names and interests of ProCap's and Pubco's respective directors or managers and executive officers, are set forth in the Proxy Statement. Investors and security holders may obtain free copies of these documents as described above.

***No Offer or Solicitation***

This Current Report on Form 8-K and the information contained herein is for informational purposes only and is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the potential transactions and shall not constitute an offer to sell or exchange, or a solicitation of an offer to buy or exchange the securities of CCCM, ProCap or Pubco, or any commodity or instrument or related derivative of CCM or Pubco, nor shall there be any sale of any such securities, commodities, instruments or related derivatives in any state or jurisdiction in which such offer, solicitation, sale or exchange would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities, commodities, instruments or derivatives shall be made except by means of a prospectus meeting the requirements of the Securities Act or an exemption therefrom. Investors should consult with their counsel as to the applicable requirements for a purchaser to avail itself of any exemption under the Securities Act.

***Forward-Looking Statements***

This Current Report on Form 8-K contains certain forward-looking statements within the meaning of the U.S. federal securities laws with respect to the Business Combinations involving Pubco, ProCap, and CCCM, including expectations, hopes, beliefs, intentions, plans, prospects, financial results or strategies regarding ProCap, Pubco, CCCM and the Business Combinations, statements regarding the anticipated benefits and timing of the completion of the Business Combinations, the assets that may be held by ProCap and Pubco and the value thereof, the price and volatility of bitcoin, bitcoin's growing prominence as a digital asset and as the foundation of a new financial system, Pubco's listing on any securities exchange, the macro and political conditions surrounding bitcoin, the planned business strategy including Pubco's ability to develop a corporate architecture capable of supporting financial products built with and on bitcoin including native lending models, capital market instruments, and future innovations that will replace legacy financial tools with bitcoin-aligned alternatives, plans and use of proceeds, objectives of management for future operations of Pubco, the upside potential and opportunity for investors, Pubco's plan for value creation and strategic advantages, market size and growth opportunities, regulatory conditions, technological and market trends, future financial condition and performance and expected financial impacts of the Business Combinations, the satisfaction of closing conditions to the Business Combinations and the level of redemptions of CCCM's public shareholders, and Pubco's expectations, intentions, strategies, assumptions or beliefs about future events, results of operations or performance or that do not solely relate to historical or current facts. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "potential," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. Forward-looking statements are predictions, projections and other statements about future events or conditions that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this communication, including, but not limited to: the risk that the Business Combinations may not be completed in a timely manner or at all, which may adversely affect the price of CCCM's securities; the risk that the Business Combinations may not be completed by CCCM's business combination deadline; the failure by the parties to satisfy the conditions to the consummation of the Business Combinations, including the approval of CCCM's shareholders; failure to realize the anticipated benefits of the Business Combinations; the level of redemptions of the CCCM's public shareholders which may reduce the public float of, reduce the liquidity of the trading market of, and/or maintain the quotation, listing, or trading of the Class A ordinary shares of CCCM or the shares of Pubco Common Stock to be listed in connection with the Business Combinations; the insufficiency of the third-party fairness opinion for the board of directors of CCCM in determining whether or not to pursue the Business Combinations; the failure of Pubco to obtain or maintain the listing of its securities on any securities exchange after the closing of the Business Combinations; risks associated with CCCM, ProCap and Pubco's ability to consummate the Business Combinations timely or at all, including in connection with potential regulatory delays or impediments, changes in bitcoin prices or for other reasons; costs related to the Business Combinations and as a result of becoming a public company; changes in business, market, financial, political and regulatory conditions; risks relating to Pubco's anticipated operations and business, including the highly volatile nature of the price of bitcoin; the risk that Pubco's stock price will be highly correlated to the price of bitcoin and the price of bitcoin may decrease between the signing of the definitive documents for the Business Combinations and the closing of the Business Combinations or at any time after the closing of the Business Combinations; asset security and risks associated with CCCM, ProCap and Pubco's ability to consummate the Business Combinations timely or at all, including in connection with potential regulatory delays or impediments, changes in bitcoin prices or for other reasons; risks related to increased competition in the industries in which Pubco will operate; risks relating to significant legal, commercial, regulatory and technical uncertainty regarding bitcoin; risks relating to the treatment of crypto assets for U.S. and foreign tax purposes; risks related to the ability of ProCap and Pubco to execute their business plans; the risks that launching and growing Pubco's bitcoin treasury advisory and services in digital marketing and strategy could be difficult; challenges in implementing Pubco's business plan due to operational challenges, significant competition and regulation; risks associated with the possibility of Pubco being considered to be a "shell company" by any stock exchange on which Pubco Common Stock will be listed or by the SEC, which may impact Pubco's ability to list Pubco Common Stock and restrict reliance on certain rules or forms in connection with the offering, sale or resale of securities, which could impact materially the time, cost and ability of Pubco to raise capital after the closing of the Business Combinations; the outcome of any potential legal proceedings that may be instituted against Pubco, ProCap, CCCM or others in connection with or following announcement of the Business Combinations, and those risk factors discussed in documents that Pubco and/or CCCM filed, or that will be filed, with the SEC, including as are set forth in the Registration Statement to be filed with the SEC in connection with the Business Combinations.

The foregoing list of risk factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the "Risk Factors" section of the IPO Prospectus, CCCM's Quarterly Reports on Form 10-Q and CCCM's Annual Reports on Form 10-K that have been or will be filed by CCCM from time to time, the Registration Statement and Proxy Statement filed by Pubco and CCCM, and other documents that have been or will be filed by CCCM and Pubco from time to time with the SEC. These filings do or will identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. There may be additional risks that neither CCCM nor Pubco presently know or that CCCM and Pubco currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements.

Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and each of CCCM, ProCap, and Pubco assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Neither CCCM, ProCap, nor Pubco gives any assurance that any of CCCM, ProCap or Pubco will achieve their respective expectations. The inclusion of any statement in this Current Report on Form 8-K does not constitute an admission by CCCM, ProCap or Pubco or any other person that the events or circumstances described in such statement are material.

**Item 9.01. Financial Statements and Exhibits.**

(d) Exhibits.

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 10.1 | [Sponsor Earnout Agreement, by and among CCCM, ProCap, Pubco and Sponsor.](ea026862001ex10-1_columbus1.htm) |
| 10.2 | [Seller Earnout Agreement, by and among CCCM, ProCap, Pubco and Seller.](ea026862001ex10-2_columbus1.htm) |
| 99.1 | [Press Release, dated December 4, 2025](ea026862001ex99-1_columbus1.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

**SIGNATURE**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | |
|:---|:---|
| **Columbus Circle Capital Corp I** | **Columbus Circle Capital Corp I** |
| By: | /s/ Gary Quin |
| Name: | Gary Quin |
| Title: | Chief Executive Officer |

---

Dated: December 5, 2025

## Exhibit 10.1

**Exhibit 10.1**

*Execution Version*

**<u>SPONSOR LETTER AGREEMENT</u>**

This SPONSOR LETTER AGREEMENT (this "**Agreement**") is made and entered into as of December 4, 2025, by and between ProCap Financial, Inc., a Delaware corporation ("**Pubco**"), and Columbus Circle 1 Sponsor Corp, LLC, a Delaware limited liability company ("**Sponsor**"). Capitalized terms used but not defined herein have the meanings assigned to them in that certain Business Combination Agreement, dated as of June 23, 2025 (as amended on July 28, 2025 and as may be further amended, modified, supplemented and/or restated from time to time, the "**Business Combination Agreement**") by and among Columbus Circle Capital Corp I, a Cayman Islands exempted company ("**SPAC**"), Pubco, ProCap BTC, LLC, a Delaware limited liability company (the "**Company**"), Inflection Points Inc, d/b/a Professional Capital Management, a Delaware corporation (the "**Seller**"), and the other parties thereto.

WHEREAS, as of the date hereof, Sponsor owns 8,333,333 Class B ordinary shares, par value $0.0001 per share, of SPAC (the "**Class B Ordinary Shares**" and together with any SPAC Class A Ordinary Shares issued upon conversion of such shares and all shares of Pubco Stock into which any such securities will convert in connection with the Transactions (as defined below), the "**Founder Shares**");

WHEREAS, in connection with SPAC's initial public offering, SPAC, Sponsor and certain officers and directors of SPAC (collectively, the "**Insiders**") entered into a letter agreement, dated as of May 15, 2025 (as may be amended from time to time, the "**Insider Letter**"), pursuant to which Sponsor and the Insiders agreed to certain voting requirements, transfer restrictions and waiver of redemption rights with respect to the SPAC securities owned by them;

WHEREAS, pursuant to the Business Combination Agreement and upon the terms and subject to the conditions set forth therein, upon the consummation (the "**Closing**") of the Transactions, among other matters, (a) SPAC will de-register from the Register of Companies in the Cayman Islands by way of continuation out of the Cayman Islands and into the State of Delaware so as to re-domicile as and become a Delaware corporation (the "**Conversion**"); (b) Company Merger Sub will merge with and into the Company (with the Company surviving such merger as a wholly-owned subsidiary of Pubco) (the "**Company Merger**"); and (c) SPAC Merger Sub will merge with and into SPAC (with SPAC surviving such merger as a wholly-owned subsidiary of Pubco) (the "**SPAC Merger**" and, together with the Conversion, the Company Merger and the other transactions contemplated by the Business Combination Agreement and the Ancillary Documents, the "**Transactions**");

WHEREAS, contemporaneously with the execution of the Business Combination Agreement, SPAC, Sponsor and Pubco entered into that certain Sponsor Support Agreement pursuant to which Sponsor agreed to (i) vote its Founder Shares in favor of the Transactions; (ii) vote its Founder Shares against any alternative transactions; and (iii) comply with the restrictions imposed by the Insider Letter; and

WHEREAS, in order to facilitate the consummation of the Transactions, Sponsor has agreed to subject the transferability of all 8,333,333 Founder Shares held by Sponsor (together with any equity securities paid as dividends or distributions with respect to such shares or into which such shares are exchanged or converted, in either case, after the Closing, the "**Earnout Shares**") to certain vesting conditions during the Earnout Period (as defined below), with such vesting conditions effective as of 8:30AM ET on December 3, 2025.

NOW, THEREFORE, in consideration of the representations, warranties, covenants and agreements contained herein and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, and subject to the conditions set forth herein, the parties hereto agree as follows:

**Section 1** <u>Sponsor Earnout</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Sponsor hereby agrees that, upon and subject to the Closing, it will not (i) sell, offer to sell, contract or agree to sell, hypothecate, pledge, grant any option to purchase or otherwise dispose of or agree to dispose of, directly or indirectly, or establish or increase a put equivalent position or liquidate or decrease a call equivalent position within the meaning of Section 16 of the Securities and Exchange Act of 1934, as amended, and the rules and regulations of the Securities and Exchange Commission promulgated thereunder, any Earnout Shares, (ii) enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of any Earnout Shares, whether any such transaction is to be settled by delivery of such securities, in cash or otherwise, or (iii) publicly announce any intention to effect any transaction specified in clause (i) or (ii), unless, until and to the extent that a Release Event (as defined below) has occurred with respect to such Earnout Shares; <u>provided</u>, that Sponsor may transfer all or any portion of the Earnout Shares to any person or entity that qualifies as a permitted transferee under <u>Section 8(c)</u> of the Insider Letter (each, a "**Permitted Transferee**"), subject to such Permitted Transferee agreeing in writing to be bound by the terms of this Agreement that apply to Sponsor hereunder with respect to such Earnout Shares. The book entries representing the Earnout Shares shall contain a legend relating to transfer restrictions imposed by this <u>Section 1</u>. Pubco will cause such legend to be removed as promptly as practicable, but in any event within two (2) Business Days following a Release Event with respect to such Earnout Shares. During the Earnout Period, Sponsor will have full ownership rights to its Earnout Shares, including the right to vote such shares and to receive dividends and distributions thereon.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Earnout Shares shall vest and transfer restrictions set forth in this <u>Section 1</u> shall be removed as follows (each, as applicable to the relevant Earnout Shares, including a Qualifying Change of Control (as defined below), a "**Release Event**"):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>Share Price Trigger</u>. In the event that, during the Earnout Period, the closing price of the Pubco Stock as reported on the Trading Market (as defined below) (the "**Closing Price**") equals or exceeds $10.21 per share (as adjusted for stock splits, stock dividends, reorganizations and recapitalizations) for any twenty (20) Trading Days within any consecutive thirty (30) Trading Day period (the "**Share Price Target**"), then, subject to the terms and conditions of this Agreement, 100% of the Earnout Shares will vest and no longer be subject to the transfer restrictions in this <u>Section 1</u> (the "**Share Price Trigger Event**").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) <u>BTC Price Trigger</u>. In the event that the BTC VWAP (as defined below) equals or exceeds $140,000 (a "**BTC Price Trigger Event**") during the Earnout Period, then, subject to the terms and conditions of this Agreement, 100% of the Earnout Shares will vest and no longer be subject to the transfer restrictions in this <u>Section 1</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) <u>Time-Based Trigger</u>. In the event that none of a Share Price Trigger Event, a BTC Price Trigger Event, or a Qualifying Change of Control (as defined below) has occurred on or prior to the second (2nd) anniversary of the Closing Date, then, subject to the terms and conditions of this Agreement, on such second anniversary, 100% of the Earnout Shares will vest and no longer be subject to the transfer restrictions set forth in <u>Section 1</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) <u>Change of Control</u>. Notwithstanding the foregoing, in the event that during the Earnout Period, Pubco is subject to a Change of Control and the implied consideration per share of Pubco Stock pursuant to which Pubco or its stockholders have the right to receive in such Change of Control equals or exceeds the Share Price Target (or the equivalent fair market value thereof, as determined by the Post-Closing Pubco Board in good faith, in the event of any non-cash consideration) (a "**Qualifying Change of Control**"), then, all of the Earnout Shares that have not previously vested shall vest and shall no longer be subject to the transfer restrictions in this <u>Section 1</u>.

"**BTC VWAP**" means the dollar volume-weighted average price for Bitcoin (BTC) during any one hundred twenty (120)-hour period ending at the time of determination, as reported by Bloomberg through its "VAP" function for "XBTUSD BGN Curncy" (or such other comparable calculation methodology as the Disinterested Independent Directors (as defined below) may determine in good faith if such Bloomberg function is no longer available). If the BTC VWAP cannot be calculated for Bitcoin (BTC) on such date on any of the foregoing bases, the BTC VWAP of Bitcoin (BTC) on such date shall be the fair market value as determined by the Disinterested Independent Directors (as defined below) acting in good faith. All such determinations shall be appropriately adjusted for any stock dividend, stock split, stock combination, recapitalization or other similar transaction during such period.

"**Change of Control**" means: (a) any acquisition on any date after the Closing by any Person (that is not an Affiliate of Pubco, the SPAC Surviving Subsidiary or the Company Surviving Subsidiary) of beneficial ownership (as defined in Section 13(d) of the Exchange Act) of the capital stock of Pubco that, with the Pubco capital stock already held by such Person, constitutes more than 50% of the total voting power of the Pubco capital stock; <u>provided</u>, <u>however</u>, that for the avoidance of doubt, for purposes of this subsection, the acquisition of additional Pubco capital stock (other than with respect to an acquisition that results in a Person (that is not an Affiliate of Pubco or the SPAC Surviving Subsidiary or the Company Surviving Subsidiary) owning 100% of the outstanding Pubco capital stock) (i) by any Person who, prior to such acquisition, beneficially owns more than 50% of the total voting power of Pubco capital stock or (ii) pursuant to a pro rata distribution by Sponsor or its Affiliates to their respective equityholders as of the Closing will not be considered a Change of Control; or (b) any acquisition on any date after the Closing of Pubco by another Person by means of (i) any transaction or series of related transactions (including any reorganization, merger, or consolidation but excluding any merger effected exclusively for the purpose of changing the domicile of Pubco), or (ii) a sale of all or substantially all of the assets of Pubco and its Subsidiaries, if, in case of either clause (i) or clause (ii), the number of shares of Pubco capital stock outstanding immediately following the Closing (as adjusted for any stock split or other recapitalization event) will, immediately after such transaction, series of related transactions or sale, represent less than 50% of the total voting power of the surviving or acquiring entity.

"**Earnout Period**" means the period commencing on the Closing Date and ending on the second (2nd) anniversary of the Closing Date.

"**Trading Day**" means any day on which shares of Pubco Stock are actually traded on Trading Market.

"**Trading Market**" means from and after the Closing, at any particular time of determination, the principal United States securities exchange or securities market on which the shares of Pubco Stock are then traded.

**Section 2** <u>Monitoring and Dispute Resolution</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) With respect to the achievement of Release Events, Pubco's Chief Financial Officer or Principal Accounting Officer or any person performing such duties (the "**CFO**") shall monitor the Closing Price of Pubco Stock and the BTC VWAP on each Trading Day and calendar day, respectively, during the Earnout Period. As soon as practicable (and in any event within three (3) Business Days) after the end of each monthly anniversary of the Closing Date during the Earnout Period, the CFO will prepare and deliver to Sponsor a written statement (each, an "**Earnout Statement**") that sets forth (i) the Closing Price of Pubco Stock and the BTC VWAP on each Trading Day and calendar day, respectively, for such monthly anniversary period then ended and the preceding monthly period and (ii) whether a Release Event has occurred for any twenty (20) Trading Days within any thirty (30) Trading Day period that includes any days within such monthly anniversary period. Sponsor will have ten (10) Business Days after its receipt of an Earnout Statement to review it, and Sponsor and its Representatives on its behalf may make inquiries to the CFO and related Pubco and Company personnel and advisors regarding questions concerning or disagreements with the Earnout Statement arising in the course of their review thereof, and Pubco and the Company shall provide reasonable cooperation in connection therewith. If Sponsor has any objections to an Earnout Statement, Sponsor shall deliver to Pubco (to the attention of the CFO) a statement setting forth its objections thereto (in reasonable detail). If Sponsor does not deliver such written statement within ten (10) Business Days after receiving each Earnout Statement, Sponsor will be deemed to have waived any right to dispute that Earnout Statement, including the calculation of the Closing Price of Pubco Stock, the BTC VWAP for the applicable portion of the Earnout Period, and whether a Release Event has occurred. If such written statement is delivered by Sponsor within such ten (10) Business Day period, then Sponsor shall negotiate in good faith to resolve any such objections for a period of ten (10) Business Days thereafter. If Sponsor does not reach a final resolution during such ten (10) Business Day period, then the final determination of the Closing Price of Pubco Stock and BTC VWAP during the applicable portion of the Earnout Period shall be referred to the independent directors then serving on the Post-Closing Pubco Board who are at the time of the referral disinterested in the Earnout Shares (i.e., such independent director is not an officer of Pubco, an officer of any of Pubco's Subsidiaries, an officer or director of Seller, an Affiliate of Seller, an Affiliate of Sponsor, or an officer, director, manager, employee, trustee or beneficiary of Sponsor, nor an immediate family member of any of the foregoing) (each, a "**Disinterested Independent Director**"), who shall determine, by vote or consent of a majority of the Disinterested Independent Directors, whether one or more Release Events has occurred and whether Sponsor is entitled to receive Earnout Shares.

**Section 3** <u>General</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Termination</u>. This Agreement shall terminate at such time, if any, as the Business Combination Agreement is terminated in accordance with its terms prior to the Closing, and upon such termination this Agreement shall be null and void and of no effect whatsoever, and the parties hereto shall have no obligations under this Agreement; <u>provided</u>, <u>however</u>, that no termination of this Agreement shall relieve or release a party from any obligations or liabilities arising out of such party's breaches of this Agreement prior to such termination.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Notices</u>. All notices, consents, waivers and other communications hereunder shall be in writing and shall be deemed to have been duly given when delivered (i) in person, (ii) by email during normal business hours, (iii) by FedEx or other nationally recognized overnight courier service, or (iv) after posting in the United States mail having been sent registered or certified mail return receipt requested, postage prepaid, and otherwise on the next Business Day, addressed as follows (or at such other address for a party as shall be specified by like notice):

---

| | |
|:---|:---|
| *If to SPAC prior to the Closing, to:*<br>Columbus Circle Capital Corp. I<br> 3 Columbus Circle, 24th Floor<br> New York, NY 10019<br> Attention: Gary Quin<br> Email: gquin@cohencm.com | *with a copy (which will not constitute notice) to:*<br>Ellenoff Grossman & Schole LLP<br> 1345 Avenue of the Americas, 11th Floor<br> New York, New York 10105<br> Attn: Meredith Laitner, Esq. Trevor Okomba, Esq.<br> Telephone No.: (212) 370-1300<br> Email: mlaitner@egsllp.com<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;tokomba@egsllp.com |
| *If to Sponsor at, prior to or after the Closing, to:*<br>Columbus Circle 1 Sponsor Corp LLC<br> 3 Columbus Circle, 24th Floor<br> New York, NY 10019<br> Attention: Joe Pooler<br> Email: jpooler@cohenandcompany.com  | *with a copy (which will not constitute notice) to:*<br>Ellenoff Grossman & Schole LLP<br> 1345 Avenue of the Americas, 11th Floor<br> New York, New York 10105<br> Attn: Douglas S. Ellenoff, Esq. Stuart Neuhauser, Esq.<br> Meredith Laither, Esq.<br> Telephone No.: (212) 370-1300<br> Email: ellenoff@egsllp.com<br> sneuhauser@egsllp.com<br> mlaitner@egsllp.com |
| *If to SPAC from and after the Closing or to Pubco at, prior to or after the Closing, to:*<br>ProCap Financial, Inc.<br> 600 Lexington Ave., Floor 2<br> New York, NY 10022<br> Attn: Anthony Pompliano<br> Email: anthony@professionalcapital.com | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *with a copy (which will not constitute notice) to:*<br>Reed Smith LLP<br> 2850 N. Harwood Street, Suite 1500<br> Dallas, TX 75201<br> Attn: Lynwood Reinhardt, Esq.<br> Jennifer Riso, Esq.<br> Katie Geddes, Esq.<br> Email: lreinhardt@reedsmith.com<br> &nbsp;&nbsp;&nbsp;&nbsp;jriso@reedsmith.com<br> &nbsp;&nbsp;&nbsp;&nbsp;kgeddes@reedsmith.com  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Entire Agreement</u>. This Agreement (including the Business Combination Agreement and each of the other documents and the instruments referred to herein, to the extent incorporated herein) constitutes the entire agreement and understanding of the parties hereto in respect of the subject matter hereof and supersedes all prior understandings, agreements, or representations by or among the parties hereto, written or oral, to the extent they relate in any way to the subject matter hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Governing Law; Jurisdiction; Waiver of Jury Trial</u>. Sections 12.6 and 12.7 of the Business Combination Agreement shall apply to this Agreement mutatis mutandis.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Remedies</u>. All rights and remedies existing under this Agreement are cumulative to, and not exclusive of any rights or remedies otherwise available. The parties hereto agree that irreparable damage could occur in the event that any of the provisions of this Agreement were not performed in accordance with their specific terms or were otherwise breached. It is accordingly agreed that the parties shall be entitled to seek an injunction or injunctions to prevent breaches of this Agreement and to specific enforcement of the terms and provisions of this Agreement, in addition to any other remedy to which any party is entitled at law or in equity. In the event that any Action shall be brought in equity to enforce the provisions of this Agreement, no party shall allege, and each party hereby waives the defense, that there is an adequate remedy at law, and each party agrees to waive any requirement for the securing or posting of any bond in connection therewith.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <u>Amendments and Waivers</u>. This Agreement may be amended or modified only with the written consent of (i) Pubco, (ii) a majority vote of the Disinterested Independent Directors and (iii) Sponsor (or its successors or assignees). The observance of any term of this Agreement may be waived (either generally or in a particular instance, and either retroactively or prospectively) only with the written consent of the party against whom enforcement of such waiver is sought. No failure or delay by a party in exercising any right hereunder shall operate as a waiver thereof. No waivers of or exceptions to any term, condition, or provision of this Agreement, in any one or more instances, shall be deemed to be or construed as a further or continuing waiver of any such term, condition, or provision.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <u>Severability</u>. If any provision of this Agreement is held invalid or unenforceable by any court of competent jurisdiction, the other provisions of this Agreement shall remain in full force and effect. The parties further agree that if any provision contained herein is, to any extent, held invalid or unenforceable in any respect under the Laws governing this Agreement, they shall take any actions necessary to render the remaining provisions of this Agreement valid and enforceable to the fullest extent permitted by Law and, to the extent necessary, shall amend or otherwise modify this Agreement to replace any provision contained herein that is held invalid or unenforceable with a valid and enforceable provision giving effect to the intent of the parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) <u>Assignment</u>. No party hereto may assign either this Agreement or any of its rights, interests, or obligations hereunder without the prior written consent of the other parties; provided, that in the event that Sponsor transfers any of its Founder Shares (including Earnout Shares) to any Permitted Transferee in accordance with Section 8(c) of the Insider Letter and <u>Section 1</u> of this Agreement, Sponsor may only complete the transfer of its rights and obligations with respect to such securities subject to such Permitted Transferee agreeing in writing to be bound by the terms of this Agreement that apply to Sponsor hereunder with respect to such securities; and, provided further, that upon dissolution of Sponsor, Sponsor may assign this Sponsor Letter Agreement or any of its rights, interests or obligations hereunder to its designee. Any purported assignment in violation of this <u>Section 3(h)</u> shall be void and ineffectual and shall not operate to transfer or assign any interest or title to the purported assignee. This Agreement shall be binding on the undersigned and their respective successors and permitted assigns. Nothing in this Sponsor Letter Agreement, express or implied, is intended to confer upon any party other than the parties or their respective successors and assigns any rights, remedies, obligations or liabilities under or by reason of this Sponsor Letter Agreement, except as expressly provided in this Sponsor Letter Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>Costs and Expenses</u>. Each party to this Agreement will pay its own costs and expenses (including legal, accounting and other fees) relating to the negotiation, execution, delivery and performance of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) <u>No Joint Venture</u>. Nothing contained in this Agreement shall be deemed or construed as creating a joint venture or partnership between any of the parties hereto. No party is by virtue of this Agreement authorized as an agent, employee or legal representative of any other party. Without in any way limiting the rights or obligations of any party hereto under this Agreement, prior to the Effective Time, (i) no party shall have the power by virtue of this Agreement to control the activities and operations of any other and (ii) no party shall have any power or authority by virtue of this Agreement to bind or commit any other party. No party shall hold itself out as having any authority or relationship in contravention of this <u>Section 3(j)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) <u>Capacity as Shareholder</u>. Sponsor signs this Agreement solely in its capacity as a shareholder of SPAC, and not in its capacity as a director (including "director by deputization"), officer or employee of SPAC, if applicable. Nothing herein shall be construed to limit or affect any actions or inactions by Sponsor or any representative of Sponsor, as applicable, serving as a director of SPAC, Pubco or any Subsidiary of SPAC or Pubco, acting in such person's capacity as a director or officer of SPAC, Pubco or any Subsidiary of SPAC or Pubco (it being understood and agreed that the Business Combination Agreement contains provisions that govern the actions or inactions by the directors of SPAC with respect to the Transactions).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) <u>Headings; Interpretation</u>. The headings and subheadings in this Agreement are for convenience only and shall not be considered a part of or affect the construction or interpretation of any provision of this Agreement. In this Agreement, unless the context otherwise requires: (i) any pronoun used shall include the corresponding masculine, feminine or neuter forms, and the singular form of nouns, pronouns and verbs shall include the plural and vice versa; (ii) the term "including" (and with correlative meaning "include") shall be deemed in each case to be followed by the words "without limitation"; (iii) the words "herein," "hereto," and "hereby" and other words of similar import shall be deemed in each case to refer to this Agreement as a whole and not to any particular section or other subdivision of this Agreement; and (iv) the term "or" means "and/or". The parties have participated jointly in the negotiation and drafting of this Agreement. Consequently, in the event an ambiguity or question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the parties hereto, and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any provision of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) <u>Counterparts</u>. This Agreement may be executed in two or more counterparts, and by different parties in separate counterparts, with the same effect as if all parties hereto had signed the same document, but all of which together shall constitute one and the same instrument. Copies of executed counterparts of this Agreement transmitted by electronic transmission (including by email or in .pdf format) or facsimile as well as electronically or digitally executed counterparts (such as DocuSign) shall have the same legal effect as original signatures and shall be considered original executed counterparts of this Agreement.

[*The next page is the signature page*]

**IN WITNESS WHEREOF**, the parties hereto have executed this Sponsor Letter Agreement as of the date first written above.

---

| | |
|:---|:---|
| **PROCAP FINANCIAL, INC.** | **PROCAP FINANCIAL, INC.** |
| By: | /s/ Anthony Pompliano |
| Name: | Anthony Pompliano |
| Title: | Chief Executive Officer |
| **COLUMBUS CIRCLE 1 SPONSOR CORP LLC** | **COLUMBUS CIRCLE 1 SPONSOR CORP LLC** |
| By: | /s/ Joseph Pooler |
| Name: | Joseph Pooler |
| Title: | Authorized Signatory |

---

## Exhibit 10.2

**Exhibit 10.2**

*Execution Version*

**<u>COMMON UNITHOLDER LETTER AGREEMENT</u>**

This COMMON UNITHOLDER LETTER AGREEMENT (this "**Agreement**") is made and entered into as of December 4, 2025, by and between ProCap Financial, Inc., a Delaware corporation ("**Pubco**"), and Inflection Points Inc, d/b/a Professional Capital Management ("**Seller**" or the "**Common Unitholder**"). Capitalized terms used but not defined herein have the meanings assigned to them in that certain Business Combination Agreement, dated as of June 23, 2025 (as amended on July 28, 2025 and as may be further amended, modified, supplemented and/or restated from time to time, the "**Business Combination Agreement**") by and among Columbus Circle Capital Corp I, a Cayman Islands exempted company ("**SPAC**"), Pubco, ProCap BTC, LLC, a Delaware limited liability company (the "**Company**"), Seller, and the other parties thereto.

WHEREAS, as of the date hereof, the Common Unitholder owns 9,500,000 common units of the Company (the "**Common Units**" and together with all shares of Pubco Stock into which any such securities will convert in connection with the Transactions (as defined below), the "**Shares**");

WHEREAS, pursuant to the Business Combination Agreement and upon the terms and subject to the conditions set forth therein, upon the consummation (the "**Closing**") of the Transactions, among other matters, (a) SPAC will de-register from the Register of Companies in the Cayman Islands by way of continuation out of the Cayman Islands and into the State of Delaware so as to re-domicile as and become a Delaware corporation (the "**Conversion**"); (b) Company Merger Sub will merge with and into the Company (with the Company surviving such merger as a wholly-owned subsidiary of Pubco) (the "**Company Merger**"); and (c) SPAC Merger Sub will merge with and into SPAC (with SPAC surviving such merger as a wholly-owned subsidiary of Pubco) (the "**SPAC Merger**" and, together with the Conversion, the Company Merger and the other transactions contemplated by the Business Combination Agreement and the Ancillary Documents, the "**Transactions**");

WHEREAS, Pubco entered into that certain lock-up agreement with Seller, dated as of June 23, 2025 (the "**Lock-Up Agreement**"), pursuant to which Seller agreed that certain transfer restrictions were to be imposed on its Shares; and

WHEREAS, in order to facilitate the consummation of the Transactions, the Common Unitholder has agreed to subject the transferability of all Shares held by the Common Unitholder (together with any equity securities paid as dividends or distributions with respect to such shares or into which such shares are exchanged or converted, in either case, after the Closing, the "**Earnout Shares**") to certain vesting conditions during the Earnout Period (as defined below), with such vesting conditions effective as of 8:30AM ET on December 3, 2025.

NOW, THEREFORE, in consideration of the representations, warranties, covenants and agreements contained herein and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, and subject to the conditions set forth herein, the parties hereto agree as follows:

**Section 1** <u>Common Unitholder Earnout</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Common Unitholder hereby agrees that, upon and subject to the Closing, it will not (i) sell, offer to sell, contract or agree to sell, hypothecate, pledge, grant any option to purchase or otherwise dispose of or agree to dispose of, directly or indirectly, or establish or increase a put equivalent position or liquidate or decrease a call equivalent position within the meaning of Section 16 of the Securities and Exchange Act of 1934, as amended, and the rules and regulations of the Securities and Exchange Commission promulgated thereunder, any Earnout Shares, (ii) enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of any Earnout Shares, whether any such transaction is to be settled by delivery of such securities, in cash or otherwise, or (iii) publicly announce any intention to effect any transaction specified in clause (i) or (ii), unless, until and to the extent that a Release Event (as defined below) has occurred with respect to such Earnout Shares; <u>provided</u>, that the Common Unitholder may transfer all or any portion of the Earnout Shares to any person or entity that qualifies as a permitted transferee under Section 1(a) of the Lock-Up Agreement (each, a "**Permitted Transferee**"), subject to such Permitted Transferee agreeing in writing to be bound by the terms of this Agreement that apply to the Common Unitholder hereunder with respect to such Earnout Shares. The book entries representing the Earnout Shares shall contain a legend relating to transfer restrictions imposed by this <u>Section 1</u>. Pubco will cause such legend to be removed as promptly as practicable, but in any event within two (2) Business Days following a Release Event with respect to such Earnout Shares. During the Earnout Period, the Common Unitholder will have full ownership rights to their respective Earnout Shares, including the right to vote such shares and to receive dividends and distributions thereon.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Earnout Shares shall vest and transfer restrictions set forth in this <u>Section 1</u> shall be removed as follows (each, as applicable to the relevant Earnout Shares, including a Qualifying Change of Control (as defined below), a "**Release Event**"):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>Share Price Trigger</u>. In the event that, during the Earnout Period, the closing price of the Pubco Stock as reported on the Trading Market (as defined below) (the "**Closing Price**") equals or exceeds $10.21 per share (as adjusted for stock splits, stock dividends, reorganizations and recapitalizations) for any twenty (20) Trading Days within any consecutive thirty (30) Trading Day period (the "**Share Price Target**"), then, subject to the terms and conditions of this Agreement, 100% of the Earnout Shares will vest and no longer be subject to the transfer restrictions in this <u>Section 1</u> (the "**Share Price Trigger Event**").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) <u>BTC Price Trigger</u>. In the event that the BTC VWAP (as defined below) equals or exceeds $140,000 (a "**BTC Price Trigger Event**") during the Earnout Period, then, subject to the terms and conditions of this Agreement, 100% of the Earnout Shares will vest and no longer be subject to the transfer restrictions in this <u>Section 1</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) <u>Time-Based Trigger</u>. In the event that none of a Share Price Trigger Event, a BTC Price Trigger Event, or a Qualifying Change of Control (as defined below) has occurred on or prior to the second (2nd) anniversary of the Closing Date, then, subject to the terms and conditions of this Agreement, on such second anniversary, 100% of the Earnout Shares will vest and no longer be subject to the transfer restrictions set forth in <u>Section 1</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) <u>Change of Control</u>. Notwithstanding the foregoing, in the event that during the Earnout Period, Pubco is subject to a Change of Control and the implied consideration per share of Pubco Stock pursuant to which Pubco or its stockholders have the right to receive in such Change of Control equals or exceeds the Share Price Target (or the equivalent fair market value thereof, as determined by the Post-Closing Pubco Board in good faith, in the event of any non-cash consideration) (a "**Qualifying Change of Control**"), then, all of the Earnout Shares that have not previously vested shall vest and shall no longer be subject to the transfer restrictions in this <u>Section 1</u>.

"**BTC VWAP**" means the dollar volume-weighted average price for Bitcoin (BTC) during any one hundred twenty (120)-hour period ending at the time of determination, as reported by Bloomberg through its "VAP" function for "XBTUSD BGN Curncy" (or such other comparable calculation methodology as the Disinterested Independent Directors (as defined below) may determine in good faith if such Bloomberg function is no longer available). If the BTC VWAP cannot be calculated for Bitcoin (BTC) on such date on any of the foregoing bases, the BTC VWAP of Bitcoin (BTC) on such date shall be the fair market value as determined by the Disinterested Independent Directors (as defined below) acting in good faith. All such determinations shall be appropriately adjusted for any stock dividend, stock split, stock combination, recapitalization or other similar transaction during such period.

"**Change of Control**" means: (a) any acquisition on any date after the Closing by any Person (that is not an Affiliate of Pubco, the SPAC Surviving Subsidiary or the Company Surviving Subsidiary) of beneficial ownership (as defined in Section 13(d) of the Exchange Act) of the capital stock of Pubco that, with the Pubco capital stock already held by such Person, constitutes more than 50% of the total voting power of the Pubco capital stock; <u>provided</u>, <u>however</u>, that for the avoidance of doubt, for purposes of this subsection, the acquisition of additional Pubco capital stock (other than with respect to an acquisition that results in a Person (that is not an Affiliate of Pubco or the SPAC Surviving Subsidiary or the Company Surviving Subsidiary) owning 100% of the outstanding Pubco capital stock) (i) by any Person who, prior to such acquisition, beneficially owns more than 50% of the total voting power of Pubco capital stock or (ii) pursuant to a pro rata distribution by the Common Unitholder or its Affiliates to their respective equityholders as of the Closing will not be considered a Change of Control; or (b) any acquisition on any date after the Closing of Pubco by another Person by means of (i) any transaction or series of related transactions (including any reorganization, merger, or consolidation but excluding any merger effected exclusively for the purpose of changing the domicile of Pubco), or (ii) a sale of all or substantially all of the assets of Pubco and its Subsidiaries, if, in case of either clause (i) or clause (ii), the number of shares of Pubco capital stock outstanding immediately following the Closing (as adjusted for any stock split or other recapitalization event) will, immediately after such transaction, series of related transactions or sale, represent less than 50% of the total voting power of the surviving or acquiring entity.

"**Earnout Period**" means the period commencing on the Closing Date and ending on the second (2nd) anniversary of the Closing Date.

"**Trading Day**" means any day on which shares of Pubco Stock are actually traded on Trading Market.

"**Trading Market**" means from and after the Closing, at any particular time of determination, the principal United States securities exchange or securities market on which the shares of Pubco Stock are then traded.

**Section 2** <u>Monitoring and Dispute Resolution</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) With respect to the achievement of Release Events, Pubco's Chief Financial Officer or Principal Accounting Officer or any person performing such duties (the "**CFO**") shall monitor the Closing Price of Pubco Stock and the BTC VWAP on each Trading Day and calendar day, respectively, during the Earnout Period. As soon as practicable (and in any event within three (3) Business Days) after the end of each monthly anniversary of the Closing Date during the Earnout Period, the CFO will prepare and deliver to the Common Unitholder a written statement (each, an "**Earnout Statement**") that sets forth (i) the Closing Price of Pubco Stock and the BTC VWAP on each Trading Day and calendar day, respectively, for such monthly anniversary period then ended and the preceding monthly period and (ii) whether a Release Event has occurred for any twenty (20) Trading Days within any thirty (30) Trading Day period that includes any days within such monthly anniversary period. The Common Unitholder will have ten (10) Business Days after its receipt of an Earnout Statement to review it, and the Common Unitholder and its Representatives on its behalf may make inquiries to the CFO and related Pubco and Company personnel and advisors regarding questions concerning or disagreements with the Earnout Statement arising in the course of their review thereof, and Pubco and the Company shall provide reasonable cooperation in connection therewith. If the Common Unitholder has any objections to an Earnout Statement, the Common Unitholder shall deliver to Pubco (to the attention of the CFO) a statement setting forth its objections thereto (in reasonable detail). If the Common Unitholder does not deliver such written statement within ten (10) Business Days after receiving each Earnout Statement, the Common Unitholder will be deemed to have waived any right to dispute that Earnout Statement, including the calculation of the Closing Price of Pubco Stock, the BTC VWAP for the applicable portion of the Earnout Period, and whether a Release Event has occurred. If such written statement is delivered by the Common Unitholder within such ten (10) Business Day period, then the Common Unitholder shall negotiate in good faith to resolve any such objections for a period of ten (10) Business Days thereafter. If the Common Unitholder does not reach a final resolution during such ten (10) Business Day period, then the final determination of the Closing Price of Pubco Stock and BTC VWAP during the applicable portion of the Earnout Period shall be referred to the independent directors then serving on the Post-Closing Pubco Board who are at the time of the referral disinterested in the Earnout Shares (i.e., such independent director is not an officer of Pubco, an officer of any of Pubco's Subsidiaries, an officer or director of Seller, an Affiliate of Seller, nor an immediate family member of any of the foregoing) (each, a "**Disinterested Independent Director**"), who shall determine, by vote or consent of a majority of the Disinterested Independent Directors, whether one or more Release Events has occurred and whether the Common Unitholder is entitled to receive Earnout Shares.

**Section 3** <u>General</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Termination</u>. This Agreement shall terminate at such time, if any, as the Business Combination Agreement is terminated in accordance with its terms prior to the Closing, and upon such termination this Agreement shall be null and void and of no effect whatsoever, and the parties hereto shall have no obligations under this Agreement; <u>provided</u>, <u>however</u>, that no termination of this Agreement shall relieve or release a party from any obligations or liabilities arising out of such party's breaches of this Agreement prior to such termination.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Notices</u>. All notices, consents, waivers and other communications hereunder shall be in writing and shall be deemed to have been duly given when delivered (i) in person, (ii) by email during normal business hours, (iii) by FedEx or other nationally recognized overnight courier service, or (iv) after posting in the United States mail having been sent registered or certified mail return receipt requested, postage prepaid, and otherwise on the next Business Day, addressed as follows (or at such other address for a party as shall be specified by like notice):

---

| | | |
|:---|:---|:---|
| *If to SPAC prior to the Closing, to:* | *with a copy (which will not constitute notice) to:* | *with a copy (which will not constitute notice) to:* |
| Columbus Circle Capital Corp I | Ellenoff Grossman & Schole LLP | Ellenoff Grossman & Schole LLP |
| 3 Columbus Circle, 24th Floor | 1345 Avenue of the Americas, 11th Floor | 1345 Avenue of the Americas, 11th Floor |
| New York, NY 10019 | New York, New York 10105 | New York, New York 10105 |
| Attention: Gary Quin | Attn: | Meredith Laitner, Esq. Trevor Okomba, Esq. |
| Email: gquin@cohencm.com | Telephone No.: (212) 370-1300 | Telephone No.: (212) 370-1300 |
|  | Email: | mlaitner@egsllp.com |
|  |  | tokomba@egsllp.com |
| *If to Seller at, prior to or after the Closing, to:* | *with a copy (which will not constitute notice) to:* | *with a copy (which will not constitute notice) to:* |
| Inflection Points Inc | Reed Smith LLP | Reed Smith LLP |
| 600 Lexington Ave., Floor 2 | 2850 N. Harwood Street, Suite 1500 | 2850 N. Harwood Street, Suite 1500 |
| New York, NY 10022 | Dallas, TX 75201 | Dallas, TX 75201 |
| Attn: Anthony Pompliano | Attn: Lynwood Reinhardt, Esq. | Attn: Lynwood Reinhardt, Esq. |
| Email: anthony@professionalcapital.com | Jennifer Riso, Esq. | Jennifer Riso, Esq. |
|  | Katie Geddes, Esq. | Katie Geddes, Esq. |
|  | Email: | lreinhardt@reedsmith.com |
|  |  | jriso@reedsmith.com |
|  |  | kgeddes@reedsmith.com |
| *If to SPAC from and after the Closing or to Pubco at, prior to or after the Closing, to:* | *with a copy (which will not constitute notice) to:* | *with a copy (which will not constitute notice) to:* |
| ProCap Financial, Inc. | Reed Smith LLP | Reed Smith LLP |
| 600 Lexington Ave., Floor 2 | 2850 N. Harwood Street, Suite 1500 | 2850 N. Harwood Street, Suite 1500 |
| New York, NY 10022 | Dallas, TX 75201 | Dallas, TX 75201 |
| Attn: Anthony Pompliano | Attn: Lynwood Reinhardt, Esq. | Attn: Lynwood Reinhardt, Esq. |
| Email: anthony@professionalcapital.com | Jennifer Riso, Esq. | Jennifer Riso, Esq. |
|  | Katie Geddes, Esq. | Katie Geddes, Esq. |
|  | Email: | lreinhardt@reedsmith.com |
|  |  | jriso@reedsmith.com |
|  |  | kgeddes@reedsmith.com |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Entire Agreement</u>. This Agreement (including the Business Combination Agreement and each of the other documents and the instruments referred to herein, to the extent incorporated herein) constitutes the entire agreement and understanding of the parties hereto in respect of the subject matter hereof and supersedes all prior understandings, agreements, or representations by or among the parties hereto, written or oral, to the extent they relate in any way to the subject matter hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Governing Law; Jurisdiction; Waiver of Jury Trial</u>. Sections 12.6 and 12.7 of the Business Combination Agreement shall apply to this Agreement mutatis mutandis.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Remedies</u>. All rights and remedies existing under this Agreement are cumulative to, and not exclusive of any rights or remedies otherwise available. The parties hereto agree that irreparable damage could occur in the event that any of the provisions of this Agreement were not performed in accordance with their specific terms or were otherwise breached. It is accordingly agreed that the parties shall be entitled to seek an injunction or injunctions to prevent breaches of this Agreement and to specific enforcement of the terms and provisions of this Agreement, in addition to any other remedy to which any party is entitled at law or in equity. In the event that any Action shall be brought in equity to enforce the provisions of this Agreement, no party shall allege, and each party hereby waives the defense, that there is an adequate remedy at law, and each party agrees to waive any requirement for the securing or posting of any bond in connection therewith.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <u>Amendments and Waivers</u>. This Agreement may be amended or modified only with the written consent of (i) Pubco, (ii) a majority vote of the Disinterested Independent Directors, (iii) the Common Unitholder (or its successors or assignees), and (iv) Columbus Circle 1 Sponsor Corp, LLC, a Delaware limited liability company ("**Sponsor**") (or its successor or assignees), with Sponsor's consent not to be unreasonably withheld, conditioned or delayed. The observance of any term of this Agreement may be waived (either generally or in a particular instance, and either retroactively or prospectively) only with the written consent of the party against whom enforcement of such waiver is sought. No failure or delay by a party in exercising any right hereunder shall operate as a waiver thereof. No waivers of or exceptions to any term, condition, or provision of this Agreement, in any one or more instances, shall be deemed to be or construed as a further or continuing waiver of any such term, condition, or provision.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <u>Severability</u>. If any provision of this Agreement is held invalid or unenforceable by any court of competent jurisdiction, the other provisions of this Agreement shall remain in full force and effect. The parties further agree that if any provision contained herein is, to any extent, held invalid or unenforceable in any respect under the Laws governing this Agreement, they shall take any actions necessary to render the remaining provisions of this Agreement valid and enforceable to the fullest extent permitted by Law and, to the extent necessary, shall amend or otherwise modify this Agreement to replace any provision contained herein that is held invalid or unenforceable with a valid and enforceable provision giving effect to the intent of the parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) <u>Assignment</u>. No party hereto may assign either this Agreement or any of its rights, interests, or obligations hereunder without the prior written consent of the other parties; provided, that in the event that the Common Unitholder transfers any of its Shares (including Earnout Shares) to any Permitted Transferee in accordance with Section 1(a) of the Lock-Up Agreement and <u>Section 1</u> of this Agreement, the Common Unitholder may only complete the transfer of its rights and obligations with respect to such securities subject to such Permitted Transferee agreeing in writing to be bound by the terms of this Agreement that apply to the Common Unitholder hereunder with respect to such securities; and, provided further, that upon dissolution of Seller, Seller may assign this Agreement or any of its rights, interests or obligations hereunder to its designee. Any purported assignment in violation of this <u>Section 3(h)</u> shall be void and ineffectual and shall not operate to transfer or assign any interest or title to the purported assignee. This Agreement shall be binding on the undersigned and their respective successors and permitted assigns. Except for <u>Section 3(f)</u>, nothing in this Agreement, express or implied, is intended to confer upon any party other than the parties or their respective successors and assigns any rights, remedies, obligations or liabilities under or by reason of this Agreement, except as expressly provided in this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>Costs and Expenses</u>. Each party to this Agreement will pay its own costs and expenses (including legal, accounting and other fees) relating to the negotiation, execution, delivery and performance of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) <u>No Joint Venture</u>. Nothing contained in this Agreement shall be deemed or construed as creating a joint venture or partnership between any of the parties hereto. No party is by virtue of this Agreement authorized as an agent, employee or legal representative of any other party. Without in any way limiting the rights or obligations of any party hereto under this Agreement, prior to the Effective Time, (i) no party shall have the power by virtue of this Agreement to control the activities and operations of any other and (ii) no party shall have any power or authority by virtue of this Agreement to bind or commit any other party. No party shall hold itself out as having any authority or relationship in contravention of this <u>Section 3(j)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) <u>Capacity as Member</u>. The Common Unitholder signs this Agreement solely in its capacity as a member of the Company, and not in its capacity as a manager, director (including "director by deputization"), officer or employee of the Company, if applicable Nothing herein shall be construed to limit or affect any actions or inactions by the Common Unitholder or any representative of the Common Unitholder, as applicable, serving as a manager or director of the Company, Pubco or any Subsidiary of the Company or Pubco, acting in such person's capacity as a manager, director or officer of the Company, Pubco or any Subsidiary of the Company or Pubco (it being understood and agreed that the Business Combination Agreement contains provisions that govern the actions or inactions by the managers of the Company with respect to the Transactions).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) <u>Headings; Interpretation</u>. The headings and subheadings in this Agreement are for convenience only and shall not be considered a part of or affect the construction or interpretation of any provision of this Agreement. In this Agreement, unless the context otherwise requires: (i) any pronoun used shall include the corresponding masculine, feminine or neuter forms, and the singular form of nouns, pronouns and verbs shall include the plural and vice versa; (ii) the term "including" (and with correlative meaning "include") shall be deemed in each case to be followed by the words "without limitation"; (iii) the words "herein," "hereto," and "hereby" and other words of similar import shall be deemed in each case to refer to this Agreement as a whole and not to any particular section or other subdivision of this Agreement; and (iv) the term "or" means "and/or". The parties have participated jointly in the negotiation and drafting of this Agreement. Consequently, in the event an ambiguity or question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the parties hereto, and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any provision of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) <u>Counterparts</u>. This Agreement may be executed in two or more counterparts, and by different parties in separate counterparts, with the same effect as if all parties hereto had signed the same document, but all of which together shall constitute one and the same instrument. Copies of executed counterparts of this Agreement transmitted by electronic transmission (including by email or in .pdf format) or facsimile as well as electronically or digitally executed counterparts (such as DocuSign) shall have the same legal effect as original signatures and shall be considered original executed counterparts of this Agreement.

[*The next page is the signature page*]

**IN WITNESS WHEREOF**, the parties hereto have executed this Common Unitholder Letter Agreement as of the date first written above.

---

| | |
|:---|:---|
| **PROCAP FINANCIAL, INC.** | **PROCAP FINANCIAL, INC.** |
| By: | /s/ Anthony Pompliano |
| Name: | Anthony Pompliano |
| Title: | Chief Executive Officer |

---

---

| | |
|:---|:---|
| **INFLECTION POINTS INC** | **INFLECTION POINTS INC** |
| By: | /s/ Anthony Pompliano |
| Name: | Anthony Pompliano |
| Title: | Chief Executive Officer |

---

## Exhibit 99.1

**Exhibit 99.1**

Anthony Pompliano, ProCap BTC and Columbus Circle Capital Corp I to Implement Moonshot Earnout and Compensation Structure Following Closing of Business Combination

**CEO Anthony Pompliano to be paid a $1 salary and 100% of his equity compensation is structured in a "moonshot" compensation package dependent on ProCap Financial achieving certain performance milestones**

● **Members of ProCap Financial's Board of Directors to receive 100% of their equity compensation in performance-based structure** 

● **Columbus Circle I Sponsor Corp and Professional Capital Management put 100% of their founding equity in a long-term, performance-oriented structure to ensure long-term shareholder alignment** 

**New York, New York, Dec. 04, 2025 (GLOBE NEWSWIRE) --** ProCap Financial, Inc. (the "Company") today announced a landmark decision to implement a "moonshot" compensation structure for CEO Anthony Pompliano, the Board of Directors, and all founding equity held by Columbus Circle I Sponsor Corp LLC (the "Sponsor") and Professional Capital Management. The "moonshot" compensation structure was created to align CEO Anthony Pompliano and the Board of Directors with the long-term interests of shareholders.

This decision comes after Columbus Circle Capital Corp I (Nasdaq: BRR) ("BRR") shareholders voted to approve the business combination between ProCap BTC, LLC ("ProCap BTC") and BRR.

The Company believes it is the first public company in capital markets history to adopt the "moonshot" compensation structure, which includes:

● CEO Anthony Pompliano will be paid a $1 annual salary and 100% of his personal equity compensation will be dependent on the Company achieving significant milestones. Mr. Pompliano's equity compensation does not begin vesting until the Company's stock price hits $15 per share and continues to vest in $2.50 per share increments until $50 per share.

● Members of the Board of Directors will take 100% of their equity compensation in a performance-based structure. Each director's equity compensation begins vesting at $12.50 per share and continues to vest in $2.50 per share increments until $20 per share.

● The Sponsor and Professional Capital Management will put 100% of their founding equity in a long-term, performance-oriented structure. This founding equity vests when the stock hits either $10.21 per share, bitcoin's price hits $140,000 per coin, or certain time milestones are reached.

This decision by ProCap Financial and its leadership represents the novel structure where all founding equity has been subject to performance milestones following a de-SPAC transaction.

"The financial system is broken for everyone except the ultra-wealthy," said **Anthony Pompliano, CEO of ProCap BTC and ProCap Financial**. "We are building ProCap Financial on a principle that we believe should be standard across all public companies: CEOs and boards of directors should get paid when shareholders win. This performance-based structure will ensure our interests are aligned with investors from day one. We're excited to bring ProCap Financial to the public markets to create a transparent and modern financial services company designed to empower independent investors with the products and opportunities they deserve."

"We are pleased that our shareholders approved the business combination with ProCap BTC," said **Gary Quin, CEO of Columbus Circle Capital Corp I**. "Anthony and his team are building a unique platform focused on serving independent investors. We believe in the team's strategy, leadership, and ability to execute, and are proud to help bring ProCap Financial to the public markets. We are particularly proud to be a part of this new movement toward performance oriented equity and compensation structures and believe it is a model for how public companies should operate."

The Business Combination is anticipated to close on or about December 5, 2025, subject to the satisfaction or waiver of all closing conditions. Following the close of the transaction, ProCap Financial will begin trading on the Nasdaq Global Market under the symbol "BRR."

**About ProCap BTC**

ProCap BTC is a modern financial services firm leveraging bitcoin. ProCap BTC has raised more than $750 million from leading investors across traditional finance and the Bitcoin industry. As part of that fundraise, ProCap BTC entered into a Business Combination Agreement with Columbus Circle Capital Corp I to create ProCap Financial, Inc., which aims to offer products and services designed to improve the financial lives of 1 billion people.

**About Columbus Circle Capital Corp I**

Columbus Circle Capital Corp I (NASDAQ: BRR) is a Cayman Islands–incorporated blank check company formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Columbus Circle Capital Corp I is led by Chairman and CEO Gary Quin, a veteran investment banker with over 25 years of experience in cross-border M&A, private equity, and capital markets; COO Dan Nash, a skilled investment banker, with a strong track record in SPAC execution and building high-growth advisory platforms; and CFO Joseph W. Pooler, Jr., who brings decades of public company financial leadership.

In connection with the Proposed Transactions (as defined herein) by and among ProCap BTC, ProCap Financial and BRR, ProCap Financial has filed with SEC a Registration Statement on Form S-4 (as may be amended, the "Registration Statement"), which became effective on November 8, 2025, and the final prospectus filed with the SEC on November 10, 2025 (the "Prospectus"), and BRR has filed a definitive proxy statement with the SEC on November 12, 2025 (the "Proxy Statement") in connection with (i) the proposed Business Combination, to be effected subject to and in accordance with the terms of the Business Combination Agreement dated as of June 23, 2025 (as amended on July 28, 2025, and as may be further modified, amended or supplemented from time to time, the "Business Combination Agreement"), by and among ProCap BTC, ProCap Financial, BRR, Crius SPAC Merger Sub, Inc., a Delaware corporation, Crius Merger Sub, LLC, a Delaware limited liability company and Inflection Points Inc, d/b/a Professional Capital Management, a Delaware corporation (collectively with all of the related actions and transactions contemplated by such agreement, the "Business Combination"), (ii) a private placement of non-voting preferred units ("ProCap BTC Preferred Units") of ProCap BTC to certain "qualified institutional buyers" as defined in Rule 144A of the Securities Act of 1933, as amended (the "Securities Act"), or institutional "accredited investors" (as defined in Rule 506 of Regulation D)(such investors, "qualifying institutional investors") (the "Preferred Equity Investment") pursuant to preferred equity subscription agreements, and (iii) commitments by qualifying institutional investors to purchase convertible notes ("Convertible Notes") issuable in connection with the closing of the Proposed Transactions by ProCap Financial (the "Convertible Note Offering" and, together with the Preferred Equity Investment and the Business Combination, the "Proposed Transactions") pursuant to convertible notes subscription agreements. The Proxy Statement and other relevant documents have been mailed to shareholders of BRR as of the Record Date. BRR and/or ProCap Financial will also file other documents regarding the Proposed Transactions with the SEC. This communication does not contain all of the information that should be considered concerning the Proposed Transactions and is not intended to form the basis of any investment decision or any other decision in respect of the Proposed Transactions.

Investors and security holders will also be able to obtain copies of the Registration Statement, the Prospectus, and the Proxy Statement and all other documents filed or that will be filed with the SEC by BRR and ProCap Financial, without charge, once available, on the SEC's website at www.sec.gov, or by directing a request to: Columbus Circle Capital Corp. I, 3 Columbus Circle, 24th Floor, New York, NY 10019; e-mail: IR@ColumbusCircleCap.com, or upon written request to ProCap Financial Inc. at 600 Lexington Ave., Floor 2, New York, NY 10022, respectively.

NEITHER THE SEC NOR ANY STATE SECURITIES REGULATORY AGENCY HAS APPROVED OR DISAPPROVED THE PROPOSED TRANSACTIONS DESCRIBED HEREIN, PASSED UPON THE MERITS OR FAIRNESS OF THE PROPOSED TRANSACTIONS OR ANY RELATED TRANSACTIONS OR PASSED UPON THE ADEQUACY OR ACCURACY OF THE DISCLOSURE IN THIS COMMUNICATION. ANY REPRESENTATION TO THE CONTRARY CONSTITUTES A CRIMINAL OFFENSE.

The offer and sale of the Convertible Notes to be issued by ProCap Financial pursuant to the Convertible Note Offering and the offer and sale of the ProCap BTC Preferred Units in the Preferred Equity Investment, in connection with the Proposed Transactions, has not been registered under the Securities Act and such securities may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act.

 ****

***Participants in Solicitation***

BRR, ProCap BTC, ProCap Financial and their respective directors, executive officers, certain of their shareholders and other members of management and employees may be deemed under SEC rules to be participants in the solicitation of proxies from BRR's shareholders in connection with the Proposed Transactions. A list of the names of such persons, and information regarding their interests in the Proposed Transactions and their ownership of BRR's securities are, or will be, contained in BRR's filings with the SEC, including the final prospectus for BRR's initial public offering filed with the SEC on May 19, 2025 (the "IPO Prospectus"). Additional information regarding the interests of the persons who may, under SEC rules, be deemed participants in the solicitation of proxies of BRR's shareholders in connection with the Proposed Transactions, including the names and interests of ProCap BTC's and ProCap Financial's respective directors or managers and executive officers is contained in the Registration Statement, the Prospectus, and the Proxy Statement. Investors and security holders may obtain free copies of these documents as described above.

 ****

***No Offer or Solicitation***

This communication and the information contained herein is for informational purposes only and is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the potential transactions and shall not constitute an offer to sell or exchange, or a solicitation of an offer to buy or exchange the securities of BRR, ProCap BTC or ProCap Financial, or any commodity or instrument or related derivative, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, sale or exchange would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act or an exemption therefrom. Investors should consult with their counsel as to the applicable requirements for a purchaser to avail itself of any exemption under the Securities Act.

 ****

 ****

***Forward-Looking Statements***

This communication contains certain forward-looking statements within the meaning of the U.S. federal securities laws with respect to the Proposed Transactions involving ProCap Financial, ProCap BTC, and BRR, including expectations, hopes, beliefs, intentions, plans, prospects, financial results or strategies regarding ProCap BTC, ProCap Financial, BRR and the Proposed Transactions, statements regarding the anticipated benefits and timing of the completion of the Proposed Transactions, the assets that may be held by ProCap BTC and ProCap Financial and the value thereof, the price and volatility of bitcoin, bitcoin's growing prominence as a digital asset and as the foundation of a new financial system, ProCap Financial's listing on any securities exchange, the macro and political conditions surrounding bitcoin, the planned business strategy including ProCap Financial's ability to develop a corporate architecture capable of supporting financial products built with and on bitcoin including native lending models, capital market instruments, and future innovations that will replace legacy financial tools with bitcoin-aligned alternatives, plans and use of proceeds, objectives of management for future operations of ProCap Financial, the upside potential and opportunity for investors, ProCap Financial's plan for value creation and strategic advantages, market size and growth opportunities, regulatory conditions, technological and market trends, future financial condition and performance and expected financial impacts of the Proposed Transactions, the satisfaction of closing conditions to the Proposed Transactions and the level of redemptions of BRR's public shareholders, and ProCap Financial's expectations, intentions, strategies, assumptions or beliefs about future events, results of operations or performance or that do not solely relate to historical or current facts. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "potential," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. Forward-looking statements are predictions, projections and other statements about future events or conditions that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this communication, including, but not limited to: the risk that the Proposed Transactions may not be completed in a timely manner or at all, which may adversely affect the price of BRR's securities; the risk that the Proposed Transactions may not be completed by BRR's business combination deadline; the failure by the parties to satisfy the conditions to the consummation of the Proposed Transactions; failure to realize the anticipated benefits of the Proposed Transactions; the level of redemptions of the BRR's public shareholders which may reduce the public float of, reduce the liquidity of the trading market of, and/or maintain the quotation, listing, or trading of the Class A ordinary shares of BRR or the shares of common stock, par value $0.001 per share, of ProCap Financial ("Pubco Common Stock") to be listed in connection with the Proposed Transactions; the insufficiency of the third-party fairness opinion for the board of directors of BRR in determining whether or not to pursue the Proposed Transactions; the failure of ProCap Financial to obtain or maintain the listing of its securities on any securities exchange after the closing of the Proposed Transactions; risks associated with BRR, ProCap BTC and ProCap Financial's ability to consummate the Proposed Transactions timely or at all, including in connection with potential regulatory delays or impediments, changes in bitcoin prices or for other reasons; costs related to the Proposed Transactions and as a result of becoming a public company; changes in business, market, financial, political and regulatory conditions; risks relating to ProCap Financial's anticipated operations and business, including the highly volatile nature of the price of bitcoin; the risk that ProCap Financial's stock price will be highly correlated to the price of bitcoin and the price of bitcoin may decrease between the signing of the definitive documents for the Proposed Transactions and the closing of the Proposed Transactions or at any time after the closing of the Proposed Transactions; asset security and risks associated with BRR, ProCap BTC and ProCap Financial's ability to consummate the Proposed Transactions timely or at all, including in connection with potential regulatory delays or impediments, changes in bitcoin prices or for other reasons; risks related to increased competition in the industries in which ProCap Financial will operate; risks relating to significant legal, commercial, regulatory and technical uncertainty regarding bitcoin; risks relating to the treatment of crypto assets for U.S. and foreign tax purposes; risks related to the ability of ProCap BTC and ProCap Financial to execute their business plans; the risks that launching and growing ProCap Financial's bitcoin treasury advisory and services in digital marketing and strategy could be difficult; challenges in implementing ProCap Financial's business plan, due to operational challenges, significant competition and regulation; risks associated with the possibility of ProCap Financial being considered to be a "shell company" by any stock exchange on which ProCap Financial's common stock will be listed or by the SEC, which may impact ProCap Financial's ability to list Pubco Common Stock and restrict reliance on certain rules or forms in connection with the offering, sale or resale of securities, which could impact materially the time, cost and ability of ProCap Financial to raise capital after the closing of the Proposed Transactions; the outcome of any potential legal proceedings that may be instituted against ProCap Financial, ProCap BTC, BRR or others in connection with or following the announcement of the Proposed Transactions, and those risk factors discussed in documents that ProCap Financial and/or BRR filed, or that will be filed, with the SEC, including as set forth in the Registration Statement filed with the SEC in connection with the Proposed Transactions.

The foregoing list of risk factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the "Risk Factors" section of the IPO Prospectus, BRR's Quarterly Reports on Form 10-Q and BRR's Annual Reports on Form 10-K that will be filed by BRR from time to time, the Registration Statement and Prospectus that has been filed by ProCap Financial and the Proxy Statement filed by BRR, and other documents that have been or will be filed by BRR and ProCap Financial from time to time with the SEC. These filings do or will identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. There may be additional risks that neither BRR nor ProCap Financial presently know or that BRR and ProCap Financial currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements.

Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and each of BRR, ProCap BTC, and ProCap Financial assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Neither BRR, ProCap BTC, nor ProCap Financial gives any assurance that any of BRR, ProCap BTC or ProCap Financial will achieve their respective expectations. The inclusion of any statement in this communication does not constitute an admission by BRR, ProCap BTC or ProCap Financial or any other person that the events or circumstances described in such statement are material.

**MEDIA CONTACTS**

**Erica Chase**<br> press@procapfinancial.com

**Dan Nash**<br> IR@ColumbusCircleCap.com