v3.26.3
Recapitalization (Tables)
 6 Months Ended
Dec. 31, 2025
Restructuring and Related Activities [Abstract]  
Schedule of Business Combination to the Consolidated Statement of Changes in Equity

The following table reconciles the elements of the Business Combination to the consolidated statement of changes in stockholders’ equity for the year ended December 31, 2025:

 

     
Cash - trust and cash, net of redemptions  $15,992,015 
Less: transaction expenses paid   (3,790,701)
Net proceeds from the Business Combination   12,201,314 
      
Assets (liabilities) assumed from the SPAC:     
Cash   64,357 
Accrued offering costs   (75,000)
Reverse recapitalization, net  $12,190,671 
Schedule of Pubco Stock Issued

The number of shares of Pubco Stock issued immediately following the consummation of the Business Combination were:

 

Columbus Circle Capital Corp I public shares outstanding prior to the Business Combination   25,000,000 
Less: Redemption of Columbus Circle Capital Corp I ordinary shares   (23,434,229)
Columbus Circle Capital Corp I public shares   1,565,771 
Columbus Circle Capital Corp I founder shares outstanding   8,333,333 
Columbus Circle Capital Corp I private placement shares outstanding   265,000 
Columbus Circle Capital Corp I representative shares outstanding   440,000 
Business combination shares – ProCap common shares after conversation ratio   74,562,500 
Common stock available immediately after the Business Combination   85,166,604 
Schedule of ProCap Shares Details

The number of ProCap shares was determined as follows:

 

   ProCap units  

ProCap common

shares after

conversion ratio

 
Common   10,000,000    10,000,000 
Preferred   51,650,000    64,562,500 
    61,650,000    74,562,500