Cohen Circle Acquisition Corp. I shares fall 1.18% after-hours as Reed Smith advises ProCap BTC on business combination.

Cohen Circle Acquisition Corp. I fell 1.18% in after-hours trading, following the announcement that Reed Smith LLP is serving as legal counsel to ProCap BTC, LLC in its proposed business combination with Columbus Circle Capital Corp. I. The combined public company, ProCap Financial, Inc., aims to become a leading financial services firm at the intersection of bitcoin and traditional finance.