BRR (BRR) — Current Report

Key Insights

• ProCap Financial has experienced a change in its board of directors, with the resignation of William H. Miller IV from the board and various board committees.
• The company's Audit Committee no longer satisfies the Nasdaq listing requirements, as it now has fewer than the required minimum of three independent directors.
• ProCap Financial intends to use the cure periods provided by Nasdaq to regain compliance with the listing requirements regarding the composition of the board and the Audit Committee.