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ProCap Acquisition Corp (PCAPU) has successfully completed its upsized initial public offering, raising $250 million in gross proceeds through the sale of 25 million units at $10.00 per unit. Each unit comprises one Class A ordinary share and one-third of one redeemable warrant, with whole warrants exercisable at $11.50 per share.
The company is a blank check company targeting business combinations in the financial technology industry. Trading began on Nasdaq Global Market on May 21, 2025, under "PCAPU," with Class A shares and warrants to later trade separately under "PCAP" and "PCAPW." The management team is led by CEO Anthony Pompliano and CFO Catalina Abbey, with BTIG, LLC serving as the sole book-running manager.
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