Every 10-Q that ProCap Acquisition Corp (PCAP) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow PCAP and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PCAP filings page.
ProCap Acquisition Corp, a Cayman Islands SPAC, reported total assets of $261.2 million as of June 30 2026, primarily $260.4 million in a Trust Account invested in interest-bearing deposits. Current cash outside the trust was $628,443, supporting working capital of $733,445.
For the three and six months ended June 30 2026, ProCap recorded net income of $2.0 million and $4.0 million, driven almost entirely by $2.2 million and $4.3 million of interest on trust funds, while general and administrative costs were modest at $126,919 and $344,861. There is still no operating business or revenue; all activity relates to searching for a Business Combination.
The company has 25,000,000 Class A public shares classified as subject to possible redemption at about $10.42 per share, plus 6,250,000 Class B founder shares and 8,476,666 warrants. Management discloses that it must complete a Business Combination by May 22 2027 or liquidate, and states that this deadline and limited liquidity raise substantial doubt about its ability to continue as a going concern. Management also reports a material weakness in internal control due to inadequate segregation of duties and insufficient written policies, with remediation efforts in progress.
ProCap Acquisition Corp, a Cayman Islands-based blank check company, reported net income of $1.94 million for the quarter ended March 31, 2026, driven by $2.16 million of interest on funds held in its trust account and offset by $217,942 of general and administrative costs.
Total assets were $259.3 million, including $258.3 million of cash in the trust account invested for a future business combination. Outside the trust, ProCap held $886,332 of cash and working capital of $844,531. The company has 25,000,000 Class A public shares recorded at redemption value and a shareholders’ deficit of about $10.4 million, typical for a SPAC structure.
ProCap Acquisition Corp (PCAP) reported a profitable quarter as a newly public SPAC. For the three months ended September 30, 2025, net income was $2,465,109, driven mainly by interest earned on the Trust Account. Since inception through September 30, 2025, cumulative net income was $3,390,355.
As of September 30, 2025, cash held in the Trust Account totaled $253,707,094, and current cash outside the trust was $1,208,574, supporting a working capital surplus of $1,210,441. The balance sheet reflects a deferred underwriting fee of $11,250,000 payable upon a business combination.
The IPO placed 25,000,000 public Class A shares, each initially at $10.00, with 25,000,000 Class A ordinary shares subject to possible redemption valued at $10.15 per share as of quarter end. There were 8,476,666 warrants outstanding (8,333,333 public; 143,333 private), each exercisable for one Class A share at $11.50 after a business combination. The company has up to 24 months from the IPO closing to complete its initial business combination.