Every 10-Q that ProCap Acquisition Corp Unit (PCAPU) 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 PCAPU 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 PCAPU 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 is a Cayman Islands blank check company that completed an Initial Public Offering on May 22, 2025, selling 25,000,000 Units (including a partial 3,000,000 unit over-allotment) for gross proceeds of $250,000,000 and a simultaneous private placement of 430,000 units for $4,300,000. The Company placed $250,000,000 of IPO proceeds into a Trust Account and reported $251,114,608 held in the Trust Account as of June 30, 2025.
As of June 30, 2025 total assets were $252,606,972, cash outside the Trust was $1,367,369 and working capital surplus was $1,337,818. Total liabilities were $11,404,546, including a deferred underwriting fee of $11,250,000. Class A ordinary shares subject to possible redemption were recorded at a redemption value of $251,114,608. The Company reported net income of $995,265 for the quarter, driven by $1,114,608 of interest on the Trust Account and a $14,188 change in fair value of the over-allotment option liability, offset by $133,531 of general and administrative costs. Management disclosed a material weakness in disclosure controls related to segregation of duties. The Company has not commenced operations and will seek a Business Combination within the prescribed Completion Window.