{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-25-047495","form_type":"8-K","ticker":"PCAP","cik":"0002056634","company_name":"ProCap Acquisition Corp","filed_at":"2025-05-27T23:59:59+00:00","discovered_at":"2026-05-14T18:02:50.794787+00:00","generated_at":"2026-05-20T11:49:35.596869+00:00","sec_items":["1.01","3.02","5.02","5.03","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"ProCap Acquisition Corp closes upsized $250M IPO; units trade on Nasdaq","bullets":["IPO of 22M units at $10/unit; partial over-allotment exercise brings total to 25M units, gross proceeds $250M.","Trust account funded with $247.7M from IPO and private placement proceeds ($4.3M from 430,000 sponsor units).","Board appointed: Lindsey Haswell, Michael Gonzalez, Benjamin Buchanan as directors; committees formed.","Company is a blank-check SPAC targeting financial technology industry for initial business combination.","Units trade under PCAPU; Class A shares (PCAP) and warrants (PCAPW) to list separately."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-25-047495","json":"https://secwatch.observer/filing/0001213900-25-047495.json","markdown":"https://secwatch.observer/filing/0001213900-25-047495.md","text":"https://secwatch.observer/filing/0001213900-25-047495.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2056634/000121390025047495/0001213900-25-047495-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2056634/000121390025047495/ea0243301-8k_procap.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-20T11:49:35.596869+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"24a4dc44a4","claim":"Benjamin Buchanan was appointed as Director at ProCap Acquisition Corp.","evidence_excerpt":"Lindsey Haswell, Michael Gonzalez, and Benjamin Buchanan (the “ New Directors ”) were appointed to the board of directors of the Company","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/2056634/000121390025047495/0001213900-25-047495-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"27884c94d3","claim":"Lindsey Haswell was appointed as Director at ProCap Acquisition Corp.","evidence_excerpt":"Lindsey Haswell, Michael Gonzalez, and Benjamin Buchanan (the “ New Directors ”) were appointed to the board of directors of the Company","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/2056634/000121390025047495/0001213900-25-047495-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"41ab40c0c5","claim":"Michael Gonzalez was appointed as Director at ProCap Acquisition Corp.","evidence_excerpt":"Lindsey Haswell, Michael Gonzalez, and Benjamin Buchanan (the “ New Directors ”) were appointed to the board of directors of the Company","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/2056634/000121390025047495/0001213900-25-047495-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"01214e2d139f384139cf9eadb3957b86aa278c8d","claim":"ProCap Acquisition Corp: Amended and restated memorandum and articles of association filed with Cayman Islands Registrar in connection with IPO (effective 2025-05-15).","evidence_excerpt":"On May 20, 2025, in connection with the IPO, the Company filed its amended and restated memorandum and articles of association (the “ Amended and Restated Memorandum and Articles of Association ”) with the Cayman Islands Registrar of Companies, which was effective on May 15, 2025.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/2056634/000121390025047495/0001213900-25-047495-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2025-05-15"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}