---
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"
generated_at: "2026-05-20T11:49:35.596869+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# ProCap Acquisition Corp closes upsized $250M IPO; units trade on Nasdaq

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 3.02, 5.02, 5.03, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-047495
- JSON: https://secwatch.observer/filing/0001213900-25-047495.json
- Plain text: https://secwatch.observer/filing/0001213900-25-047495.txt

## Key facts
- Executive change
  Benjamin Buchanan was appointed as Director at ProCap Acquisition Corp.
  - Action: appointed
  - Role: Director
  source text: Lindsey Haswell, Michael Gonzalez, and Benjamin Buchanan (the “ New Directors ”) were appointed to the board of directors of the Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/2056634/000121390025047495/0001213900-25-047495-index.htm
- Executive change
  Lindsey Haswell was appointed as Director at ProCap Acquisition Corp.
  - Action: appointed
  - Role: Director
  source text: Lindsey Haswell, Michael Gonzalez, and Benjamin Buchanan (the “ New Directors ”) were appointed to the board of directors of the Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/2056634/000121390025047495/0001213900-25-047495-index.htm
- Executive change
  Michael Gonzalez was appointed as Director at ProCap Acquisition Corp.
  - Action: appointed
  - Role: Director
  source text: Lindsey Haswell, Michael Gonzalez, and Benjamin Buchanan (the “ New Directors ”) were appointed to the board of directors of the Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/2056634/000121390025047495/0001213900-25-047495-index.htm
- Governance Changes
  ProCap Acquisition Corp: Amended and restated memorandum and articles of association filed with Cayman Islands Registrar in connection with IPO (effective 2025-05-15).
  - Change: charter amendment
  - Effective: 2025-05-15
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/2056634/000121390025047495/0001213900-25-047495-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.