ProCap Acquisition Corp closes $250M IPO of 25M units at $10/unit, plus $4.3M PIPE

ProCap Acquisition Corp

IPO of 25,000,000 units (incl. 3M over-allotment) at $10/unit for gross proceeds of $250,000,000.
Private placement of 430,000 units to sponsor at $10/unit, raising $4,300,000.
Trust account funded with $250,000,000 ($10.00 per unit), including $11,250,000 deferred underwriting fee.
Cash of $1,488,128 and working capital of $1,394,982 as of May 22, 2025.
Company has 24 months from IPO to complete an initial business combination.

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