secwatch.observer — SEC 8-K summary
======================================

Issuer:     ProCap Acquisition Corp (PCAP)
CIK:        0002056634
Form:       8-K
Filed at:   2025-05-30T23:59:59+00:00
Accession:  0001213900-25-049049
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2056634/000121390025049049/0001213900-25-049049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2056634/000121390025049049/ea0243716-8k_procap.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-049049

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer