other
confidence high
sentiment neutral
materiality 0.10
ProCap Acquisition Corp announces separate trading of Class A shares and warrants starting July 11, 2025
ProCap Acquisition Corp
- Commencing July 11, 2025, holders of ProCap units (PCAPU) may elect to separate them into Class A shares (PCAP) and warrants (PCAPW).
- No fractional warrants will be issued; only whole warrants trade under PCAPW with an exercise price of $11.50 per share.
- Units not separated will continue to trade on Nasdaq under PCAPU; shares and warrants trade under PCAP and PCAPW respectively.
- BTIG acted as sole book-running manager for the offering.
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