Company: PCAP
Filing Date: 2025-05-22
Form Type: 424B4
Source: 0001213900-25-046578
Chunk: 35

Company: ProCap Acquisition Corp
Filing Date: 2025-05-22
Form: 424B4
Chunk 35
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 and the private placement(1)(5)                 |     |  7,476,333 |

____________ (1)Assumes no exercise of the underwriters’ over -allotmentoption. (2)Founder shares are currently classified as Class B ordinary shares, which shares will automatically convert into Class A ordinary shares concurrently with or immediately following the consummation of our initial business combination or earlier at the option of the holder on a one -for -onebasis, subject to adjustment as described below adjacent to the caption “Founder shares conversion and anti -dilutionrights.” Includes 825,000 that are subject to forfeiture to the extent to which the underwriters’ over -allotmentoption is not exercised. (3)Comprised of 22,000,000 Class A ordinary shares included in the units to be sold in this offering, 430,000 Class A ordinary shares underlying the private placement units to be sold in the private placement, and 5,500,000 Class B ordinary shares (or founder shares). (4)Assumes forfeiture of all 825,000 founder shares. Up to 825,000 founder shares will be forfeited to the extent to which the underwriters’ over -allotmentoption is not exercised. (5)Comprised of 7,333,333 public warrants included in the units to be sold in this offering (assuming no exercise of the underwriters’ over -allotmentoption) and 143,333 warrants underlying the private placement units to be sold in the private placement.

17

| Exercisability:  |     | Each whole warrant offered in this offering is exercisable to purchase one Class A ordinary share. Only whole warrants are exercisable. No fractional warrants will be issued upon separation of the units and only whole warrants will trade.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|                  |     | We have structured each unit to contain one-third of one warrant, with each whole warrant exercisable for one Class A ordinary share, as compared to units issued by some other similar SPACs which contain whole warrants exercisable for one share, in order to reduce the dilutive effect of the warrants upon completion of a business combination as compared to units that each contain a whole warrant to purchase one share, thus making us, we believe, a more attractive business combination partner for target businesses.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| Exercise price:  |     | $11.50 per