Company: PCAP
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001213900-25-074297
Chunk: 1

Company: ProCap Acquisition Corp
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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75,000 Class B
ordinary shares subject to forfeiture if the remainder of the over-allotment option is not exercised in full or in part by the underwriters
(see Note 5). The remaining founder shares were forfeited on July 6, 2025, the expiration date of the over-allotment option, as
the over-allotment option remained unexercised (see Note 9). 

The accompanying notes are an integral part of
the unaudited financial statements.

1

PROCAP ACQUISITION CORP

STATEMENTS OF OPERATIONS

(UNAUDITED)

    For the Three Months Ended June 30, 2025  
    For the period from January 2, 2025 (Inception) Through  June 30, 2025 
  
    General and administrative costs 
    $133,531  
    $203,550 
  
    Loss from Operations 
     (133,531) 
     (203,550)

    Other income: 

    Change in fair value of over-allotment option liability 
     14,188  
     14,188 
  
    Interest earned on cash held in Trust Account 
     1,114,608  
     1,114,608 
  
    Total other income 
     1,128,796  
     1,128,796 

    Net income 
    $995,265  
    $925,246 

    Basic weighted average shares outstanding of Class A ordinary shares subject to possible redemption 
     10,833,333  
     5,446,927 
  
    Basic net income per ordinary share, Class A ordinary shares subject to possible redemption 
    $0.06  
    $0.08 
  
    Diluted weighted average shares outstanding of Class A ordinary shares subject to possible redemption 
     10,833,333  
     5,446,927 
  
    Diluted net income per ordinary share, Class A ordinary shares subject to possible redemption 
    $0.06  
    $0.08 
  
    Basic weighted average shares outstanding of Class A and Class B ordinary shares not subject to possible redemption(1) 
     6,011,333  
     5,542,011 
  
    Basic net income per ordinary share, Class A and Class B ordinary shares not subject to possible redemption 
    $0.06