Company: PCAP
Filing Date: 2025-04-30
Form Type: S-1
Source: 0001213900-25-037771
Chunk: 327

Company: ProCap Acquisition Corp
Filing Date: 2025-04-30
Form: S-1
Chunk 327
---
 Combination. The Company will bear the expenses incurred in connection with the filing of any such registration statements. Underwriting Agreement The underwriters have a 45 -dayoption from the date of the Proposed Public Offering to purchase up to an additional 3,000,000 units to cover over -allotments, if any. The underwriters will be entitled to a cash underwriting discount of $2,000,000 (1.0% of the gross proceeds of the units offered in the Proposed Public Offering, regardless of whether the underwriters’ over -allotmentoption is exercised in full). Additionally, the underwriters will be entitled to a deferred underwriting discount of $9,000,000 (4.50% of the gross proceeds of the Proposed Public Offering held in the Trust Account), (or up to $10,650,000 in the aggregate if the underwriters’ over -allotmentoption is exercised in full) upon the completion of the Company’s initial Business Combination subject to the terms of the underwriting agreement, but $0.10 per unit of such $0.45 per unit shall be due solely on amounts remaining in the Trust Account following all properly submitted shareholder redemptions in connection with the consummation of the initial Business Combination and $0.05 per unit of such $0.45 per unit shall be allocable by the Company. F-15 ProCap Acquisition Corp
NOTES TO FINANCIAL STATEMENTS Note 7 — Shareholder’s Equity (Deficit) Preference Shares— The Company is authorized to issue a total of 1,000,000 preference shares at par value of $0.0001 each. At January 10, 2025, there were no preferred shares issued or outstanding. Class A Ordinary Shares— The Company is authorized to issue a total of 300,000,000 Class A ordinary shares at par value of $0.0001 each. At January 10, 2025, there were no Class A ordinary shares issued or outstanding. Class B Ordinary Shares— The Company is authorized to issue a total of 30,000,000 Class B ordinary shares at par value of $0.0001 each. On January 9, 2025, the Company issued to the Sponsor, 5,750,000 Class B ordinary shares for $25,000, or approximately $0.004 per share. The founder shares include an aggregate of up to 750,000shares subject to forfeiture if the over -allotment