Company: PCAP
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001213900-25-074297
Chunk: 2

Company: ProCap Acquisition Corp
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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 $0.08 
  
    Diluted weighted average shares outstanding of Class A and Class B ordinary shares not subject to possible redemption 
     6,436,333  
     6,099,274 
  
    Diluted net income per ordinary share, Class A and Class B ordinary shares not subject to possible redemption 
    $0.06  
    $0.08 

  (1) Excludes up to 75,000 Class
B ordinary shares that were 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.

2

PROCAP ACQUISITION CORP

STATEMENT OF CHANGES IN SHAREHOLDERS’
DEFICIT

FOR THE PERIOD FROM JANUARY 2, 2025 (INCEPTION)
THROUGH JUNE 30, 2025

(UNAUDITED)

    Class A Ordinary Shares  
    Class B Ordinary Shares  
    Additional Paid-in  
    Accumulated  
    Total Shareholders’ 

    Shares  
    Amount  
    Shares  
    Amount  
    Capital  
    Deficit  
    Deficit 
  
    Balance — January 2, 2025 (inception) 
     —  
    $—  
     —  
    $—  
    $—  
    $—  
    $— 

    Class B ordinary shares issued to Sponsor (1) 
     —  
     —  
     6,325,000  
     633  
     24,367  
     —  
     25,000 

    Net loss 
     —  
     —  
     —  
     —  
     —  
     (70,019) 
     (70,019)

    Balance – March 31, 2025 
     —  
    $—  
     6,325,000  
    $633  
    $24,367  
    $(70