Company: PCAP
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001213900-25-108209
Chunk: 3

Company: ProCap Acquisition Corp
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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     —  
     —  
     —  
     —  
     (112,795) 
     —  
     (112,795)

    Net income 
     —  
     —  
     —  
     —  
     —  
     995,265  
     995,265 

    Balance – June 30, 2025 
     430,000  
    $43  
     6,325,000  
    $633  
    $—  
    $(9,912,858) 
    $(9,912,182)

    Forfeiture of Founder Shares 
     —  
     —  
     (75,000) 
     (8) 
     8  
     —  
     ― 

    Accretion for Class A ordinary shares to redemption value 
     —  
     —  
     —  
     —  
     (8) 
     (2,592,478) 
     (2,592,486)

    Net income 
     —  
     —  
     —  
     —  
     —  
     2,465,109  
     2,465,109 

    Balance – September 30, 2025 
     430,000  
    $43  
     6,250,000  
    $625  
    $—  
    $(10,040,227) 
    $(10,039,559)

(1)Included
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.

3

PROCAP ACQUISITION CORP

STATEMENT OF CASH FLOWS

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