Company: PCAP
Filing Date: 2025-05-13
Form Type: S-1/A
Source: 0001213900-25-042690
Chunk: 317

Company: ProCap Acquisition Corp
Filing Date: 2025-05-13
Form: S-1/A
Chunk 317
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10, 2025               |     |       5,750,000 |     | $      | 575 |     | $          | 24,425 |     | $           | (14,355 | ) |     | $             |  10,645 |   |

____________ (1)Includes up to 750,000 Class B ordinary shares subject to forfeiture if the over -allotmentoption is not exercised in full or in part by the underwriters (see Note 7). The accompanying notes are an integral part of the financial statements.

F-5

ProCap Acquisition Corp
STATEMENT OF CASH FLOWS

|                                                                           |     | For the     
 Period from 
 January 2,  
 2025        
 (Inception) 
 Through     
 January 10, 
 2025        |         |   |
|:--------------------------------------------------------------------------|:----|:------------|--------:|:--|
| Cash flows from operating activities:                                     |     |             |         |   |
| Net loss                                                                  |     | $           | (14,355 | ) |
| Payment of operating expenses through promissory note – related party     |     |             |  10,420 |   |
| Changes in operating assets and liabilities:                              |     |             |         |   |
| Accrued expenses                                                          |     |             |   3,935 |   |
| Net cash used in operating activities                                     |     |             |       — |   |
| Net change in cash                                                        |     |             |       — |   |
| Cash, beginning of the period                                             |     |             |       — |   |
| Cash, end of the period                                                   |     | $           |       — |   |
| Noncash investing and financing activities:                               |     |             |         |   |
| Prepaid expenses paid in exchange for issuance of Class B ordinary shares |     | $           |  25,000 |   |
| Deferred offering costs included in accrued offering costs                |     | $           |  79,680 |   |

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

F-6 ProCap Acquisition Corp
NOTES TO FINANCIAL STATEMENTS Note 1 — Organization and Business Operations ProCap Acquisition Corp (the “Company”) is a blank check company incorporated as a Cayman Islands exempted corporation on January 2, 2025. The Company was incorporated for the purpose of effecting a merger,