Company: PCAP
Filing Date: 2025-05-27
Form Type: 8-K
Source: 0001213900-25-047495
Chunk: 0

Company: ProCap Acquisition Corp
Filing Date: 2025-05-27
Form: 8-K
Item: Item 1.01
Chunk 0
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Item 1.01. Entry into a Material Definitive Agreement.

On May 22, 2025, ProCap Acquisition
Corp (the “ Company”) consummated its upsized initial public offering (“ IPO”), which consisted of
22,000,000 units (the “Units”), including 3,000,000 Units issued pursuant to the partial exercise by the Underwriters
(as defined below) of the over-allotment option. The Units were sold at a price of $10.00 per Unit, generating gross proceeds to the Company
of $250,000,000. Each Unit consists of one Class A ordinary share, par value $0.0001 per share (the “ Class A Ordinary Shares”),
of the Company, and one-third of one redeemable warrant (each, a “ Warrant”) of the Company, with each whole Warrant
entitling the holder thereof to purchase one Class A Ordinary Share for $11.50 per share.