Company: PCAP
Filing Date: 2025-05-22
Form Type: 424B4
Source: 0001213900-25-046578
Chunk: 300

Company: ProCap Acquisition Corp
Filing Date: 2025-05-22
Form: 424B4
Chunk 300
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 the units in the open market after pricing that could adversely affect investors who purchase in this offering. A stabilizing bid is a bid for the purchase of units on behalf of the underwriters for the purpose of fixing or maintaining the price of the units. A syndicate covering transaction is the bid for or the purchase of units on behalf of the underwriters to reduce a short position incurred by the underwriters in connection with the offering. Similar to other purchase transactions, the underwriters’ purchases to cover the syndicate short sales may have the effect of raising or maintaining the market price of our units or preventing or retarding a decline in the market price of our units. As a result, the price of our units may be higher than the price that might otherwise exist in the open market. A penalty bid is an arrangement permitting the underwriters to reclaim the selling concession otherwise accruing to a syndicate member in connection with the offering if the units originally sold by such syndicate member are purchased in a syndicate covering transaction and therefore have not been effectively placed by such syndicate member. Neither we, nor any of the underwriters make any representation or prediction as to the direction or magnitude of any effect that the transactions described above may have on the price of our units. The underwriters are not obligated to engage in these activities and, if commenced, may end any of these activities at any time. These transactions may be effected on the NASDAQ, in the over -the -countermarket or otherwise. We estimate that our portion of the total expenses of this offering payable by us will be $, excluding underwriting discounts and commissions. We have agreed to reimburse the underwriters for certain of its out -of -pocketcosts for this offering up to an aggregate reimbursement allowance of $75,000, including, but not limited to, legal fees related to the review by FINRA (not to exceed $15,000) and the expenses of investigations and background checks of our principals not to exceed $2,500 per person (in the case of U.S. jurisdiction) and $3,000 per person (in the case of non -U.S. jurisdictions). In addition, we have agreed to reimburse the underwriters for their expenses incurred with our initial business combination, including the fees and expenses of their legal counsel, not to exceed $400,000 in the aggregate. We have agreed to indemnify the several underwriters against certain liabilities, including liabilities under the Securities Act, or to contribute to payments the underwriters may be required to make because