Company: PCAP
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001213900-25-074297
Chunk: 3

Company: ProCap Acquisition Corp
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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,019) 
    $(45,019)

     Accretion for Class A ordinary shares to redemption value 
     —  
     —  
     —  
     —  
     (6,028,196) 
     10,838,104 
     16,866,300

    Sale of Private Placement Units 
     430,000  
     43  
     —  
     —  
     4,299,957  
     —  
     4,300,000 

    Fair Value of Public Warrants at issuance 
     —  
     —  
     —  
     —  
     1,816,667  
     —  
     1,816,667 

    Allocated value of transaction costs to Private Placement Units, Public Warrants and Over-allotment option 
     —  
     —  
     —  
     —  
     (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)

  (1) Includes 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 JUNE 30, 2025

(UNAUDITED)

    Cash Flows from Operating Activities