Company: PCAP
Filing Date: 2025-04-11
Form Type: DRS/A
Source: 0001213900-25-030769
Chunk: 29

Company: ProCap Acquisition Corp
Filing Date: 2025-04-11
Form: DRS/A
Chunk 29
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, on an as-converted basis, 20% of sum of the issued Class A ordinary shares, determined as discussed elsewhere in this prospectus. Additionally, if we increase or decrease the size of the offering, we will effect a share capitalization or a share repurchase or redemption or other appropriate mechanism, as applicable, with respect to our Class B ordinary shares immediately prior to the consummation of this offering in such amount as to maintain the number of founder shares at 20% of our issued and outstanding ordinary shares upon the consummation of this offering. |     | Issuance of the Class A ordinary shares issuable in connection with the conversion of the founder shares on a greater than one-to-one basis upon conversion; increase or decrease of the Class B ordinary shares if the size of the offering is increased or decreased |
| ProCap Acquisition Sponsor, LLC, our officers, directors or advisors, or our or their affiliates |     | Finder’s fees, advisory fees, consulting fees or success fees(2)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |     | Any services in order to effectuate the completion of our initial business, which, if made prior to the completion of our initial business combination, will be paid from funds held outside the trust account                                                         |

____________ (1)Up to 750,000 of the founder shares may be surrendered for no consideration depending on the extent to which the underwriters’ over -allotmentoption is exercised. (2)As of the date of this prospectus, no such arrangements are currently in place. Because our sponsor acquired the founder shares at a nominal price ($0.004 per share), our public shareholders will incur immediate and substantial dilution upon the closing of this offering, assuming no value is ascribed to the warrants included in the units. Further, the Class A ordinary shares issuable in connection with the conversion of the founder shares may result in material dilution to our public shareholders due to the anti -dilutionrights of our founder shares that may result in an issuance of Class A ordinary shares on a greater than one -to -onebasis upon conversion. Additionally, our public shareholders may experience dilution from the 430,000 private placement units to be purchased by our sponsor simultaneously with the closing of this offering as well as conversion of any working capital loans into equity, if elected by the sponsor or by another person or entity who made such working capital loans.

11 See the sections titled “ Risk Factors — Risks Relating to our Securities — The nominal purchase price paid