Company: PCAP
Filing Date: 2025-02-20
Form Type: DRS
Source: 0001213900-25-015424
Chunk: 221

Company: ProCap Acquisition Corp
Filing Date: 2025-02-20
Form: DRS
Chunk 221
---
 New York, NY 10022. (2)Interests shown consist solely of founder shares, classified as Class B ordinary shares. Such shares will automatically convert into Class A ordinary shares concurrently with or immediately following the consummation of our initial business combination or earlier at the option of the holder on a one -for -onebasis, subject to adjustment, as described in the section entitled “ Description of Securities.” (3)ProCap Acquisition Sponsor, LLC, our sponsor, is the record holder of such shares. Mr. Pompliano, as the sole member of ProCap Acquisition Sponsor, LLC and holds voting and investment discretion with respect to the ordinary shares held of record by the sponsor. As of the date of this prospectus, no other person has a direct or indirect material interest in our sponsor. Mr. Pompliano disclaims any beneficial ownership of the securities held by ProCap Acquisition Sponsor, LLC other than to the extent of any pecuniary interest they may have therein, directly or indirectly. Immediately after this offering, our initial shareholders will own 20% of the then issued and outstanding ordinary shares (assuming they do not purchase any units in this offering and excluding the Class A ordinary shares underlying the private placement units issued to the sponsor). Prior to the closing of our initial business combination, only holders of our Class B ordinary shares will be entitled to vote on the appointment and removal of directors or continuing the company in a jurisdiction outside the Cayman Islands (including any special resolution required to amend our constitutional documents or to adopt new constitutional documents, in each case, as a result of our approving a

144 transfer by way of continuation in a jurisdiction outside the Cayman Islands). Because of this ownership block, our initial shareholders may be able to effectively influence the outcome of all other matters requiring approval by our shareholders, including the appointment of directors or continuing the company in a jurisdiction outside the Cayman Islands (including any special resolution required to amend our constitutional documents or to adopt new constitutional documents, in each case, as a result of our approving a transfer by way of continuation in a jurisdiction outside the Cayman Islands), and approval of significant corporate transactions including our initial business combination. Our sponsor has committed, pursuant to written agreements, to purchase an aggregate of 430,000 private placement units (regardless of whether the underwriters’ over -allotmentoption is exercised in full), at a price of $10.00 per unit, or $4,300,000, in a private placement that will occur simultaneously with the closing of