Company: PCAP
Filing Date: 2025-04-30
Form Type: S-1
Source: 0001213900-25-037771
Chunk: 12

Company: ProCap Acquisition Corp
Filing Date: 2025-04-30
Form: S-1
Chunk 12
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 will be offered an opportunity to redeem their public shares; • “founder shares” are to Class B ordinary shares initially purchased by our sponsor in a private placement prior to this offering and the Class A ordinary shares that will be issued upon the automatic conversion of the Class B ordinary shares concurrently with or immediately following the consummation of our initial business combination or earlier at the option of the holders thereof as described herein (for the avoidance of doubt, such Class A ordinary shares will not be “public shares”); • “initial shareholders” are to our sponsor and any other holders of our founder shares immediately prior to this offering; • “Investment Company Act” are to the Investment Company Act of 1940, as amended; • “management” or our “management team” are to our officers and directors; • “ordinary resolution” are to a resolution of the company passed by a simple majority of the votes cast by such shareholders as, being entitled to do so, vote in person or, where proxies are allowed, by proxy at a general meeting of the company, or a resolution approved in writing by all of the holders of the issued shares entitled to vote on such matter (or such lower threshold as may be allowed under the Companies Act from time to time); • “ordinary shares” are to our Class A ordinary shares and our Class B ordinary shares; • “private placement units” are to the private placement units issued to our sponsor in a private placement simultaneously with the closing of this offering; 1 • “public shares” are to Class A ordinary shares sold as part of the units in this offering (whether they are purchased in this offering or thereafter in the open market), and does not include any founder shares; • “public shareholders” are to the holders of our public shares, including our initial shareholders and our management team to the extent our initial shareholders or members of our management team purchase public shares, provided that the each initial shareholder’s or member of our management team’s status as a “public shareholder” will only exist with respect to such public shares; • “Registrar of Companies” are to the Registrar of Companies of the Cayman Islands; • “special resolution” are to a resolution of the company passed by a majority of at least two -thirds (2 / 3) (or such higher approval threshold as specified in the company’s amended and restated memorandum and articles of association) of the votes cast by such shareholders as, being entitled to do so, vote in person or, where proxies are allowed, by proxy at