Company: PCAP
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001213900-25-074297
Chunk: 15

Company: ProCap Acquisition Corp
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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Inception) through June 30, 2025 

    Class A – redeemable  
    Class A and Class B non-redeemable  
    Class A – redeemable  
    Class A and Class B non-redeemable 
  
    Basic net income per ordinary share 

    Numerator: 

    Allocation of net income 
    $640,086  
    $355,179  
    $458,620  
    $466,626 
  
    Denominator: 

    Basic weighted average ordinary shares outstanding 
     10,833,333  
     6,011,033  
     5,446,927  
     5,542,011 
  
    Basic net income per ordinary share 
    $0.06  
    $0.06  
    $0.08  
    $0.08 

    For the Three Months Ended
 June 30, 2025  
    For the period from January 2, 2025
 (Inception) through June 30, 2025 

    Class A – redeemable  
    Class A and Class B non-redeemable  
    Class A – redeemable  
    Class A and Class B non-redeemable 
  
    Diluted net income per ordinary share 

    Numerator: 

    Allocation of net income 
    $624,334  
    $370,931  
    $436,485  
    $488,761 
  
    Denominator: 

    Diluted weighted average ordinary shares outstanding 
     10,833,333  
     6,436,333  
     5,446,927  
     6,099,274 
  
    Diluted net income per ordinary share 
    $0.06  
    $0.06  
    $0.08  
    $0.08 

Derivative Financial Instruments

The Company evaluates its financial instruments
to determine if such instruments are derivatives or contain features that qualify as embedded derivatives in accordance with ASC Topic 815,
“Derivatives and Hedging”. For derivative financial instruments that are accounted for as liabilities, the derivative instrument
is initially recorded at its fair value on the grant date and is then re-valued at each reporting date, with changes in the fair value
reported in the statements