Company: PCAP
Filing Date: 2025-02-20
Form Type: DRS
Source: 0001213900-25-015424
Chunk: 18

Company: ProCap Acquisition Corp
Filing Date: 2025-02-20
Form: DRS
Chunk 18
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 ability to identify the characteristics of successful business leaders, and effective in engaging with these management teams. In addition, key members of our team have more recently been investing in many founder -ledbusinesses. • History of operating experience: The members of our team are seasoned operators having held executive level roles in various companies. We have experience in developing and executing strategy, building and retaining teams, and executing mergers, acquisitions and business combinations among other activities. • Deep network and connections to company founders: Our team has many connections to company founders and business leaders across sectors within the financial services industry. We have invested in many companies, served on many boards and have worked with many influential founders and senior management teams within the financial services industry, and specifically the sectors we intend to initially focus on. • Prior SPAC Experience: Our Special Advisor, Brent Saunders, was the CEO and Chairman of Vesper Healthcare Acquisition Corp. which completed its business combination with The Beauty Health Company (NASDAQ: SKIN) in May 2021. The transaction raised approximately $780 million of capital through a combination of trust retention and common equity PIPE. Investment Criteria We intend to leverage the extensive network and experience of our management team in identifying a suitable target within the financial services industry and structuring a business combination that is attractive to both the target and our public shareholders. We have identified the following general criteria and guidelines that we believe are important in evaluating prospective target businesses. While we intend to use these criteria and guidelines in evaluating prospective businesses, we may deviate from these criteria and guidelines should we see fit to do so: • Clear and Sustainable Competitive Advantages: We intend to target businesses that differentiate themselves from their peers in ways that are difficult to replicate and have clear competitive advantages. 5 • High Growth Potential and Cash Flow: We intend to seek businesses that are well positioned to grow in their respective markets and which have clear plans on how to leverage additional capital to accelerate growth. We expect to target businesses that have had, or expect to have, strong cash flow generation. • Experienced Management Teams: We intend to seek to target businesses that have strong, experienced management teams who we believe may benefit from our financial, managerial and investment expertise as well as our extensive industry networks and insights. We believe that identifying such management teams is particularly important given our target industry. • Attractive Valuations: We intend to only evaluate a business that, based on our due diligence and industry experience, represents an attractive valuation relative to publicly listed companies with similar characteristics or in similar industry segments. • Will Benefit from