ProCap Acquisition Corp. (PCAPU) upsized its SPAC IPO at pricing to 22.0 million units – up from 20.0 million in the prospectus – and priced the deal at $10.00 per unit, as expected – to raise $220.0 million on Tuesday night, May 20, 2025. Each unit consists of one share and one-third of one redeemable warrant. ProCap Acquisition (PCAPU) opened at $10.90 today – Wednesday, May 21, 2025 – on NASDAQ. This SPAC is incorporated in the Cayman Islands.
BTIG served as the sole underwriter.
ProCap Acquisition, based in New York, said it will search for middle-market target companies. Its management team has experience in financial services technology and FinTech-adjacent industries, asset management and digital assets as well as in the consumer and healthcare sectors.
Anthony Pompliano is the CEO of ProCap Acquisition Corp. He is the founder of Professional Capital Management, where he has served as the CEO since January 2022. Professional Capital Management is a global investment firm backed by leading venture capitalists and business executives, according to the prospectus. Before his investment career, Pompliano ran product and growth teams at Facebook, the prospectus said.
(For more information about these companies, please check the IPO Calendar and the individual IPO Profiles found on the IPOScoop.com website.)
Note: Never trade on proposed symbols. They have been known to change and you might buy something on the OTC Bulletin Board.
To see what time the NASDAQ IPOs are expected to trade, please log in to: NASDAQTrader.com then scroll down to IPO Message.
Disclosure: Nobody on the IPOScoop.com staff has a position in any stocks mentioned above, nor do they trade or invest in IPOs. The IPOScoop.com staff does not issue advice, recommendations or opinions.
Disclaimer: A SCOOP Rating (Wall Street Consensus of Opening-day Premiums) is a general consensus taken, at press time, from Wall Street and investment professionals concerning how well an IPO might perform when it starts trading. The SCOOP Rating does not reflect the opinions of anyone associated with IPOScoop.com. The SCOOP ratings should not be taken as investment advice. The rating merely reflects the opinion of the professionals at the time of publication and is subject to last-minute changes due to market conditions, changes in a specific offering and other factors, such as changes in the proposed offering terms and the shifting of investor interest in the IPO. The information offered is taken from sources we believe to be reliable, but we cannot guarantee the accuracy.
