ProCap Acquisition, a blank check company led by the founder of investment firm Professional Capital Management, filed on Wednesday with the SEC to raise up to $200 million in an initial public offering.
The New York, NY-based company plans to raise $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50.
ProCap Acquisition is led by CEO and Director Anthony Pompliano III, the founder and CEO of global investment firm Professional Capital Management. The SPAC plans to target the financial services industry, focusing on businesses in the US.
ProCap Acquisition was founded in 2025 and plans to list on the Nasdaq under the symbol PCAPU. The company filed confidentially on February 20, 2025. BTIG is the sole bookrunner on the deal.
