ProCap Acquisition Corp. (NASDAQ:PCAPU) announced the pricing of its upsized $220 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “PCAPU”, Wednesday, May 21, 2025.
The new SPAC aims to mount a broad search for a combination target and hopes to find one with sustainable competitive advantages and high potential for cash flow growth.
ProCap’s management team is led by Chief Executive Officer Anthony J. Pompliano III and Chief Financial Officer Catalina Abbey. The Board is to include Michael Gonzalez, Lindsey Haswell and Ben Buchanan.
Total SPAC deal count for 2025 year-to-date is now 46. This offering is expected to close on Thursday, May 22, 2025.
BTIG is serving as the sole book-running manager for the offering. Reed Smith LLP is serving as Issuer’s Counsel with Kirkland & Ellis LLP serving as Underwriter’s Counsel. MaloneBailey LLP serves as auditor. Odyssey Transfer and Trust Company is acting as trustee.
Lightwave Acquisition Corp. (NASDAQ:LWACU) announced the pricing of its $187.5 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “LWACU”, Wednesday, June 25, 2025. The new SPAC plans to combine with a technology target or another industry that complements its management team’s background. Lightwave’s management team is led...
Oxley Bridge Acquisition Limited (NASDAQ:OBAU) announced the pricing of its $220 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “OBAWU”, Wednesday, June 25, 2025. The Company’s primary focus will be to search globally for a target with operations or prospects focusing on global consumer and technology sectors...
At the SPAC of Dawn The SPAC market has been feeling considerable wind under its sails since the cycle reset last summer, but that does not mean it is smooth sailing for all portions of the process. All three SPACs that held votes yesterday wound up adjourning or postponing them, suggesting that getting through a...
Columbus Circle I (NASDAQ:CCCM) has entered into a definitive agreement to combine with ProCap Financial as part of a raise of about $1 billion in capital for the target company. ProCap aims to build a Bitcoin treasury that will eventually provide the backing for a financial institution providing investment banking services. The combined company is...
At the SPAC of Dawn SPACs have a busy week of votes ahead of them with six special meetings to approve extensions and three to complete business combinations. JVSPAC (NASDAQ:JVSA) is set to kick off the run of deal votes tomorrow as it seeks approval to tie things up with Southeast Asian hospitality chain Hotel101....