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.
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Terms Tracker for the Week Ending June 20, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. Two more SPACs priced IPOs this week, one each from Cohen and Cantor. That brings June’s IPO count to five and the 2025 year-to-date tally...
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