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ProCap Acquisition Corp Announces the Pricing of Upsized $220,000,000 Initial Public Offering
- On May 20, 2025, in New York, ProCap Acquisition Corp revealed the final details for its increased initial public offering, setting the price at $10.00 per unit for a total of 22 million units.
- The offering follows the Company's creation as a blank check entity aiming to finalize a merger or acquisition with a well-established company operating in the middle market sector.
- Each unit is composed of a single Class A ordinary share combined with one-third of a redeemable warrant, where a full warrant grants the option to buy one Class A ordinary share at $11.50, subject to adjustments.
- The units will begin trading on Nasdaq under the ticker 'PCAPU' on May 21, 2025, with Class A shares and warrants expected to trade separately as 'PCAP' and 'PCAPW'.
- The offering is subject to customary closing conditions and includes a 45-day underwriter option to purchase up to 3,300,000 additional units at the IPO price for over-allotments.
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ProCap Acquisition Corp Announces the Pricing of Upsized $220,000,000 Initial Public Offering
NEW YORK, May 20, 2025 /PRNewswire/ -- ProCap Acquisition Corp (the "Company") announced today the pricing of its upsized initial public offering of 22,000,000 units at a price of $10.00 per unit. The units are expected to be listed on…
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