- Business
- ProCap Acquisition Corp is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company focuses primarily on targets in the financial technology sector, including digital asset infrastructure, blockchain-enabled services and regtech; it may pursue opportunities in any business or industry or at any stage of corporate evolution. Founded on January 2, 2025, ProCap Acquisition Corp is headquartered in New York, NY, and operates as a Cayman Islands exempted company with its Class A ordinary shares and warrants trading on the Nasdaq Global Market under the symbols PCAP and PCAPW, respectively. The company completed an upsized initial public offering in May 2025, raising $250 million by issuing 25 million units at $10.00 each, including the full exercise of the underwriters' over-allotment option; separate trading of shares and warrants commenced on July 11, 2025. ProCap Acquisition Corp has not yet announced a definitive business combination target as of late 2025, and its management team, led by CEO Anthony J. Pompliano III and CFO Catalina Abbey, continues to evaluate potential acquisitions in the United States and related geographic markets.