ProCap Acquisition Corp
For the period ended Mar 31, 2025. Filed Jul 3, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed Jul 3, 2025
PCAP$10.42-0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Balance Sheet as of March 31, 2025 (Unaudited)
BALANCE SHEET
| Assets | |
|---|---|
| Current assets | |
| Prepaid expenses | $25,000 |
| Deferred offering costs | 219,209 |
| Total Current Assets | $244,209 |
| Liabilities and Shareholder’s Deficit | |
| Current Liabilities | |
| Accrued offering costs | $179,209 |
| Accrued expenses | 9,124 |
| Promissory note - related party | 100,895 |
| Total Current Liabilities | 289,228 |
| Commitments and Contingencies (Note 6) | |
| Shareholder’s Deficit | |
| Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding | — |
| Class A ordinary shares, $0.0001 par value; 300,000,000 shares authorized; none issued or outstanding | — |
| Class B ordinary shares, $0.0001 par value; 30,000,000 shares authorized; 6,325,000 shares issued and outstanding(1)(2) | 633 |
| Additional paid-in capital | 24,367 |
| Accumulated deficit | (70,019) |
| Total Shareholder’s Deficit | (45,019) |
| Total Liabilities and Shareholder’s Deficit | $244,209 |
| (1) | On May 20, 2025, the Company effected a share recapitalization pursuant to which the Company issued an additional 575,000 founder shares to the Sponsor for no additional consideration, resulting in the Sponsor holding an aggregate 6,325,000 founder shares issued and outstanding. All share and per share data has been retroactively presented (see Note 5 and Note 9). |
| (2) | Includes up to 825,000 Class B ordinary shares that were subject to forfeiture if the over-allotment option was not exercised in full or in part by the underwriters (see Note 5). |
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