Advising ProCap Acquisition Corp on $250m NASDAQ IPO

Our Cayman Islands Corporate team acted for ProCap Acquisition Corp, a special purpose acquisition company (SPAC), on its upsized initial public offering of $250m. The offering consisted of 22m units at US$10 per unit and listed on the NASDAQ under the ticker symbol PCAPU.  
 
ProCap’s management team is led by Anthony Pompliano, Chief Executive Officer, board member, and well-known entrepreneur who hosts the "Pomp Podcast" and authors "The Pomp Letter", a widely read daily newsletter focused on business, investing and technology. He is joined by Catalina Abbey as Chief Financial Officer with Brent Saunders serving as an advisor to the company.
 
The Walkers team was led by partner Andrew Barker together with associate Samantha Currie.
 
Reed Smith LLP acted as U.S. counsel to ProCap and BTIG acted as sole bookrunner.