PCAPU

ProCap Acquisition Corp units are securities that combine one share of common stock with a fraction of a redeemable warrant. Each unit typically represents the right to receive common stock and warrants upon the completion of a business combination or under certain other circumstances. Units trade separately from the underlying common stock and warrants until the company completes its initial business combination or under other specified conditions. Investors purchase units as a way to participate in the SPAC structure with built-in warrant exposure.