Quarterly ResultMay 7, 2026, 04:20 PM
ProCap Acquisition Q1 Net Income $1.94M; Trust Account $258.27M
AI Summary
ProCap Acquisition Corp reported a net income of $1.94 million for the three months ended March 31, 2026, primarily driven by $2.16 million in interest earned on its Trust Account. The company's cash held in the Trust Account increased to $258.27 million, with total assets reaching $259.27 million. The blank check company continues its efforts to identify a target for a Business Combination.
Key Highlights
- Net income for the three months ended March 31, 2026, was $1,940,313.
- Cash held in Trust Account increased to $258,266,308 as of March 31, 2026.
- Total Assets amounted to $259,267,367 at the end of the quarter.
- Total Liabilities were $11,390,695 as of March 31, 2026.
- Interest earned on cash held in Trust Account was $2,158,255.
- General and administrative costs for the quarter were $217,942.
- Cash on hand was $886,332 as of March 31, 2026.
- Shareholders' Deficit was $(10,389,636) at quarter-end.