Pompliano-led crypto-focused SPAC gains 7% on Nasdaq after upsized IPO
Crypto influencer Anthony Pompliano’s fintech-focused blank-check company, ProCap Acquisition Corp (PCAPU), rose 7% on its debut Nasdaq listing after a last-minute upsizing of its initial public offering.
ProCap had boosted its IPO from $200 million to $220 million on May 20, a day before its public launch, pricing its 22 million shares on offer at $10 each.
ProCap shares closed the May 21 trading day up 7% at $10.70, which continued with a 1.6% bump after-hours to $10.87, Yahoo Finance data shows.
The company has offered underwriters a 45-day option to buy up to 3.3 million additional shares at the IPO price to cover extra demand.
ProCap said in an April 30…
