From Cointelegraph

May 21, 2025 9:40 pm:

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. The company boosted its IPO from $200 million to $220 million, pricing 22 million shares at $10 each. ProCap shares closed the May 21 trading day up 7% at $10.70. Source: Yahoo Finance. ProCap has offered underwriters a 45-day option to buy up to 3.3 million additional shares to cover extra demand. The company plans to invest in financial services, digital asset, asset management or healthcare sectors. Pompliano is known for hosting a Bitcoin and finance-focused podcast and leading investment firm Professional Capital Management. He plans to invest in crypto-native and traditional finance businesses as he expects the sectors to converge in the coming years. Pompliano has put “millions of dollars” of his own money on the line and has a “huge reputation risk” in the venture. Brent Saunders, CEO of health products firm Bausch + Lomb, also joined as a strategic adviser. Saunders completed over $300 billion worth of mergers and acquisitions over the last 17 years.

Read more at Cointelegraph: Pompliano-led crypto-focused SPAC gains 7% on Nasdaq after upsized IPO