Mentioned:
HODL -4.81% HUT -12.17%

There’s a new SPAC preparing to debut on Wall Street. And it’s being led by one of the most well known crypto investors in America.

‍What’s happening:‍

  • Entrepreneur and investor Anthony Pompliano has officially filed a Form S-1 with the United States Securities and Exchange Commission to launch a SPAC on the Nasdaq known as ProCap Acquisition Corp

By the numbers:‍

  • ProCap Acquisition Corp will look to raise $200M USD as part of their listing onto the Nasdaq

Why it matters:‍

  • Anthony Pompliano has risen to enormous cultural popularity in the crypto ecosystem as an early stage investor and also hosts one of the largest podcasts in the world focused on digital assets and startups

Going deeper:‍

  • This is not the first time that Anthony Pompliano has ventured into the traditional public markets, previously joining Hut 8 (NASDAQ: HUT) and Sol Strategies (CSE: HODL) as a strategic advisor
  • Anthony Pompliano has been a notable early stage investor in many prominent crypto startups and also was the co-founder of asset management company Morgan Creek Digital

The fine print:‍

  • It is not yet clear what types of companies ProCap Acquisition Corp will look to merge with or when shares of ProCap Acquisition Corp will ultimately begin trading on the Nasdaq

‍