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Anthony Pompliano, a crypto investor and media figure, is working to take his influence to the public markets.
He has launched ProCap Acquisition Corp., a special-purpose company, which has filed with the US Securities and Exchange Commission to raise $200 million through an initial public offering (IPO).
If approved, ProCap will be listed on the Nasdaq with the symbol PCAPU. Each $10 investment unit will include one Class A share and one-third of a warrant, which can later be used to buy another share if ProCap merges with another company.
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ProCap plans to search for a business to acquire in three main areas: financial services, fintech, and digital assets.
Pompliano previously worked as a product lead at Facebook and helped start Morgan Creek Digital, a crypto-focused investment firm. Currently, he leads Professional Capital Management, which uses his popular newsletter, podcast, and social media accounts to attract both investors and business opportunities.
ProCap’s official filing mentioned that Pompliano's large online following will be used to support whichever company it merges with.
So far, ProCap has not chosen a company to buy. However, it plans to look for a business with strong growth, clear competitive advantages, and one that could benefit from public investment and more access to capital.
Meanwhile, Tether, the company behind USDT
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