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
$0.9986
, recently raised its stake in Juventus Football Club to over 10%. What led to this decision? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
