SCHEDULE: Centiva Capital Discloses 5.58% Stake in ProCap Acquisition

Centiva Capital, LP and its general partner have reported a beneficial ownership of 5.58% in ProCap Acquisition Corp's Class A ordinary shares.

Summary

• Centiva Capital, LP and Centiva Capital GP, LLC (collectively, the "Reporting Persons") have filed a Schedule 13G, disclosing their beneficial ownership in ProCap Acquisition Corp.
• The Reporting Persons beneficially own 1,420,000 Class A ordinary shares of ProCap Acquisition Corp.
• This ownership represents 5.58% of the 25,430,000 Class A ordinary shares outstanding as of November 7, 2025, as reported in the Issuer's Quarterly Report on Form 10-Q filed on November 10, 2025.
• The shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of ProCap Acquisition Corp.
• Centiva Capital, LP and Centiva Capital GP, LLC share both voting and dispositive power over all 1,420,000 beneficially owned shares.

Sentiment

Score: 6

Explanation: The disclosure of a significant institutional stake (over 5%) is generally a positive signal, indicating investor confidence. However, as a passive investment, it doesn't imply active engagement to influence control, limiting its immediate impact on company strategy.

Positives

• A significant institutional investor, Centiva Capital, has taken a substantial stake (5.58%) in ProCap Acquisition Corp, which may signal confidence in the company's prospects or its potential merger target.

Negatives

• No explicit negatives are disclosed in this beneficial ownership report.

Risks

• The filing itself does not detail specific risks related to ProCap Acquisition Corp's operations or financial health. It only states the nature of Centiva Capital's investment as passive.

Future Outlook

The filing does not contain any forward-looking statements or guidance from ProCap Acquisition Corp or the reporting persons regarding the issuer's future performance or strategic direction.

Management Comments

• The filing does not include notable quotes or paraphrased statements from company management of ProCap Acquisition Corp. Alan Weiss, General Counsel and Chief Compliance Officer for Centiva Capital, LP and Centiva Capital GP, LLC, signed the filing.

Industry Context

ProCap Acquisition Corp is a Special Purpose Acquisition Company (SPAC). The disclosure of a significant stake by an institutional investor like Centiva Capital is a common occurrence in the SPAC lifecycle, often reflecting investor interest in the SPAC's potential merger target or its current valuation.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional investor may instill confidence and potentially attract further investment, positively impacting share price stability.
• Management: Awareness of a large passive institutional holder may influence management's strategic decisions, though Centiva Capital has stated no intent to influence control.

Next Steps

• The filing does not specify any future actions, events, or milestones for ProCap Acquisition Corp or the reporting persons beyond the regulatory requirement to update beneficial ownership if changes occur.

Key Dates

Keywords

ProCap Acquisition Corp, Centiva Capital, Schedule 13G, Beneficial Ownership, Class A ordinary shares, G7257A105, Institutional Investment, SPAC