SCHEDULE: Centiva Capital Exits ProCap Acquisition Corp Stake

Centiva Capital, LP and Centiva Capital GP, LLC have reported a complete divestment of their Class A ordinary shares in ProCap Acquisition Corp, now holding 0% beneficial ownership.

Summary

• Centiva Capital, LP and Centiva Capital GP, LLC, the reporting persons, have filed an Amendment No. 1 to Schedule 13G for ProCap Acquisition Corp.
• As of September 30, 2025, the reporting persons beneficially own 0 shares of ProCap Acquisition Corp's Class A ordinary shares.
• This represents 0% 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 filing was made under Rule 13d-1(d), which applies when a beneficial owner ceases to hold more than 5% of a class of securities.
• ProCap Acquisition Corp's principal executive offices are located at 600 Lexington Ave, Floor 2, New York, NY 10022.
• The reporting persons' principal business office is 66 Hudson Blvd. E, 56th Floor, New York, NY 10001.

Sentiment

Score: 3

Explanation: The complete divestment by an institutional investor, Centiva Capital, from ProCap Acquisition Corp, as indicated by their 0% beneficial ownership reported in this Schedule 13G Amendment, is generally a negative signal for the issuer. It suggests a lack of confidence or a strategic shift by a significant holder, which could impact investor sentiment.

Negatives

• Centiva Capital, LP and Centiva Capital GP, LLC have completely divested their stake in ProCap Acquisition Corp, now holding 0% of Class A ordinary shares. This could be interpreted as a loss of confidence or a change in investment strategy by a significant institutional investor.

Future Outlook

NA

Industry Context

This filing reflects a change in an institutional investor's position in a Special Purpose Acquisition Company (SPAC) or a company that was formerly a SPAC. Such divestments can sometimes signal a lack of conviction in the company's future prospects or a reallocation of capital by the investor.

Stakeholder Impact

• Shareholders: Existing shareholders might view the divestment by an institutional investor as a negative signal, potentially leading to downward pressure on the stock price.
• Potential Investors: May deter new investors who monitor institutional holdings as a sign of confidence.

Key Dates

Recommendation

The complete divestment by an institutional investor, Centiva Capital, from ProCap Acquisition Corp, as evidenced by their 0% beneficial ownership reported in this Schedule 13G Amendment, is a strong negative signal. While the filing doesn't provide reasons, such an exit by a significant holder often implies a loss of confidence in the company's future prospects or a strategic decision to reallocate capital away from this investment. For a seasoned investor, this event suggests a potential lack of institutional support and could precede further downward pressure on the stock, warranting a "sell" recommendation to mitigate potential losses or reallocate capital to more promising opportunities.

Keywords

ProCap Acquisition Corp, Centiva Capital, Schedule 13G, beneficial ownership, divestment, Class A ordinary shares, SPAC, institutional investor