SCHEDULE: Harraden Circle Exits ProCap Acquisition Stake

Harraden Circle Investments and its affiliates have filed an amendment to Schedule 13G, reporting they no longer beneficially own more than 5% of ProCap Acquisition Corp's Class A Common Stock.

Summary

• Harraden Circle Investments, LLC and its affiliated entities (Harraden GP, Harraden LLC, Harraden Fund, Harraden Special Op Fund, Harraden Strategic Fund) along with Frederick V. Fortmiller, Jr., have ceased to be beneficial owners of more than five percent of ProCap Acquisition Corp's Class A Common Stock.
• The reporting persons now beneficially own 0 shares, representing 0% of the Class A Common Stock.
• This amendment serves as an exit filing for all listed reporting persons, indicating a complete divestment of their previously reportable stake.
• The event requiring this filing occurred on September 30, 2025.

Sentiment

Score: 5

Explanation: The filing is a factual disclosure of an ownership change, specifically an exit from a previously held position. It does not contain information that inherently indicates a positive or negative sentiment towards the issuer's performance or prospects.

Positives

• NA

Negatives

• NA

Risks

• NA

Future Outlook

No forward-looking statements or guidance are provided in this beneficial ownership filing.

Management Comments

• The securities referred to were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer, nor were they acquired or held in connection with any transaction having that purpose or effect, other than activities solely in connection with a nomination under Rule 14a-11.

Industry Context

This filing represents a standard disclosure of a change in institutional ownership, specifically an exit from a previously reportable stake. Such movements are common in the investment landscape and can reflect portfolio rebalancing, strategic shifts, or a change in outlook on the specific issuer or market conditions. Without further context, it is difficult to ascertain broader industry implications.

Comparison to Industry Standards

• NA

Stakeholder Impact

• Shareholders: The exit of a significant institutional investor could be interpreted by other shareholders as a signal regarding the company's prospects, potentially influencing trading decisions.
• Investment Community: Financial analysts and other institutional investors will note the change in ownership structure, which may factor into their models and recommendations for ProCap Acquisition Corp.

Next Steps

• No specific future actions, events, or milestones are mentioned in this filing.

Key Dates

Keywords

Schedule 13G, Beneficial Ownership, ProCap Acquisition Corp, Harraden Circle Investments, Class A Common Stock, Exit Filing, Institutional Investor, Divestment