Crypto advocate Anthony Pompliano's fintech-focused blank-check company, ProCap Acquisition Corp (PCAPU), surged 7% on its Nasdaq debut following a last-minute increase in its initial public offering. ProCap raised its IPO from $200 million to $220 million on May 20, pricing its 22 million shares at $10 each. The stock closed at $10.70 on May 21, rising further to $10.87 after hours. ProCap granted underwriters the option to purchase 3.3 million additional shares to meet demand. Pompliano, known for his Bitcoin podcast, aims to invest in financial services, digital assets, and healthcare sectors. Despite concerns about SPACs, Pompliano defended his choice, emphasizing his personal investment and reputation at stake. With industry veteran Brent Saunders as an adviser, ProCap signals a bullish outlook on crypto and traditional finance convergence. Read more AI-generated news on: https://app.chaingpt.org/news

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