Anthony Pompliano’s Procap recently shared an update on its progress and valuation metrics. Procap has entered into a business combination agreement of $ 1 billion with Columbus Circle Capital Corp 1 (Cccm).
As part of the agreement, Procap has raised over $ 750 million and already added more than $ 500 million to buy Bitcoin
Collects a Treasury of 4,950 BTC. This makes Procap, the 13th largest public owner of Bitcoin globally.
The data and the analysis presented by Pompliano (Mnav) Prizes.
According to Procap’s analysis, the company’s stock is currently on the lowest implicit MNAV prize among a group of Bitcoin Treasury companies, at 1.3x, compared to peers as Cantor Equity Partners (CEP) At 2.2x. This low MNAV multiple suggests that Procap BTC LLC could be underestimated compared to other Bitcoin Treasury companies.
A significant feature of the proposed business combination is the right of redemption for CCCM shareholders. Investors who have the CCCM share from the record date of the special meeting to approve the business combination have the right to redeem their shares for the cash contained in trust.
From the end of CCCM’s original public offerings in May, this Pro Rata Trust value is expected to be about $ 10 per day. Stock. The maximum loss for investors is about 55 cents per year. Share if the confidence value applies at about $ 10 according to Pompliano.
However, if Procap Implicated MNAV -Premium increases to match it from Cantor Equity Partners (2.2x)The Post-Deal Aktie course could reach about $ 17.82 per Stock.
Read more: Anthony Pompliano’s Procap BTC buys $ 128m Bitcoin in 2nd just day with purchase
