Anthony Box BrookapI recently shared an update on its progress and evaluation measures. Procap entered a billion billion dollar business combination agreement with Columbus Circle Corp 1 (CCCM).
As part of the deal, Procap raised more than $ 750 million and has already published more than $ 500 million to buy Bitcoin
Collect the cabinet from 4,950 BTC. This makes ProCAP, 13 largest bitcoin general holders.
The data and analyzes provided by Poxordiano come direct (MNAV) Institts.
According to the ProCAP analysis, the company’s shares are currently traded with a minimal mnav premium between a group of Bitcoin Treasury companies, at 1.3X, compared to their peers such as Cantor Equity Partners (CEP) In 2.2x. This multiple MNAV indicates that the ProCAP BTC LLC can be less than their value for other cabinet companies in Bitcoin.
An important feature of the proposed business group is the right to redemption for CCCM shareholders. Investors who hold CCCM shares starting from the registration date for the private meeting to agree to the business group will have the right to recover their shares for the money preserved in confidence.
As of the closure of the initial general offering of CCCM in May, this is expected to be the value of this loyal confidence about $ 10 per share. The maximum investor loss is about 55 cents per share if the value of confidence is about $ 10 according to PoxPiano.
However, if Procap is an implicit MNAV Premium rises to match the Cantor stock partners (2.2x)The post -deal share price can reach about $ 17.82 per share.
publish_date
