BTC Development Corp. Announces Pricing of $220,000,000 Initial Public Offering
BTC Development Corp (NASDAQ:BDCIU) has announced the pricing of its $220 million initial public offering, consisting of 22 million units at $10.00 per unit. Each unit includes one Class A ordinary share and one-fourth of one redeemable warrant, with whole warrants exercisable at $11.50 per share.
Trading will commence on September 30, 2025, on the Nasdaq Global Market under "BDCIU". Upon separate trading, shares and warrants will trade under "BDCI" and "BDCIW" respectively. The company has granted underwriters a 45-day option to purchase up to 3.3 million additional units.
As a blank check company, BTC Development Corp aims to pursue business combinations in the bitcoin ecosystem, focusing on companies that can integrate bitcoin into their operations or capital structure. The management team is led by CEO Bracebridge H. Young, Jr., Chairman Betsy Z. Cohen, and Vice-Chairman Jonathan Kirkwood.
BTC Development Corp (NASDAQ:BDCIU) ha annunciato la determinazione del prezzo della sua prima offerta pubblica iniziale da 220 milioni di dollari, composta da 22 milioni di unità a 10,00 dollari per unità. Ogni unità comprende una azione ordinaria di Classe A e un quarto di warrant rimborsabile, con warrant interi esercitabili a 11,50 dollari per azione.
La negoziazione inizierà il 30 settembre 2025 sul Nasdaq Global Market con il ticker BDCIU. In modo separato, azioni e warrant saranno negoziati rispettivamente con i ticker BDCI e BDCIW. La società ha concesso agli underwriter un'opzione di 45 giorni per acquistare fino a 3,3 milioni di ulteriori unità.
In quanto blank check company, BTC Development Corp intende perseguire fusioni/operazioni nel ecosistema bitcoin, concentrandosi su aziende che possano integrare bitcoin nelle loro operazioni o nella loro struttura patrimoniale. Il management è guidato dall'Amministratore Delegato Bracebridge H. Young, Jr., dal Presidente Betsy Z. Cohen e dal Vicepresidente Jonathan Kirkwood.
BTC Development Corp (NASDAQ:BDCIU) ha anunciado el precio de su oferta pública inicial de 220 millones de dólares, que consiste en 22 millones de unidades a $10,00 por unidad. Cada unidad incluye una acción ordinaria de Clase A y una cuarta parte de un warrant redimible, con warrants enteros ejercitables a $11,50 por acción.
La negociación comenzará el 30 de septiembre de 2025 en el Nasdaq Global Market bajo el ticker BDCIU. En trading separado, las acciones y los warrants se negociarán con los tickers BDCI y BDCIW, respectivamente. La compañía ha otorgado a los suscriptores una opción de 45 días para comprar hasta 3,3 millones de unidades adicionales.
Como empresa de cheques en blanco, BTC Development Corp tiene como objetivo buscar fusiones en el ecosistema de bitcoin, enfocándose en empresas que puedan integrar bitcoin en sus operaciones o estructura de capital. El equipo directivo está liderado por el CEO Bracebridge H. Young, Jr., el Presidente Betsy Z. Cohen y el Vicepresidente Jonathan Kirkwood.
BTC Development Corp (NASDAQ:BDCIU)가 2억2000만 달러의 기업공개(IPO) 가격를 발표했습니다. 총 2200만 유닛으로 구성되며, 유닛당 가격은 $10.00입니다. 각 유닛은 A클래스 보통주 1주와 하나의 상환 가능한 워런트의 1/4를 포함하며, 전체 워런트는 주당 $11.50에 행사 가능합니다.
거래는 2025년 9월 30일부터 Nasdaq Global Market에서 BDCIU로 시작됩니다. 별도 거래로 주식과 워런트는 각각 BDCI 및 BDCIW로 거래됩니다. 회사는 주간사들에게 최대 330만 유닛의 추가 매입 옵션을 45일 간 부여했습니다.
블랭크 체크 기업으로서 BTC Development Corp는 비트코인 생태계에서의 기업 인수합병을 추진하며, 비트코인을 사업운영이나 자본구조에 통합할 수 있는 기업에 초점을 맞춥니다. 경영진은 CEO Bracebridge H. Young, Jr., 회장 Betsy Z. Cohen, 부회장 Jonathan Kirkwood가 이끕니다.
BTC Development Corp (NASDAQ:BDCIU) a annoncé le prix de son offre publique initiale de 220 millions de dollars, composée de 22 millions d’unités à 10,00 dollars par unité. Chaque unité comprend une action ordinaire de Classe A et un quart d’un warrant rachetable, les warrants entiers étant exercables à 11,50 dollars par action.
La négociation débutera le 30 septembre 2025 sur le Nasdaq Global Market sous le ticker BDCIU. En négociation séparée, les actions et les warrants seront négociés respectivement sous les tickers BDCI et BDCIW. La société a accordé aux souscripteurs une option de 45 jours pour acheter jusqu’à 3,3 millions d’unités supplémentaires.
En tant que société écran, BTC Development Corp vise à rechercher des combinaisons d’affaires dans l’écosystème Bitcoin, en se concentrant sur des entreprises pouvant intégrer Bitcoin dans leurs opérations ou leur structure de capital. L’équipe de direction est dirigée par le PDG Bracebridge H. Young, Jr., le Président Betsy Z. Cohen et le Vice‑Président Jonathan Kirkwood.
BTC Development Corp (NASDAQ:BDCIU) hat den Preis seines IPO in Höhe von 220 Mio. USD bekannt gegeben, das aus 22 Millionen Einheiten zu 10,00 USD pro Einheit besteht. Jede Einheit enthält eine Klasse-A-Aktie und ein Viertel einer rückkaufbaren Warrant, wobei ganze Warrants zu 11,50 USD pro Aktie ausübbar sind.
Der Handel beginnt am 30. September 2025 am Nasdaq Global Market unter der Bezeichnung BDCIU. Separat gehandelt werden Aktien und Warrants unter den Symbolen BDCI bzw. BDCIW gehandelt. Das Unternehmen hat den Underwritern eine 45-tägige Option eingeräumt, bis zu 3,3 Millionen zusätzliche Einheiten zu erwerben.
Als Blankoscheck-Unternehmen strebt BTC Development Corp Fusionen im Bitcoin-Ökosystem an und konzentriert sich auf Unternehmen, die Bitcoin in ihre Betriebe oder Kapitalstruktur integrieren können. Das Management wird geleitet von CEO Bracebridge H. Young, Jr., dem Chairman Betsy Z. Cohen und dem Vice-Chairman Jonathan Kirkwood.
BTC Development Corp (NASDAQ:BDCIU) قد أعلنت عن تسعير عرضها العام الأولي بقيمة 220 مليون دولار، الذي يتألف من 22 مليون وحدة بسعر 10.00 دولارات للوحدة. كل وحدة تتضمن سهماً عاديّاً من الفئة A وربْع واحد من ضمان قابل للاسترداد، مع استحقاق الضمانات الكاملة عند 11.50 دولاراً للسهم.
سيبدأ التداول في 30 سبتمبر 2025 في Nasdaq Global Market تحت الرمز الشريطي BDCIU. وسيتم التداول بشكل منفصل عن الأسهم والضمانات تحت الرمزين BDCI وBDC IW على التوالي. منحت الشركة المكتتبين خياراً لمدة 45 يوماً لشراء حتى 3.3 مليون وحدة إضافية.
بوصفها شركة فحص فارغة، تعتزم BTC Development Corp متابعة عمليات اندماج في نظام بيتكوين البيئي، مع التركيز على الشركات التي يمكنها دمج بيتكوين في عملياتها أو هيكلها الرأسمالي. يقود الفريق الإداري المدير التنفيذي Bracebridge H. Young, Jr.، والرئيس Betsy Z. Cohen، ونائب الرئيس Jonathan Kirkwood.
BTC Development Corp (NASDAQ:BDCIU) 已宣布其< b>2.2亿美元首次公开发行（IPO）定价，包括22,000,000单位，单价为10.00美元/单位。每单位包含一股A类普通股和四分之一份可赎回认股权证，整份认股权证可按每股11.50美元行使。
交易将于2025年9月30日在纳斯达克全球市场以BDCIU为代码开始交易。单独交易时，股票和认股权证分别以BDCI和BDCIW交易。公司已给予承销商45天的选择权，最多可购买额外的330万单位。
作为一家空白支票公司，BTC Development Corp旨在在比特币生态系统中寻求并购，重点关注能够将比特币整合到其运营或资本结构的公司。管理团队由首席执行官Bracebridge H. Young, Jr.、董事长Betsy Z. Cohen和副主席Jonathan Kirkwood领导。
- Substantial IPO size of $220 million indicates strong initial capital base
- Management team brings extensive experience in bitcoin ecosystem and financial services
- Underwriters' over-allotment option of 3.3M units provides additional funding flexibility
- Strategic focus on bitcoin ecosystem opportunities aligns with growing digital asset market
- Blank check company structure carries inherent uncertainty about future acquisition targets
- No guaranteed timeline for completing a business combination
- Warrant dilution potential when exercised at $11.50 per share
- Success heavily dependent on management's ability to identify and execute suitable deals
Insights
BTC Development Corp's $220M SPAC IPO targets bitcoin ecosystem opportunities with experienced leadership from Cohen & Young.
BTC Development Corp (NASDAQ: BDCIU) has priced its IPO at
This is a SPAC (Special Purpose Acquisition Company) IPO, meaning BTC Development Corp is a blank check company formed specifically to identify and merge with an existing business. The SPAC's management team indicates a primary focus on the bitcoin ecosystem, looking for companies that either operate within this space or could potentially integrate bitcoin into their operations or balance sheets.
The SPAC has notable leadership, with Bracebridge H. Young, Jr. as CEO, Betsy Z. Cohen as Chairman, and Jonathan Kirkwood as Vice-Chairman. Cohen has significant experience in the SPAC market, having been involved with numerous successful blank check companies in the fintech space. The offering's joint book-running managers are Cohen & Company Capital Markets and Keefe, Bruyette & Woods (a Stifel Company).
Trading of the units began on September 30, 2025, under the symbol "BDCIU." Once the securities begin trading separately, the Class A shares and warrants will trade under "BDCI" and "BDCIW" respectively. The IPO is expected to close on October 1, 2025, subject to customary conditions.
PHILADELPHIA, PA, Sept. 30, 2025 (GLOBE NEWSWIRE) -- BTC Development Corp (NASDAQ:BDCIU) (the “Company”) today announced the pricing of its initial public offering of 22,000,000 units at a price of
The Company is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company may pursue an acquisition opportunity in any business or industry or at any stage of its corporate evolution. The Company’s primary focus, however, will be to identify companies in industries that complement its management team’s background, and to capitalize on the ability of its management team to identify and acquire a business, focusing on companies that provide opportunities for attractive risk-adjusted returns in the bitcoin ecosystem and/or that the Company believes have the potential to integrate bitcoin into their capital structures, balance sheets and/or operations. The management team is led by Bracebridge H. Young, Jr., its President and Chief Executive Officer, Betsy Z. Cohen, its Chairman of the Board of Directors, and Jonathan Kirkwood, its Vice-Chairman of the Board of Directors.
Cohen & Company Capital Markets, a division of Cohen & Company’s broker-dealer subsidiary, Cohen & Company Securities, LLC, and Keefe, Bruyette & Woods, A Stifel Company, are serving as the joint book-running managers for the offering. The Company has granted the underwriter a 45-day option to purchase up to an additional 3,300,000 units at the initial public offering price to cover over-allotments, if any.
A registration statement relating to the units and the underlying securities was declared effective by the Securities and Exchange Commission on September 29, 2025. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
The offering is being made only by means of a prospectus, copies of which may be obtained by contacting Cohen & Company Capital Markets, 3 Columbus Circle, 24th Floor, New York, NY 10019, Attention: Prospectus Department, or by email at: capitalmarkets@cohencm.com, or by contacting Keefe, Bruyette & Woods, A Stifel Company by telephone at (800) 966-1559 or by e-mail at: USCapitalMarkets@kbw.com, or from the SEC website at www.sec.gov.
This press release contains statements that constitute “forward-looking statements,” including with respect to the initial public offering. No assurance can be given that such offering will be completed on the terms described, or at all. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the offering filed with the Securities and Exchange Commission. The Company undertakes no obligation to update these statements for revisions or changes after the date of this press release, except as required by law.
Contact Information:
BTC Development Corp.
info@cohencircle.com
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