BTC Development Corp. (NASDAQ: BDCIU) has announced the pricing of its initial public offering, raising $220 million through the sale of 22 million shares at $10 each. Trading on the Nasdaq Global Market is set to commence on September 30th. Each unit in the offering includes one Class A common share and one-quarter of a redeemable warrant, with a full warrant exercisable at $11.50. The units will trade under the symbols "BDCI" and "BDCIW."
The underwriters have a 45-day option to purchase up to an additional 3.3 million shares to cover over-allotments. The offering is expected to close on October 1st. BTC Development Corp. is a special purpose acquisition company (SPAC) targeting mergers and acquisitions within the Bitcoin ecosystem.
BTC Development Corp. Prices $220 Million IPO on Nasdaq
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