BTC Development Corp. (BDCIU) successfully completed its initial public offering (IPO) on Nasdaq, raising $253 million. The company issued 25.3 million units, including 3.3 million for over-allotment, priced at $10 per unit. Each unit consists of one Class A common share and one-quarter of a redeemable warrant, with a full warrant exercisable at $11.50. As a special purpose acquisition company (SPAC), BTC Development Corp. aims to pursue mergers and acquisitions within the Bitcoin ecosystem or related sectors.
BTC Development Corp. Raises $253 Million in Nasdaq IPO
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