BTC Development Corp. (NASDAQ: BDCIU) has successfully raised $253 million through its initial public offering, selling 25.3 million units at $10 each—this includes the full exercise of the underwriters’ over-allotment option.
Trading under the symbol BDCIU, each unit consists of one Class A ordinary share plus one-quarter of a redeemable warrant. Each full warrant enables the holder to purchase an additional Class A share at $11.50.
Proceeds from the IPO have been deposited into a trust account for the benefit of public shareholders, reflecting the standard SPAC (blank-check) structure. The company now has capital ready to pursue acquisitions or business combinations, with a focus on the Bitcoin ecosystem or ventures that integrate Bitcoin into operations.#BTC125Next? #TRUMP 