- BTC Development Corp. **completed its Initial Public Offering (IPO)** on October 1, 2025, selling **25,300,000 units** at **$10.00 per unit**, generating **$253,000,000 in gross proceeds**.  **[2042292_0001213900-25-097023_ea0260340-8k_btcdevelop.htm:1]** **[2042292_0001213900-25-097023_ea026034001ex99-1_btcdevelop.htm:1]** **[2042292_0001213900-25-097023_ea026034001ex99-1_btcdevelop.htm:2]** **[2042292_0001213900-25-097023_ea026034001ex99-1_btcdevelop.htm:9]** 
- Simultaneously, the company completed a **private placement** of **760,000 units** at **$10.00 per unit**, generating **$7,600,000 in gross proceeds**.  **[2042292_0001213900-25-097023_ea0260340-8k_btcdevelop.htm:1]** **[2042292_0001213900-25-097023_ea026034001ex99-1_btcdevelop.htm:2]** **[2042292_0001213900-25-097023_ea026034001ex99-1_btcdevelop.htm:4]** **[2042292_0001213900-25-097023_ea026034001ex99-1_btcdevelop.htm:9]** 
- A total of **$253,000,000** from the net proceeds of the IPO and private placement was **placed in a trust account** established for the benefit of public shareholders.  **[2042292_0001213900-25-097023_ea0260340-8k_btcdevelop.htm:1]** **[2042292_0001213900-25-097023_ea026034001ex99-1_btcdevelop.htm:2]** **[2042292_0001213900-25-097023_ea026034001ex99-1_btcdevelop.htm:6]** 
- The company was incorporated for the purpose of effecting a **business combination** and is classified as an **early stage and emerging growth company**.  **[2042292_0001213900-25-097023_ea026034001ex99-1_btcdevelop.htm:1]** **[2042292_0001213900-25-097023_ea026034001ex99-1_btcdevelop.htm:6]**

BTC Development Corp. Completes Initial Public Offering and Private Placement

- BTC Development Corp. completed its initial public offering (IPO) on **October 3, 2025**, raising **$253,000,000** in gross proceeds.  **[2042292_0001213900-25-096131_ea025928501ex99-2_btc.htm:0]** 
- The IPO involved the sale of **25,300,000 units** at a price of **$10.00 per unit**, which included the full exercise of the underwriters' over-allotment option for **3,300,000 units**.  **[2042292_0001213900-25-096131_ea025928501ex99-2_btc.htm:0]** **[2042292_0001213900-25-096131_ea0259285-8k_btc.htm:1]** 
- Each unit consists of one Class A ordinary share and one-fourth of one redeemable warrant, with each whole warrant exercisable for one Class A ordinary share at **$11.50 per share**.  **[2042292_0001213900-25-096131_ea025928501ex99-2_btc.htm:0]** **[2042292_0001213900-25-096131_ea0259285-8k_btc.htm:1]** 
- The company's units began trading on the Nasdaq Global Market under the ticker symbol **"BDCIU"** on **September 30, 2025**.  **[2042292_0001213900-25-096131_ea025928501ex99-2_btc.htm:0]** **[2042292_0001213900-25-096131_ea025928501ex99-1_btc.htm:0]** 
- **$253,000,000** of the proceeds was placed into a trust account for the benefit of its public shareholders.  **[2042292_0001213900-25-096131_ea025928501ex99-2_btc.htm:0]**

BTC Development (BDCI)