BTC Development Corp. (NASDAQ:BDCIU) announced the pricing of its $220 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “BDCIU”, Tuesday, September 30, 2025.

The new SPAC aims to combine with a target that stands to provide attractive risk-adjusted returns in the Bitcoin ecosystem.

BTC Development’s sponsor team is led by Chairman Betsy Z. Cohen, President and Chief Executive Officer Bracebridge H. Young, Jr, Chief Financial Officer R. Maxwell Smeal, and Vice Chairman Jonathan Kirkwood. Andrew Hohns, Grant Gilliam and Hersh Kozlov will also serve on its Board of Directors.

Total SPAC deal count for 2025 year-to-date is now 97. This offering is expected to close on Wednesday, October 1, 2025.

Cohen & Company Capital Markets and Keefe, Bruyette & Woods are acting as joint book-running manager in the offering. Morgan Lewis & Bockius LLP is serving as Issuer’s Counsel with Ellenoff, Grossman & Schole LLP serving as Underwriter’s Counsel. WithumSmith+Brown serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.