BTC Development Corp. Announces Pricing of $220,000,000 Initial Public Offering

Group 1 - The Company, BTC Development Corp, has priced its initial public offering (IPO) at $10.00 per unit, offering a total of 22,000,000 units [1] - Each unit consists of one Class A ordinary share and one-fourth of a redeemable warrant, with the whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 [1] - The IPO units will be listed on the Nasdaq Global Market under the symbol "BDCIU" and trading is set to begin on September 30, 2025 [1] Group 2 - The Company is a blank check company aimed at merging or acquiring businesses, with a focus on opportunities in the bitcoin ecosystem [2] - The management team includes Bracebridge H. Young, Jr. as President and CEO, Betsy Z. Cohen as Chairman, and Jonathan Kirkwood as Vice-Chairman [2] - The Company intends to leverage its management team's expertise to identify and acquire businesses that can integrate bitcoin into their operations [2] Group 3 - Cohen & Company Capital Markets and Keefe, Bruyette & Woods are the joint book-running managers for the offering [3] - The underwriter has a 45-day option to purchase an additional 3,300,000 units at the IPO price to cover over-allotments [3] Group 4 - A registration statement for the units was declared effective by the Securities and Exchange Commission on September 29, 2025 [4]