{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-25-096131","form_type":"8-K","ticker":"BDCI","cik":"0002042292","company_name":"BTC Development Corp.","filed_at":"2025-10-03T23:59:59+00:00","discovered_at":"2026-05-14T18:02:41.444073+00:00","generated_at":"2026-05-17T04:51:53.758683+00:00","sec_items":["1.01","3.02","3.03","5.03","5.02","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"BTC Development Corp. closes $253M IPO with full over-allotment, appoints board","bullets":["Gross proceeds of $253M from IPO (25.3M units at $10) and $7.6M from private placement placed in trust.","Units consist of 1 Class A ordinary share and 1/4 warrant exercisable at $11.50; listed on Nasdaq as BDCIU.","Board appointed: Betsy Cohen (Chair), Bracebridge Young (CEO), Jonathan Kirkwood (Vice-Chair), plus 3 others.","SPAC will target bitcoin ecosystem and companies integrating bitcoin into their capital structures."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-25-096131","json":"https://secwatch.observer/filing/0001213900-25-096131.json","markdown":"https://secwatch.observer/filing/0001213900-25-096131.md","text":"https://secwatch.observer/filing/0001213900-25-096131.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2042292/000121390025096131/0001213900-25-096131-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2042292/000121390025096131/ea0259285-8k_btc.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T04:51:53.758683+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"8010b5ce40ddbd758a00d9c65c5484be597fbc50","claim":"BTC Development Corp. issued 3,300,000 units (over-allotment) of common stock to underwriters for $33,000,000.","evidence_excerpt":"the closing of its initial public offering of 25,300,000 units, which includes 3,300,000 units issued pursuant to the exercise by the underwriters of their over-allotment option in full.","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/2042292/000121390025096131/0001213900-25-096131-index.htm","confidence":0.85,"family_label":"Equity Issuances","details":[{"label":"Security","value":"common stock"},{"label":"Shares","value":"3,300,000 units (over-allotment)"},{"label":"Purchaser","value":"underwriters"},{"label":"Consideration","value":"$33,000,000"}],"fact_type":"equity_issuance"},{"claim_id":"916e98dbb49310ffaaf4d98d91a1846e108417bd","claim":"BTC Development Corp. issued 760,000 Units of unit to CCM, KBW and BTC Development Sponsor LLC for $7,600,000.","evidence_excerpt":"Simultaneously with the consummation of the IPO, the Company consummated the issuance and sale (“ Private Placement ”) of 760,000 Units (the “ Placement Units ”) in a private placement transaction at a price of $10.00 per Placement Unit, generating gross proceeds of $7,600,000.","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/2042292/000121390025096131/0001213900-25-096131-index.htm","confidence":0.95,"family_label":"Equity Issuances","details":[{"label":"Security","value":"unit"},{"label":"Shares","value":"760,000 Units"},{"label":"Purchaser","value":"CCM, KBW and BTC Development Sponsor LLC"},{"label":"Consideration","value":"$7,600,000"}],"fact_type":"equity_issuance"},{"claim_id":"95719172fd2e7a31921c982259b44fb3420c3179","claim":"BTC Development Corp.: Filed amended and restated memorandum and articles of association in connection with IPO (effective 2025-09-29).","evidence_excerpt":"On September 29, 2025, in connection with the IPO, the Company filed its amended and restated memorandum and articles of association (the “ Amended and Restated Memorandum ”) with the Cayman Islands General Registry.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/2042292/000121390025096131/0001213900-25-096131-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2025-09-29"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}