{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-25-097023","form_type":"8-K","ticker":"BDCI","cik":"0002042292","company_name":"BTC Development Corp.","filed_at":"2025-10-07T23:59:59+00:00","discovered_at":"2026-05-14T18:02:41.444407+00:00","generated_at":"2026-05-17T04:31:01.674695+00:00","sec_items":["8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"BTC Development Corp. closes $253M SPAC IPO, placing full proceeds in trust","bullets":["Sold 25,300,000 units at $10.00 each including full over-allotment; gross proceeds $253 million.","Simultaneous private placement of 760,000 units at $10.00 per unit raised $7.6 million from sponsors and underwriters.","$253 million placed in trust account with Continental Stock Transfer & Trust; $2.67 million cash outside trust for working capital.","Company has 24 months (or 27 if definitive agreement signed) to complete a business combination.","Shareholders' deficit of $8.56 million; 25.3M public shares subject to possible redemption at $10.00 per share."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-25-097023","json":"https://secwatch.observer/filing/0001213900-25-097023.json","markdown":"https://secwatch.observer/filing/0001213900-25-097023.md","text":"https://secwatch.observer/filing/0001213900-25-097023.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2042292/000121390025097023/0001213900-25-097023-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2042292/000121390025097023/ea0260340-8k_btcdevelop.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T04:31:01.674695+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}