BIXI closes IPO: 22M units sold at $10, $220M in trust, $7.7M private placement

Bitcoin Infrastructure Acquisition Corp Ltd

Gross proceeds from unit offering $220M and private placement $7.7M (770K units at $10 each).
$220M in trust for public shareholders; redemption rights at $10 per share.
Balance sheet as of Dec 3, 2025 shows $222.9M total assets, $9.05M liabilities, $(6.07)M shareholders' deficit.
22M public shares classified as temporary equity at redemption value; 7.67M Class B founder shares subject to forfeiture.
Transaction costs $13.7M; deferred underwriting commissions $8.8M; company has $1.79M cash for working capital.

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