Company: BDCIU
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109324
Chunk: 168

Company: BTC Development Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part II, Item 2
Chunk 168
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 aggregate of $253,000,000 was placed in the Trust Account.

We paid a total of $16,037,284 in transaction
costs, consisting of $4,400,000 of cash underwriting fee, $10,780,000 of deferred underwriting fee, and $857,284 of other offering costs.

For a description of the use of the proceeds generated
in our Initial Public Offering, see Part I, Item 2 of this Form 10-Q.

Item 3. Defaults Upon Senior Securities

None

Item 4. Mine Safety Disclosures

None

Item 5. Other Information

None

18

Item 6. Exhibits

The following exhibits are filed as part of, or
incorporated by reference into, this Quarterly Report on Form 10-Q.

    No.
     
    Description of Exhibit
  
    1.1
     
    Underwriting Agreement, dated September 29, 2025, among the Company, Cohen & Company Capital Markets, a division of Cohen & Company Securities, LLC and Keefe, Bruyette & Woods, Inc. (incorporated by reference to Exhibit 1.1 to the Company’s Current Report on Form 8-K filed with the SEC on October 3, 2025).
  
    3.1
     
    Amended and Restated Memorandum and Articles of Association, filed with the Cayman Islands General Registry on September 29, 2025 (incorporated by reference to Exhibit 3.1 to the Company’s Current Report on Form 8-K filed with the SEC on October 3, 2025).
  
    4.1
     
    Warrant Agreement, dated September 29, 2025, between the Company and Continental Stock Transfer & Trust Company (incorporated by reference to Exhibit 4.1 to the Company’s Current Report on Form 8-K filed with the SEC on October 3, 2025).
  
    10.1
     
    Letter Agreement, dated September 29, 2025, by and among the Company, its officers and directors and certain security holders of the Company (incorporated by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K filed with the SEC on October 3, 2025).
  
    10.2
     
    Investment Management Trust Agreement, dated September 29, 2025, between the Company and