BTC Development Corp. (BDCI) Form 10-Q — May 12, 2026
BTC Development Corp. filed its quarterly Form 10-Q for the period ended March 31, 2026, reporting net income of $1.7 million. This profit was driven solely by $2.2 million in interest income from the $257.3 million held in the trust account, partially offset by $540,761 in formation and administrative expenses. As of March 31, 2026, the company held $1.4 million in cash outside of the trust account.
Key figures
- Eps
- 0.05
- Eps Beat
- 0
- Revenue
- 0
- Net Income
- 1701548
- Total Debt
- 0
- Debt Amount
- 0
- Revenue Yoy
- 0
- Total Assets
- 259014126
- Cash Position
- 1448349
- Deal Value Usd
- 0
- Interest Rate
- 0
- Gross Proceeds
- 0
- Offering Price
- 0
- Shares Offered
- 0
- Trust Account Value
- 257254864
- Working Capital Surplus
- 1590288
- Combination Period Months
- 24
- Public Shares Outstanding
- 26060000
- Redemption Value Per Share
- 10.17
- Founder Shares Outstanding
- 8686667
Price after filing
1 day: +0.0%7 days: +0.1%30 days: +0.3%
Close on the filing date to close N calendar days later (from $10.03). Historical, not a forecast.
AI analysis
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