<SEC-DOCUMENT>0001213900-25-078198-index.html : 20250819 <SEC-HEADER>0001213900-25-078198.hdr.sgml : 20250819 <ACCEPTANCE-DATETIME>20250819092439 ACCESSION NUMBER: 0001213900-25-078198 CONFORMED SUBMISSION TYPE: S-1 PUBLIC DOCUMENT COUNT: 61 FILED AS OF DATE: 20250819 DATE AS OF CHANGE: 20250819 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BTC Development Corp. CENTRAL INDEX KEY: 0002042292 STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770] ORGANIZATION NAME: 05 Real Estate & Construction EIN: 981816717 STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: S-1 SEC ACT: 1933 Act SEC FILE NUMBER: 333-289705 FILM NUMBER: 251229838 BUSINESS ADDRESS: STREET 1: 2929 ARCH STREET, SUITE 1703 CITY: PHILADELPHIA STATE: PA ZIP: 19104 BUSINESS PHONE: (215) 701-9555 MAIL ADDRESS: STREET 1: 2929 ARCH STREET, SUITE 1703 CITY: PHILADELPHIA STATE: PA ZIP: 19104 FORMER COMPANY: FORMER CONFORMED NAME: Emerald Acquisition Corp. II DATE OF NAME CHANGE: 20241023 </SEC-HEADER> <DOCUMENT> <TYPE>S-1 <SEQUENCE>1 <FILENAME>ea0225715-06.htm <DESCRIPTION>REGISTRATION STATEMENT <TEXT> Document 1 - file: ea0225715-06.htm
</DOCUMENT> <DOCUMENT> <TYPE>EX-1.1 <SEQUENCE>2 <FILENAME>ea022571506ex1-1_btc.htm <DESCRIPTION>FORM OF UNDERWRITING AGREEMENT <TEXT> Document 2 - file: ea022571506ex1-1_btc.htm
</DOCUMENT> <DOCUMENT> <TYPE>EX-3.1 <SEQUENCE>3 <FILENAME>ea022571506ex3-1_btc.htm <DESCRIPTION>AMENDED AND RESTATED MEMORANDUM AND ARTICLES OF ASSOCIATION CURRENTLY IN EFFECT <TEXT> Document 3 - file: ea022571506ex3-1_btc.htm
</DOCUMENT> <DOCUMENT> <TYPE>EX-3.2 <SEQUENCE>4 <FILENAME>ea022571506ex3-2_btc.htm <DESCRIPTION>FORM OF AMENDED AND RESTATED MEMORANDUM AND ARTICLES OF ASSOCIATION TO BE IN EFFECT AT THE CLOSING OF THE INITIAL PUBLIC OFFERING <TEXT> Document 4 - file: ea022571506ex3-2_btc.htm
</DOCUMENT> <DOCUMENT> <TYPE>EX-4.1 <SEQUENCE>5 <FILENAME>ea022571506ex4-1_btc.htm <DESCRIPTION>SPECIMEN UNIT CERTIFICATE <TEXT> Document 5 - file: ea022571506ex4-1_btc.htm
</DOCUMENT> <DOCUMENT> <TYPE>EX-4.2 <SEQUENCE>6 <FILENAME>ea022571506ex4-2_btc.htm <DESCRIPTION>SPECIMEN CLASS A ORDINARY SHARE CERTIFICATE <TEXT> Document 6 - file: ea022571506ex4-2_btc.htm
</DOCUMENT> <DOCUMENT> <TYPE>EX-4.4 <SEQUENCE>7 <FILENAME>ea022571506ex4-4_btc.htm <DESCRIPTION>FORM OF WARRANT AGREEMENT BETWEEN CONTINENTAL STOCK TRANSFER & TRUST COMPANY AND THE REGISTRANT <TEXT> Document 7 - file: ea022571506ex4-4_btc.htm
</DOCUMENT> <DOCUMENT> <TYPE>EX-5.1 <SEQUENCE>8 <FILENAME>ea022571506ex5-1_btc.htm <DESCRIPTION>OPINION OF MAPLES AND CALDER (CAYMAN) LLP, CAYMAN ISLANDS LEGAL COUNSEL TO THE REGISTRANT <TEXT> Document 8 - file: ea022571506ex5-1_btc.htm
</DOCUMENT> <DOCUMENT> <TYPE>EX-5.2 <SEQUENCE>9 <FILENAME>ea022571506ex5-2_btc.htm <DESCRIPTION>OPINION OF MORGAN, LEWIS & BOCKIUS, COUNSEL TO THE REGISTRANT <TEXT> Document 9 - file: ea022571506ex5-2_btc.htm
</DOCUMENT> <DOCUMENT> <TYPE>EX-10.1 <SEQUENCE>10 <FILENAME>ea022571506ex10-1_btc.htm <DESCRIPTION>PROMISSORY NOTE, DATED AS OF JULY 27, 2025 ISSUED TO BTC DEVELOPMENT SPONSOR LLC <TEXT> Document 10 - file: ea022571506ex10-1_btc.htm
</DOCUMENT> <DOCUMENT> <TYPE>EX-10.2 <SEQUENCE>11 <FILENAME>ea022571506ex10-2_btc.htm <DESCRIPTION>FORM OF LETTER AGREEMENT AMONG THE REGISTRANT AND THE REGISTRANT'S SECURITYHOLDERS NAMED THEREIN, AND THE OFFICERS AND DIRECTORS OF THE REGISTRANT <TEXT> Document 11 - file: ea022571506ex10-2_btc.htm
</DOCUMENT> <DOCUMENT> <TYPE>EX-10.3 <SEQUENCE>12 <FILENAME>ea022571506ex10-3_btc.htm <DESCRIPTION>FORM OF INVESTMENT MANAGEMENT TRUST AGREEMENT BETWEEN CONTINENTAL STOCK TRANSFER & TRUST COMPANY AND THE REGISTRANT <TEXT> Document 12 - file: ea022571506ex10-3_btc.htm
</DOCUMENT> <DOCUMENT> <TYPE>EX-10.4 <SEQUENCE>13 <FILENAME>ea022571506ex10-4_btc.htm <DESCRIPTION>FORM OF REGISTRATION RIGHTS AGREEMENT BETWEEN THE REGISTRANT AND CERTAIN SECURITY HOLDERS <TEXT> Document 13 - file: ea022571506ex10-4_btc.htm
</DOCUMENT> <DOCUMENT> <TYPE>EX-10.5 <SEQUENCE>14 <FILENAME>ea022571506ex10-5_btc.htm <DESCRIPTION>SECURITIES SUBSCRIPTION AGREEMENT, DATED AUGUST 11, 2025, BETWEEN THE REGISTRANT AND BTC DEVELOPMENT SPONSOR LLC <TEXT> Document 14 - file: ea022571506ex10-5_btc.htm
</DOCUMENT> <DOCUMENT> <TYPE>EX-10.6 <SEQUENCE>15 <FILENAME>ea022571506ex10-6_btc.htm <DESCRIPTION>FORM OF PLACEMENT UNIT SUBSCRIPTION AGREEMENT BETWEEN THE REGISTRANT AND BTC DEVELOPMENT SPONSOR LLC <TEXT> Document 15 - file: ea022571506ex10-6_btc.htm
</DOCUMENT> <DOCUMENT> <TYPE>EX-10.7 <SEQUENCE>16 <FILENAME>ea022571506ex10-7_btc.htm <DESCRIPTION>FORM OF PLACEMENT UNIT SUBSCRIPTION AGREEMENT BETWEEN THE REGISTRANT AND COHEN <TEXT> Document 16 - file: ea022571506ex10-7_btc.htm
</DOCUMENT> <DOCUMENT> <TYPE>EX-10.8 <SEQUENCE>17 <FILENAME>ea022571506ex10-8_btc.htm <DESCRIPTION>FORM OF PLACEMENT UNIT SUBSCRIPTION AGREEMENT BETWEEN THE REGISTRANT AND KBW <TEXT> Document 17 - file: ea022571506ex10-8_btc.htm
</DOCUMENT> <DOCUMENT> <TYPE>EX-10.9 <SEQUENCE>18 <FILENAME>ea022571506ex10-9_btc.htm <DESCRIPTION>FORM OF INDEMNITY AGREEMENT <TEXT> Document 18 - file: ea022571506ex10-9_btc.htm
</DOCUMENT> <DOCUMENT> <TYPE>EX-10.10 <SEQUENCE>19 <FILENAME>ea022571506ex10-10_btc.htm <DESCRIPTION>FORM OF ADMINISTRATIVE SERVICES AGREEMENT, BY AND BETWEEN THE REGISTRANT AND BTC DEVELOPMENT SPONSOR LLC <TEXT> Document 19 - file: ea022571506ex10-10_btc.htm
</DOCUMENT> <DOCUMENT> <TYPE>EX-14 <SEQUENCE>20 <FILENAME>ea022571506ex14_btc.htm <DESCRIPTION>FORM OF CODE OF ETHICS <TEXT> Document 20 - file: ea022571506ex14_btc.htm
</DOCUMENT> <DOCUMENT> <TYPE>EX-23.1 <SEQUENCE>21 <FILENAME>ea022571506ex23-1_btc.htm <DESCRIPTION>CONSENT OF WITHUMSMITH+BROWN, PC <TEXT> Document 21 - file: ea022571506ex23-1_btc.htm
</DOCUMENT> <DOCUMENT> <TYPE>EX-99.1 <SEQUENCE>22 <FILENAME>ea022571506ex99-1_btc.htm <DESCRIPTION>FORM OF AUDIT COMMITTEE CHARTER <TEXT> Document 22 - file: ea022571506ex99-1_btc.htm
</DOCUMENT> <DOCUMENT> <TYPE>EX-99.2 <SEQUENCE>23 <FILENAME>ea022571506ex99-2_btc.htm <DESCRIPTION>FORM OF COMPENSATION COMMITTEE CHARTER <TEXT> Document 23 - file: ea022571506ex99-2_btc.htm
</DOCUMENT> <DOCUMENT> <TYPE>EX-99.3 <SEQUENCE>24 <FILENAME>ea022571506ex99-3_btc.htm <DESCRIPTION>CONSENT OF JONATHAN KIRKWOOD <TEXT> Document 24 - file: ea022571506ex99-3_btc.htm
</DOCUMENT> <DOCUMENT> <TYPE>EX-99.4 <SEQUENCE>25 <FILENAME>ea022571506ex99-4_btc.htm <DESCRIPTION>CONSENT OF ANDREW HOHNS <TEXT> Document 25 - file: ea022571506ex99-4_btc.htm
</DOCUMENT> <DOCUMENT> <TYPE>EX-99.5 <SEQUENCE>26 <FILENAME>ea022571506ex99-5_btc.htm <DESCRIPTION>CONSENT OF GRANT GILLIAM <TEXT> Document 26 - file: ea022571506ex99-5_btc.htm
</DOCUMENT> <DOCUMENT> <TYPE>EX-99.6 <SEQUENCE>27 <FILENAME>ea022571506ex99-6_btc.htm <DESCRIPTION>CONSENT OF BRACEBRIDGE H. YOUNG, JR <TEXT> Document 27 - file: ea022571506ex99-6_btc.htm
</DOCUMENT> <DOCUMENT> <TYPE>EX-99.7 <SEQUENCE>28 <FILENAME>ea022571506ex99-7_btc.htm <DESCRIPTION>CONSENT OF HERSH KOZLOV <TEXT> Document 28 - file: ea022571506ex99-7_btc.htm
</DOCUMENT> <DOCUMENT> <TYPE>EX-FILING FEES <SEQUENCE>29 <FILENAME>ea022571506ex-fee_btc.htm <DESCRIPTION>FILING FEE TABLE <TEXT> Document 29 - file: ea022571506ex-fee_btc.htm
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>30 <FILENAME>ex5-1_001.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 30 - file: ex5-1_001.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>31 <FILENAME>ex5-1_002.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 31 - file: ex5-1_002.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>32 <FILENAME>ex5-2_001.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 32 - file: ex5-2_001.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>33 <FILENAME>ex5-2_002.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 33 - file: ex5-2_002.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>34 <FILENAME>ex5-2_003.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 34 - file: ex5-2_003.jpg
</DOCUMENT> <DOCUMENT> <TYPE>EX-101.SCH <SEQUENCE>35 <FILENAME>ck0002042292-20250819.xsd <DESCRIPTION>XBRL SCHEMA FILE <TEXT> Document 35 - file: ck0002042292-20250819.xsd
</DOCUMENT> <DOCUMENT> <TYPE>EX-101.DEF <SEQUENCE>36 <FILENAME>ck0002042292-20250819_def.xml <DESCRIPTION>XBRL DEFINITION FILE <TEXT> Document 36 - file: ck0002042292-20250819_def.xml
</DOCUMENT> <DOCUMENT> <TYPE>EX-101.LAB <SEQUENCE>37 <FILENAME>ck0002042292-20250819_lab.xml <DESCRIPTION>XBRL LABEL FILE <TEXT> Document 37 - file: ck0002042292-20250819_lab.xml
</DOCUMENT> <DOCUMENT> <TYPE>EX-101.PRE <SEQUENCE>38 <FILENAME>ck0002042292-20250819_pre.xml <DESCRIPTION>XBRL PRESENTATION FILE <TEXT> Document 38 - file: ck0002042292-20250819_pre.xml
</DOCUMENT> <DOCUMENT> <TYPE>XML <SEQUENCE>40 <FILENAME>R1.htm <DESCRIPTION>IDEA: XBRL DOCUMENT <TEXT> Document 40 - file: R1.htm
</DOCUMENT> <DOCUMENT> <TYPE>XML <SEQUENCE>41 <FILENAME>R2.htm <DESCRIPTION>IDEA: XBRL DOCUMENT <TEXT> Document 41 - file: R2.htm
</DOCUMENT> <DOCUMENT> <TYPE>XML <SEQUENCE>42 <FILENAME>R3.htm <DESCRIPTION>IDEA: XBRL DOCUMENT <TEXT> Document 42 - file: R3.htm
</DOCUMENT> <DOCUMENT> <TYPE>XML <SEQUENCE>43 <FILENAME>R4.htm <DESCRIPTION>IDEA: XBRL DOCUMENT <TEXT> Document 43 - file: R4.htm
</DOCUMENT> <DOCUMENT> <TYPE>XML <SEQUENCE>44 <FILENAME>R5.htm <DESCRIPTION>IDEA: XBRL DOCUMENT <TEXT> Document 44 - file: R5.htm
</DOCUMENT> <DOCUMENT> <TYPE>XML <SEQUENCE>45 <FILENAME>R6.htm <DESCRIPTION>IDEA: XBRL DOCUMENT <TEXT> Document 45 - file: R6.htm
</DOCUMENT> <DOCUMENT> <TYPE>XML <SEQUENCE>46 <FILENAME>R7.htm <DESCRIPTION>IDEA: XBRL DOCUMENT <TEXT> Document 46 - file: R7.htm
</DOCUMENT> <DOCUMENT> <TYPE>XML <SEQUENCE>47 <FILENAME>R8.htm <DESCRIPTION>IDEA: XBRL DOCUMENT <TEXT> Document 47 - file: R8.htm
</DOCUMENT> <DOCUMENT> <TYPE>XML <SEQUENCE>48 <FILENAME>R9.htm <DESCRIPTION>IDEA: XBRL DOCUMENT <TEXT> Document 48 - file: R9.htm
</DOCUMENT> <DOCUMENT> <TYPE>XML <SEQUENCE>49 <FILENAME>R10.htm <DESCRIPTION>IDEA: XBRL DOCUMENT <TEXT> Document 49 - file: R10.htm
</DOCUMENT> <DOCUMENT> <TYPE>XML <SEQUENCE>50 <FILENAME>R11.htm <DESCRIPTION>IDEA: XBRL DOCUMENT <TEXT> Document 50 - file: R11.htm
</DOCUMENT> <DOCUMENT> <TYPE>XML <SEQUENCE>52 <FILENAME>R12.htm <DESCRIPTION>IDEA: XBRL DOCUMENT <TEXT> Document 52 - file: R12.htm
</DOCUMENT> <DOCUMENT> <TYPE>XML <SEQUENCE>53 <FILENAME>R13.htm <DESCRIPTION>IDEA: XBRL DOCUMENT <TEXT> Document 53 - file: R13.htm
</DOCUMENT> <DOCUMENT> <TYPE>XML <SEQUENCE>54 <FILENAME>R14.htm <DESCRIPTION>IDEA: XBRL DOCUMENT <TEXT> Document 54 - file: R14.htm
</DOCUMENT> <DOCUMENT> <TYPE>XML <SEQUENCE>55 <FILENAME>Show.js <DESCRIPTION>IDEA: XBRL DOCUMENT <TEXT> Document 55 - file: Show.js
</DOCUMENT> <DOCUMENT> <TYPE>XML <SEQUENCE>56 <FILENAME>report.css <DESCRIPTION>IDEA: XBRL DOCUMENT <TEXT> Document 56 - file: report.css
</DOCUMENT> <DOCUMENT> <TYPE>XML <SEQUENCE>59 <FILENAME>FilingSummary.xml <DESCRIPTION>IDEA: XBRL DOCUMENT <TEXT> Document 59 - file: FilingSummary.html
Document 59 - RAW XML: FilingSummary.xml
</DOCUMENT> <DOCUMENT> <TYPE>JSON <SEQUENCE>62 <FILENAME>MetaLinks.json <DESCRIPTION>IDEA: XBRL DOCUMENT <TEXT> Document 62 - file: MetaLinks.json
</DOCUMENT> <DOCUMENT> <TYPE>ZIP <SEQUENCE>63 <FILENAME>0001213900-25-078198-xbrl.zip <DESCRIPTION>IDEA: XBRL DOCUMENT <TEXT> Document 63 - file: 0001213900-25-078198-xbrl.zip
</DOCUMENT> <DOCUMENT> <TYPE>XML <SEQUENCE>64 <FILENAME>ea0225715-06_htm.xml <DESCRIPTION>IDEA: XBRL DOCUMENT <TEXT> Document 64 - file: ea0225715-06_htm.html
Document 64 - RAW XML: ea0225715-06_htm.xml
</DOCUMENT> <DOCUMENT> <TYPE>XML <SEQUENCE>65 <FILENAME>ea022571506ex-fee_btc_htm.xml <DESCRIPTION>IDEA: XBRL DOCUMENT <TEXT> Document 65 - file: ea022571506ex-fee_btc_htm.html
Document 65 - RAW XML: ea022571506ex-fee_btc_htm.xml
</DOCUMENT> </SEC-DOCUMENT>