Bitcoin Infrastructure Acquisition Corp D Ltd files to raise $200m via SPAC IPO

Bitcoin Infrastructure Acquisition Corp D Ltd files to raise $200m via SPAC IPO

Bitcoin Infrastructure Acquisition Corp D Ltd (BIC D Ltd) has announced plans to raise $200 million through an initial public offering (IPO) of its special purpose acquisition company (SPAC) units. The IPO, which is set to be priced at $10 per unit, is expected to commence trading on the Nasdaq under the ticker symbol BICD from August 27, 2025 [1].

The SPAC is led by a seasoned management team with extensive experience in the blockchain and digital asset space. The co-founder and CEO of Consilium Investment Management, Charles Cassel, will serve as the CEO of BIC D Ltd, while Vikas Mittal, the managing member and chief investment officer of Meteora Capital, will act as the chairman and CFO. Both bring significant expertise in managing blank check companies and have a proven track record in the emerging markets [2].

BIC D Ltd aims to focus on companies operating in the digital asset and blockchain infrastructure sectors. The SPAC's strategic focus includes digital wallets, custody solutions, exchanges, and tokenized financial instruments, with a particular emphasis on frontier markets. This approach aligns with the growing global demand for decentralized and secure financial infrastructure, driven by the increasing adoption of blockchain and distributed ledger technologies [3].

The SPAC's IPO is being led by Cohen & Company Securities, which will serve as the sole bookrunner for the offering. The IPO has received regulatory clearance from the U.S. Securities and Exchange Commission (SEC) and is expected to close on August 28, 2025. Prospective investors can obtain further details through the SEC's website or by contacting the underwriters directly [3].

While BIC D Ltd has outlined a clear strategic direction, it has also acknowledged the uncertainties associated with forward-looking statements. The SPAC's preliminary prospectus, available on the SEC's website, provides a detailed risk assessment, highlighting the challenges inherent in SPAC transactions, including market volatility and regulatory scrutiny [3].

References:
[1] https://www.ainvest.com/news/blockchain-visionaries-mobilize-200m-fuel-digital-finance-frontier-2508/
[2] https://www.ainvest.com/news/galata-acquisition-corp-ii-files-raise-150m-spac-ipo-2508/
[3] https://www.abc27.com/business/press-releases/globenewswire/9518659/cslm-digital-asset-acquisition-corp-iii-ltd-200-million-initial-public-offering