What does deferred underwriting fee payable mean?

Represents the portion of underwriting fees for a public offering that is contingent upon the completion of a business combination and is payable beyond the next twelve months. This liability is specific to SPAC structures and reflects the long-term cost of capital acquisition. It is a key indicator of the deferred financial burden associated with future deal success.

BTC Development Corp. BDCI Deferred Underwriting Fee Payable

Deferred Underwriting Fee Payable at other companies

SAC

Safeguard Acquisition SAC

$9.2M—

KBO

Karbon Capital Partners Corp. Class A Ordinary SharesKBON

$12.08M—

Evolution Metals & Technologies Corp. EMAT

$2.7M0.0%

SBX

SilverBox Corp SBXE

$8.28M—

ENH

Enhanced Group Inc. Class AENHA

$8M—

FCR

FutureCrest Acquisition FCRS

$12.25M—

Other financials

Income statement

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Operating income-$540.8K-1,418%

Net income$1.7M+4,876%

EPS (diluted)$0.05+100%

Balance sheet

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Cash & equivalents$1.4M—

Total equity-$9.1M-14,588%

Total assets$259.0M—

Cash flow

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Operating cash flow-$537.4K-188%

Valuation

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Market cap$349.55M-0.8%

P/E96.9×—

Returns & leverage

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Return on equity-78.4%—

Current ratio13.7×—

Where this comes from

Reported directly by BTC Development Corp. in its filing.

Tagged under the XBRL concept bdciu:DeferredUnderwritingFeePayable.

The official record: BTC Development Corp. ’s 10-Q, filed May 12, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is BTC Development Corp. 's deferred underwriting fee payable?: BTC Development Corp. (BDCI) reported deferred underwriting fee payable of $10.78M in Q1 2026.
What does deferred underwriting fee payable mean?: Represents the portion of underwriting fees for a public offering that is contingent upon the completion of a business combination and is payable beyond the next twelve months. This liability is specific to SPAC structures and reflects the long-term cost of capital acquisition. It is a key indicator of the deferred financial burden associated with future deal success.