Periscope Capital Inc. Acquires New Holdings in BTC Development Corp. $BDCI

Periscope Capital Inc. acquired a new stake in shares of BTC Development Corp. (NASDAQ:BDCI) during the fourth quarter, HoldingsChannel reports. The firm acquired 493,802 shares of the company’s stock, valued at approximately $4,943,000. BTC Development accounts for approximately 0.6% of Periscope Capital Inc.’s portfolio, making the stock its 15th largest holding.

Separately, Wealthspring Capital LLC bought a new stake in shares of BTC Development during the fourth quarter valued at about $3,346,000.

BTC Development Stock Performance

Shares of NASDAQ BDCI opened at $10.05 on Friday. BTC Development Corp. has a fifty-two week low of $9.96 and a fifty-two week high of $10.26. The company’s 50-day moving average is $10.01. The company has a market capitalization of $305.02 million and a PE ratio of 40.20.

BTC Development (NASDAQ:BDCI) last issued its quarterly earnings data on Tuesday, May 12th. The company reported $0.05 earnings per share for the quarter.

BTC Development Company Profile

We are a blank check company incorporated as a Cayman Islands exempted company and incorporated for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or other similar business combination involving one or more businesses or assets, which we refer to throughout this prospectus as our initial business combination. To date, our efforts have been limited to organizational activities as well as activities related to this offering. We have not identified any acquisition target and we have not, nor has anyone on our behalf, initiated any discussions, directly or indirectly, with respect to identifying any acquisition target.