Appleby Advises Bitcoin Infrastructure Acquisition Corp Ltd. in Its USD220M Initial Public Offering
Appleby is pleased to announce that it acted as Cayman Islands legal counsel to Bitcoin Infrastructure Acquisition Corp Ltd. connection with the closing of its initial public offering of 22,000,000, which includes 2,000,000 Units issued pursuant to the partial exercise by the underwriters of their over-allotment option, at an offering price of $10.00 per Unit, resulting in gross proceeds of $220,000,000.
The units began trading on The Nasdaq Stock Market LLC (Nasdaq) under the ticker symbol “BIXIU” on December 2, 2025. Each unit is comprised of one Class A ordinary share, $0.0001 par value and one-half of one redeemable warrant, each whole warrant entitling the holder to purchase one Class A ordinary share upon exercise, at a price of $11.50 per share. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols “BIXI” and “BIXIW,” respectively.
Appleby advised on all Cayman Islands legal aspects of the transaction, further strengthening its proven track record and consistently demonstrating deep expertise in SPAC IPOs and capital markets regulation.
The Appleby Capital Markets team was led by Counsel Alexandra Low, with Partner Simon Raftopoulos, Paralegal Sophia Cunningham and other members of the corporate team.
Appleby continues to play a key role in major SPAC and public-market matters worldwide.
