Blue Safari Group Acquisition Corp. (NASDAQ: BSGA) will hold an extraordinary general meeting on April 11, 2023, at 9:00 a.m. Eastern Time, to vote on a proposed business combination with Bitdeer Technologies Holding Company (BTG), valued at approximately $1.18 billion.
The board recommends shareholders vote "FOR" the proposals. Bitdeer aims to provide comprehensive solutions for cryptocurrency mining and will list on Nasdaq under ticker BTDR post-combination. Shareholders can access important documents via the SEC website.
Bitdeer Technologies Holding Company and Blue Safari Group Acquisition Corp. (NASDAQ: BSGA) announced the SEC's declaration of effectiveness for Bitdeer’s registration statement related to their business combination. This combination values Bitdeer at an implied equity of approximately $1.18 billion. Shareholders are encouraged to vote 'FOR' all proposals at the extraordinary general meeting scheduled for April 11, 2023, at 9:00 a.m. ET. The transaction aims to enhance Bitdeer's market position within the cryptocurrency mining sector, with anticipated public listing under the ticker 'BTDR' following approval and customary closing conditions.
Blue Safari Group Acquisition Corp. (NASDAQ: BSGA) has deposited $575,000 into its Trust Account to extend its business combination period by three months, moving the deadline from September 14, 2022 to December 14, 2022. This extension is part of a First Amendment to its merger agreement with Bitdeer Technologies, which has agreed to provide a total loan of $1.99 million for such extensions. The loan carries no interest and is repayable only upon closing a business combination.