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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) announced at its extraordinary general meeting on December 5, 2022, that shareholders approved extending the business combination period until December 14, 2023. The extension allows up to four additional three-month periods for completion. Following the meeting, over 4 million Class A shares were redeemed, leaving approximately $18.15 million in the trust account. Additionally, a Second Amendment to the Merger Agreement with Bitdeer extends the termination date and includes interest-free loans from Bitdeer totalling $2,584,141 for operational support.
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.
Blue Safari Group Acquisition Corp. (NASDAQ: BSGA) has deposited $575,000 into its Trust Account to extend the business combination deadline by three months, now set for September 14, 2022. The funds represent $0.10 per Class A ordinary share. This extension is part of an agreement with Bitdeer Technologies, which has loaned $1.99 million to the company to facilitate potential further extensions. The loan is interest-free and only repayable upon the closing of a business combination.
Bitdeer Technologies, a prominent company in the cryptocurrency mining sector, has entered a definitive merger agreement with Blue Safari Group Acquisition Corp. (BSGA). The merger, valued at an implied enterprise value of approximately $4 billion, will result in the combined company being renamed Bitdeer Technologies Group, which will continue to trade publicly on NASDAQ. The transaction is slated for completion in Q1 2022, subject to regulatory and shareholder approvals. Under the leadership of Jihan Wu, Bitdeer aims to enhance its market position within the growing cryptocurrency mining industry.
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