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News

Bitdeer Will Be Listed On Nasdaq With A Valuation Of $1.18 Billion

March 28, 2023 - Around 2 mins mins to read

Key Points:

  • Bitdeer and Blue Safari proposed a business combination to list shares on Nasdaq.
  • The merged company, BTG, will be a Nasdaq-listed corporation with a market capitalization of roughly $1.18 billion and the stock symbol BTDR.
  • The business combination is likely to conclude soon following approval by Blue Safari investors.
The U.S. Securities and Exchange Commission (SEC) has announced that the F-4 registration statement of Bitdeer Technologies Group (BTG) has come into effect. This form is the same as that previously announced by Bitdeer and Blue Safari related to the proposed business combination.
Bitdeer Will Be Listed On Nasdaq With A Valuation Of $1.18 Billion

Blue Safari will hold an extraordinary general meeting of shareholders on April 11 to approve business mergers and other matters; the merged company BTG will become a Nasdaq-listed company with a valuation of approximately $1.18 billion and a stock symbol of “BTDR.”

The business combination is expected to close shortly after approval by Blue Safari stockholders and the satisfaction of other customary closing conditions described in the proxy statement and registration statement.

Blue Safari’s board of directors advises that its shareholders vote “for” all proposals in advance of the EGM over the internet or by signing, dating, and returning the proxy card upon receipt, as directed on the proxy card.

Blue Safari’s sponsor, BSG First Euro Investment Corp., which holds approximately 49.3% of Blue Safari’s issued and outstanding shares as of the EGM’s record date, has committed to vote its shares in support of the Business Combination proposal at the EGM.

Blue Safari Group Acquisition previously announced a possible merger with cryptocurrency mining business Bitdeer in 2021. The $4 billion transaction was initially scheduled to conclude in the first quarter of 2023.

Bitdeer, headquartered in Singapore, now runs five unique mining data centers in the United States and Norway. The company manages complicated mining processes such as miner procurement, transportation logistics, mining datacenter design and building, mining machine administration, and day-to-day operations.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Harold

Coincu News

Bitdeer

Blue Safari

BTDR

BTG

crypto

SEC

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Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
News

Bitdeer Will Be Listed On Nasdaq With A Valuation Of $1.18 Billion

Key Points:

  • Bitdeer and Blue Safari proposed a business combination to list shares on Nasdaq.
  • The merged company, BTG, will be a Nasdaq-listed corporation with a market capitalization of roughly $1.18 billion and the stock symbol BTDR.
  • The business combination is likely to conclude soon following approval by Blue Safari investors.
The U.S. Securities and Exchange Commission (SEC) has announced that the F-4 registration statement of Bitdeer Technologies Group (BTG) has come into effect. This form is the same as that previously announced by Bitdeer and Blue Safari related to the proposed business combination.
Bitdeer Will Be Listed On Nasdaq With A Valuation Of $1.18 Billion

Blue Safari will hold an extraordinary general meeting of shareholders on April 11 to approve business mergers and other matters; the merged company BTG will become a Nasdaq-listed company with a valuation of approximately $1.18 billion and a stock symbol of “BTDR.”

The business combination is expected to close shortly after approval by Blue Safari stockholders and the satisfaction of other customary closing conditions described in the proxy statement and registration statement.

Blue Safari’s board of directors advises that its shareholders vote “for” all proposals in advance of the EGM over the internet or by signing, dating, and returning the proxy card upon receipt, as directed on the proxy card.

Blue Safari’s sponsor, BSG First Euro Investment Corp., which holds approximately 49.3% of Blue Safari’s issued and outstanding shares as of the EGM’s record date, has committed to vote its shares in support of the Business Combination proposal at the EGM.

Blue Safari Group Acquisition previously announced a possible merger with cryptocurrency mining business Bitdeer in 2021. The $4 billion transaction was initially scheduled to conclude in the first quarter of 2023.

Bitdeer, headquartered in Singapore, now runs five unique mining data centers in the United States and Norway. The company manages complicated mining processes such as miner procurement, transportation logistics, mining datacenter design and building, mining machine administration, and day-to-day operations.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Harold

Coincu News