The F-4 registration statement of Bitdeer Technologies Group (BTG) has officially gone into effect, due to a statement from the U.S. Securities and Exchange Commission (SEC). This form is the same as the one that Bitdeer and Blue Safari previously made public in relation to the proposed corporate merger.
On April 11, Blue Safari will host an extraordinary general shareholder meeting to ratify corporate mergers and other things. The combined firm, BTG, will be listed on the Nasdaq and have a market value of roughly $1.18 billion. Its stock symbol will be "BTDR."
After Blue Safari stockholder approval and the fulfillment of additional usual closing conditions outlined in the proxy statement and registration statement, the business combination is anticipated to close soon.
The board of directors of Blue Safari recommends that its shareholders cast "for" votes on all motions prior to the EGM via the company's website or by signing, date, and returning the proxy card as instructed on the proxy card upon receipt.
BSG First Euro Investment Corp., Blue Safari's sponsor, has agreed to vote its shares in favor of the Business Combination proposal at the EGM. BSG First Euro Investment Corp. currently owns approximately 49.3% of Blue Safari's issued and outstanding shares as of the EGM's record date.
Prior to this announcement, Bitdeer, a cryptocurrency mining company, and Blue Safari Group Acquisition discussed a potential merger for 2021. Initial plans called for the $4 billion deal to be completed in the first quarter of 2023.
Bitdeer, with its headquarters in Singapore, currently manages five distinct mining data centers in Norway and the United States. The business oversees intricate mining procedures such the hiring of miners, logistics for transportation, design and construction of mining datacenters, administration of mining equipment, and daily operations.