Bitdeer Will Be Listed On Nasdaq With A Valuation Of 118 Billion

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. Blue Safari will hold an extraordinary general meeting of shareholders on April 11 to approve business mergers and other matters. 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 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.