with Blue Safari in order to go public through a special purpose acquisition company in the United States.
The SEC filing stated that shareholders could give the company the option to extend the deadline up to four times until December 2023, as well as move the meeting to a later date if there is an insufficient number of votes. If successful, the two firms could merge under the name Bitdeer Technologies Group for a listing on Nasdaq.
“If the Charter Amendment proposal is not approved and we have not consummated a business combination by the Current Termination Date, we will cease all operations except for the purpose of winding up, as promptly as reasonably possible but not more than ten business days thereafter, subject to lawfully available funds therefor, redeem 100% of the public shares,” said the SEC filing.
Founded and under the leadership of former Bitmain co-founder Jihan Wu, Bitdeer facilitates cloud-mining services through U.S.-based data centers operated in Tennessee, Washington and Texas. As of Oct. 30, the firm