Blue Safari Group Acquisition in an 8-K announced that its shareholders voted to merge with BitDeer, a Singapore-based company operating five proprietary mining datacenters in the United States and Norway. The vote was overwhelmingly in support of the deal.
The transaction is expected to close tomorrow, with BTG shares starting to trade Friday on the Nasdaq.
Neither the regulatory filing nor a press release announcing the successful vote mentioned redemptions, if any.
Following multiple extension votes, Blue Safari Group’s trust was down to $18.15 million after redemptions. The SPAC had raised $50 million in a June 2021 IPO.
The deal was announced 17 months ago. Read more.
