NEWS
Bitdeer Announces Up to $150 Million Private Placement Financing
Bitdeer Technologies Group (Nasdaq: BTDR) announced a private placement agreement with Tether International for 18,587,360 Class A ordinary shares and a warrant to purchase up to 5,000,000 additional shares at $10.00 per share, generating $100 million.
The deal could bring in an additional $50 million if the warrant is exercised within 12 months.
Proceeds will fund data center expansion, ASIC mining rig development, and general corporate purposes. Cantor Fitzgerald & Co. acted as the placement agent. The securities sold are not registered under the Securities Act of 1933.
The deal could bring in an additional $50 million if the warrant is exercised within 12 months.
Proceeds will fund data center expansion, ASIC mining rig development, and general corporate purposes. Cantor Fitzgerald & Co. acted as the placement agent. The securities sold are not registered under the Securities Act of 1933.
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104175033 : is this good news or? pls explain I'm stupid
Jaguar8 OP 104175033 : It is selling of bonds or shares to institutions or some pre-selected investors. This is very different from secondary offering of which they sell common stocks to public
104175033 : so will it impact the share price in any way?
Jaguar8 OP 104175033 : No not in a big way
104175033 Jaguar8 OP : are u holding this stock rn?
Jaguar8 OP 104175033 : No
103809649 : At the cost of 8 US dollars per share, of course, it is also possible that a fool will take over
Jaguar8 OP 103809649 : It’s 10/sh