Bitdeer Announces Up To $150M Private Placement Financing Of 18,587,360 Class A Shares And A Warrant To Purchase Up To 5M Additional Shares At $10/Share
Portfolio Pulse from Benzinga Newsdesk
Bitdeer Technologies Group (NASDAQ:BTDR) announced a private placement financing deal with Tether International Limited, involving the issuance of 18,587,360 Class A shares and a warrant to purchase up to 5 million additional shares at $10 per share. The transaction generated $100 million in gross proceeds and could provide an additional $50 million if the warrant is fully exercised.
May 31, 2024 | 12:02 pm
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Bitdeer Technologies Group (NASDAQ:BTDR) has secured $100 million in gross proceeds through a private placement with Tether International Limited, with the potential for an additional $50 million if the warrant is fully exercised. This financing strengthens Bitdeer's financial position and could positively impact its stock price in the short term.
The private placement financing deal provides Bitdeer with significant capital, enhancing its financial stability and growth prospects. The potential for an additional $50 million through the warrant further strengthens this position. Investors are likely to view this positively, leading to a potential short-term increase in BTDR's stock price.
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