Bitdeer Technologies Entered A Share Purchase Agreement With FreeChain And Other Sellers, Committing To Acquire All Issued And Outstanding Shares Of FreeChain. The Acquisition's Closing Consideration Will Be Settled By Issuing 20M Class A Ordinary Shares Of Bitdeer Technologies
Portfolio Pulse from Benzinga Newsdesk
Bitdeer Technologies has entered into a share purchase agreement to acquire all issued and outstanding shares of FreeChain. The acquisition will be settled by issuing 20 million Class A ordinary shares of Bitdeer Technologies.
June 03, 2024 | 8:13 pm
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Bitdeer Technologies has committed to acquiring all issued and outstanding shares of FreeChain by issuing 20 million Class A ordinary shares. This move could potentially dilute existing shareholders but may also indicate growth and expansion for the company.
The acquisition of FreeChain by issuing 20 million Class A shares suggests a strategic move for growth and expansion. While this could lead to dilution of existing shares, it also indicates a positive outlook for the company's future prospects.
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