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Bitdeer Announces Proposed Offering of US$150 Million Convertible Notes

GlobeNewswire LogoGlobeNewswire12h ago

Bitdeer Announces Proposed Offering of US$150 Million Convertible Notes - GlobeNewswire

Quick Summary:

Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including risks and uncertainties associated with market conditions, whether Bitdeer will offer the Notes or be able to consummate the proposed Offering at the anticipated size or on the anticipated terms, or at all, and the satisfaction of closing conditions related to the proposed Offering, as well as discussions of potential risks, uncertainties and other factors discussed in the section entitled "Risk Factors” in Bitdeer’s annual report on Form 20-F, as well as those discussed in Bitdeer’s subsequent filings with the SEC.

SINGAPORE, Aug.15, 2024 (GLOBE NEWSWIRE) -- Bitdeer Technologies Group (Nasdaq: BTDR) ("Bitdeer” or the "Company”), a world-leading technology company for blockchain and high-performance computing, today announced a proposed registered underwritten public offering (the "Offering”) by the Company of US$150,000,000 aggregate principal amount of its convertible senior notes due 2029 (the "Notes”), subject to market and other conditions.

Such forward-looking statements include, among others, statements relating to Bitdeer’s expectations regarding the completion, timing and size of the proposed Offering, the proposed terms of the Notes and the expected use of proceeds from the sale of the Notes.

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Article Details

Author / Journalist: Bitdeer Technologies Group

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-15 @ 13:05:00 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 897 words

Reading Time: 5 minutes read

Sentences: 29 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © GlobeNewswire

News ID: 22086671

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Official Website: globenewswire.com

Update Frequency: 48 posts per day

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Headquarters: China

News Last Updated: 8 hours ago

Coverage Areas: China

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Publisher ID: #116

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