Blue Safari Group Acquisition Corp.

Blue Safari Group Acquisition Corp.

BSGA
Blue Safari Group Acquisition Corp.US flagNASDAQ Capital Market
10.00
USD
+1.58
- -
35.06MMarket Cap
No data availableFinancial data will appear here once available

Capital Structure

FRC

in mil. unless spec.
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Working Capital

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Growth Rates

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Quarterly Revenue

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Quarterly Earnings Per Share

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Quarterly Dividends Per Share

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Company Description

APIChat
CEO
Alexander Yamashita
Sector
Financial Services
Industry
Shell Companies
Address
Cheung Kong Center Central Hong Kong
Business
Blue Safari Group Acquisition Corp. (BSGA), a blank check company incorporated in the British Virgin Islands on February 23, 2021 and headquartered at The Sun’s Group Center, 29th Floor, 200 Gloucester Road, Wan Chai, Hong Kong, focuses on effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, primarily targeting opportunities in financial technology, information technology, insurance technology and business services; it generates proceeds through public offerings of units comprising Class A ordinary shares and rights, private placements with its sponsor BSG First Euro Investment Corp., and trust account investments in U.S. government securities or equivalents. The company completed a $57.5 million initial public offering of 5.75 million units on Nasdaq under ticker BSGAU in June 2021, followed by private placement of 292,500 units. In a major development, BSGA entered into an amended merger agreement in December 2021 with Bitdeer Technologies Group and related entities, which culminated in a reverse merger effective April 13, 2023, resulting in BSGA's delisting from Nasdaq and its securities being acquired by Bitdeer Technologies Holding Co. Prior to the merger closing, the company extended its business combination deadline multiple times through 2023 via charter amendments approved by shareholders in December 2022, interest-free loans from Bitdeer totaling over $4.5 million for trust deposits and working capital, and significant redemptions exceeding $41 million of public shares.

Company News

APIChat
  • Bitdeer and Blue Safari Complete Business Combination

  • Bitcoin Mining Firm Bitdeer to Go Public in $4B SPAC Deal

  • Caught In The Headlights, Desperate Bitdeer Inches Closer To Listing

  • Jihan Wu's Crypto Mining Platform Bitdeer To Go Public In $4 Billion SPAC Deal

  • Bitdeer SPAC Merger: BSGA Stock Pops Ahead of Crypto Miner's Public Debut