Blue Safari Group Acquisition Corp.
BSGAU
NASDAQ Capital Market11.29
USD
+3.29
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Blue Safari Group Acquisition Corp.
BSGAU
(NASDAQ Capital Market)
Recent
price
11.29
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Similar Companies
- Business
- Blue Safari Group Acquisition Corp. (BSGAU) operates as a blank check company, or special purpose acquisition company (SPAC), focused on effecting a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses, primarily targeting sectors such as FinTech, InfoTech, InsurTech, technology, healthcare, and consumer industries. The company, incorporated in 2021 and headquartered in Wan Chai, Hong Kong, with additional references to Delaware incorporation, conducts no significant operations prior to completing a business combination and holds proceeds from its initial public offering in a trust account for deployment in a target acquisition. Sponsored by BSG First Euro Investment Corp., a British Virgin Islands entity, it maintains a lean structure with three employees and leverages management expertise in corporate finance, mergers and acquisitions, and capital markets. In April 2023, Blue Safari Group Acquisition Corp. completed a reverse merger business combination with Bitdeer Technologies Group, a cryptocurrency mining technology company, valuing the deal at an implied enterprise value of approximately $1.18 billion for Bitdeer; post-combination, Bitdeer ordinary shares began trading on Nasdaq under the ticker BTDR, while BSGAU units were suspended from trading. The company raised $57.5 million in its June 2021 Nasdaq IPO underwritten by Maxim Group, achieving 101% cash in trust, and previously extended its completion deadline through trust contributions amid delays in finalizing the Bitdeer transaction announced in November 2021. As of late 2025, BSGAU shares continue to trade over-the-counter at around $11.29, reflecting post-merger residual unit value without further announced strategic shifts, partnerships, or new offerings.
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