Bitdeer Has Hinted Their Public Offering May Be Delayed Until 2023

Bitdeer recently announced that it was going to make a public offering in the year 2022. However, the latest updates from Bitdeer regarding the public offering are not looking good.

Bitdeer is a cryptocurrency mining firm that was previously part of Bitmain, a mining firm that was based in China.

Bitdeer’s Public Offering Delayed

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According to the officials at Bitdeer, they will have to delay the public offering for another year. Following the delay, Bitdeer would make its public debut in the year 2023.

The company announced that they recently held a vote among the shareholders to know if they were okay with Bitdeer’s public offering in 2022.

The shareholders at the Blue Safari Group Acquisition Corp., a SPAC, were not convinced to do it in the year 2022. Instead, they voted for the company to be publicly listed in the year 2023.

It was then decided that it was in the better interest of the company to listen to the final decision of the shareholders. Now the company is going to go for the public listing in the year 2023.

Filing Submitted by Blue Safari

The officials at Blue Safari, a Special Purpose Acquisition Company (SPAC) submitted a filing at the US Securities and Exchange Commission on November 2.

It was added in the filing that a meeting would be held among the shareholders to call a vote on the company’s public offering.

The meeting plus the voting would be carried out by the end of the running year. It will be decided in the meeting through voting when in 2023 the company would be listed publicly.

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However, there is also a possibility that the shareholders may decide if the company’s public offering deadline would be extended or not.

Blue Safari has also revealed that the deal with Bitdeer is not for a long period of time. Instead, the meeting would also decide whether they would extend their deal with Bitdeer beyond the deadline or not.

It was back in November 2021 when Bitdeer announced that it had formed a deal that would see it merged with Blue Safari. The deal with the company was to achieve a public offering somewhere in 2022.

However, things have not gone as planned by Bitdeer and the situation seems to be forcing the mining company to extend its public offering plans.

Shareholders to Extend the Deal until December 2023

According to the sources, there is a possibility that the shareholders may side with staying merged with Bitdeer for another year.

This would mean that Bitdeer would have until the end of December 2023 to make a public offering. However, the decision is completely based on the voting to be carried out by the end of 2022.