Bitdeer prices 5.5M shares at $7.94 in registered direct offering

Bitdeer (BTDR) Technologies announced the pricing of its registered direct offering of 5,503,030 of its Class A ordinary shares, par value $0.0000001 per shares, to certain holders of its 5.25% convertible senior notes due 2029 at a price of $7.94 per Class A ordinary share in a direct placement registered under the Securities Act of 1933, as amended. The registered direct offering is expected to close on February 26, subject to customary closing conditions. Bitdeer estimates that the net proceeds from the registered direct offering will be approximately $43.5M, after deducting the estimated offering expenses payable by Bitdeer. Bitdeer estimates that the net proceeds from Bitdeer’s separately announced private offering of 5.00% Convertible Senior Notes due 2032 will be approximately $315.1M after deducting the initial purchasers’ discounts and estimated offering expenses payable by Bitdeer. Barclays Capital Inc. is acting as placement agent and ICR Capital LLC is acting as financial advisor for the registered direct offering.