Bitdeer Technologies Group, a leading technology company in Bitcoin mining, announced a proposed private placement of $300 million in Convertible Senior Notes due 2031. The offering is aimed at qualified institutional buyers under specific securities regulations. Additionally, Bitdeer plans to grant an option to initial purchasers to buy up to an additional $45 million in notes. The company intends to enter into a zero-strike call option transaction with one of the initial purchasers to facilitate privately negotiated derivative transactions, offering investors a hedging mechanism for their investment. These financial activities may influence the market price of Bitdeer's Class A ordinary shares and the notes.
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