Bitdeer Technologies (BTDR) has released an update.
Bitdeer Technologies Group is set to issue $150 million in 8.50% Convertible Senior Notes due 2029, with an option for underwriters to purchase an additional $22.5 million. The agreement involves BTIG, LLC as the representative for the underwriters and the notes will be convertible into Class A ordinary shares. This financial move is facilitated through an indenture with U.S. Bank Trust Company as the trustee.
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