Bitdeer Announces Proposed Private Placement of US$360.0 Million of Convertible Senior Notes
Bitdeer Technologies Group (BTDR)
Company Research
Source: GlobeNewswire
SINGAPORE, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Bitdeer Technologies Group (Nasdaq: BTDR) (“Bitdeer” or the “Company”), a world-leading technology company for blockchain and high-performance computing, today announced that it intends to offer, subject to market conditions and other factors, US$360.0 million principal amount of Convertible Senior Notes due 2029 (the “notes”) in a private placement (the “offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The Company also intends to grant the initial purchasers of the notes an option to purchase, within a 13-day period beginning on, and including, the date on which the notes are first issued, up to an additional US$40.0 million principal amount of notes. The notes will be general senior unsecured obligations of the Company and will accrue interest payable semiannually in arrears. Upon conversion, the Company will pay o
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- Bitdeer Technologies Group (NASDAQ: BTDR) had its price target raised by analysts at B. Riley from $15.00 to $24.00. They now have a "buy" rating on the stock.MarketBeat
- Bitdeer Technologies Group (NASDAQ: BTDR) had its price target raised by analysts at Roth Mkm from $15.00 to $29.00. They now have a "buy" rating on the stock.MarketBeat
- Bitdeer Technologies Group (NASDAQ: BTDR) had its price target raised by analysts at Benchmark Co. from $16.00 to $29.00. They now have a "buy" rating on the stock.MarketBeat
- Bitdeer Technologies Group (NASDAQ: BTDR) had its price target raised by analysts at Rosenblatt Securities from $17.00 to $22.00. They now have a "buy" rating on the stock.MarketBeat
BTDR
Earnings
- 11/18/24 - Miss
BTDR
Sec Filings
- 12/19/24 - Form EFFECT
- 12/11/24 - Form F-3
- 12/11/24 - Form 6-K
- BTDR's page on the SEC website