Item 8.01 Other Events
As previously disclosed, pursuant to the First Amendment to the Amended &
Restated Agreement and Plan of Merger dated May 30, 2022 by and among Blue
Safari Group Acquisition Corp. (NASDAQ: BSGA, the "Company"), Bitdeer
Technologies Holding Company ("Bitdeer") and other parties named therein,
Bitdeer has agreed to loan the Company an aggregate principal amount of $1.99
million in two tranches to fund any and all amounts required to extend the
period of time the Company has to complete a business combination (the
"Combination Period") for up to two (2) times for an additional three (3) months
period each time. The loan bears no interest and is repayable only at the
closing of a business combination by the Company.
On June 1, 2022, the Company issued a press release filed herewith, announcing
that on June 1, 2022, using the loan amount received to date, the Company has
deposited into the Company's trust account $575,000 (representing $0.10 per
Class A ordinary share) to extend the Combination Period from June 14, 2022 to
September 14, 2022. The materials attached as Exhibit 99.1 are incorporated by
reference herein.
Item 9.01. Financial Statements and Exhibits.
Exhibit No. Description
99.1 Press Release dated June 1, 2022
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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