HONG
KONG, June 1, 2022 /PRNewswire/ -- Blue Safari
Group Acquisition Corp. (NASDAQ: BSGA, the "Company"), a
special purpose acquisition company, announced today that it has
deposited into the Company's trust account (the "Trust Account") an
aggregate of $575,000 (representing
$0.10 per Class A ordinary share), in
order to extend the period of time the Company has to complete a
business combination (the "Combination Period") for an additional
three (3) months period, with the applicable deadline (the
"Applicable Deadline) extended from June 14,
2022 to September 14, 2022. As
previously disclosed, pursuant to the First Amendment Amended &
Restated Agreement and Plan of Merger dated May 30, 2022 by and among 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
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
used $575,000 of the loan amount
received to extend the Applicable Deadline to September 14, 2022.
About Blue Safari Group Acquisition Corp.
Blue Safari Group Acquisition Corp. is a British Virgin Islands company incorporated as
a blank check company for the purpose of entering into a merger,
share exchange, asset acquisition, share purchase,
recapitalization, reorganization or similar business combination
with one or more businesses or entities.
Forward-Looking Statements
This press release includes forward-looking statements that
involve risks and uncertainties. Forward-looking statements are
statements that are not historical facts. Such forward-looking
statements, including the successful consummation of the Company's
initial public offering, are subject to risks and uncertainties,
which could cause actual results to differ from the forward-looking
statements. The Company expressly disclaims any obligations or
undertaking to release publicly any updates or revisions to any
forward-looking statements contained herein to reflect any change
in the Company's expectations with respect thereto or any change in
events, conditions or circumstances on which any statement is
based.
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SOURCE Blue Safari Group Acquisition Corp