NEW
YORK, Sept. 6, 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 September 14, 2022 to December 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 September 6, 2022, the Company used $575,000 of the loan amount received to extend
the Applicable Deadline to December 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.
Naphat Sirimongkolkasem
Blue Safari Group Acquisition Corp.
info@bluesafari.co
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SOURCE Blue Safari Group Acquisition Corp