Goodwin’s Capital Markets team represented the initial purchasers on Bitdeer Technologies Group’s Rule 144A offering of $400 million aggregate principal amount of 5.25% Convertible Senior Notes due 2029. In connection with the offering, Goodwin advised an investment bank that executed a zero-strike call option with Bitdeer to create synthetic stock borrow for purchasers of the notes, which allowed for an increased offering size. Bitdeer used a portion of the net proceeds from the offering to purchase the zero-strike call option and a portion of the remaining net proceeds together with its Class A ordinary shares to repurchase approximately $74.8 million principal amount of its 8.50% Convertible Senior Notes due 2029.
Bitdeer (Nasdaq: BTDR) is a world-leading technology company for blockchain and high-performance computing. Bitdeer is committed to providing comprehensive computing solutions for its customers. The Company handles complex processes involved in computing such as equipment procurement, transport logistics, datacenter design and construction, equipment management, and daily operations. The Company also offers advanced cloud capabilities to customers with high demand for artificial intelligence. Headquartered in Singapore, Bitdeer has deployed datacenters in the United States, Norway, and Bhutan.
Goodwin’s product team consisted of Jim Barri, John Servidio, Kim de Glossop, and Tom Underwood. The corporate team consisted of Ben Marsh, Justin Platt, Alicia Tschirhart, Lauren Zhang, Haylee Brown and Sasha Gawronska Madani. The regulatory and specialist teams consisted of Mitzi Chang (Digital Currency & Blockchain); Bill Stern (AML); Dan Karelitz and Garrett Gaughan (Tax); and Jason Wilcox (Global Trade).
For more information, please see Bitdeer’s Pricing Press Release for the offering.
Bitdeer (Nasdaq: BTDR) is a world-leading technology company for blockchain and high-performance computing. Bitdeer is committed to providing comprehensive computing solutions for its customers. The Company handles complex processes involved in computing such as equipment procurement, transport logistics, datacenter design and construction, equipment management, and daily operations. The Company also offers advanced cloud capabilities to customers with high demand for artificial intelligence. Headquartered in Singapore, Bitdeer has deployed datacenters in the United States, Norway, and Bhutan.
Goodwin’s product team consisted of Jim Barri, John Servidio, Kim de Glossop, and Tom Underwood. The corporate team consisted of Ben Marsh, Justin Platt, Alicia Tschirhart, Lauren Zhang, Haylee Brown and Sasha Gawronska Madani. The regulatory and specialist teams consisted of Mitzi Chang (Digital Currency & Blockchain); Bill Stern (AML); Dan Karelitz and Garrett Gaughan (Tax); and Jason Wilcox (Global Trade).
For more information, please see Bitdeer’s Pricing Press Release for the offering.