Bitdeer Technologies Group has announced a cleanup redemption of its outstanding 8.50% Convertible Senior Notes due 2029, totaling $7.7 million. The company plans to redeem all such notes on September 23, 2025, at a redemption price equal to 100% of the principal amount plus accrued interest. Holders of these notes have until September 19, 2025, to convert them into Class A ordinary shares at an enhanced conversion rate. This move allows Bitdeer to streamline its debt obligations and potentially increase its equity base.
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