Tether Injects $150 Million in Bitcoin Hardware Maker, Bitdeer: Details

Tether takes major stake in Bitdeer in latest Bitcoin investment

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The warrant comes with customary safeguards against dilution, including adjustments for share dividends, splits and similar actions. Additionally, it features weighted average anti-dilution protection for share issuances below the initial warrant exercise price. Tether reserves the right to exercise the warrant within a one-year window following the closing date.

Cantor Fitzgerald & Co. acted as the placement agent for this private transaction. However, the securities cannot be offered or sold within the United States without registration or an exemption. Bitdeer said it is committed to filing the necessary registration statements with the U.S. Securities and Exchange Commission to facilitate the resale of the shares connected to the recent private placement.

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