Item 7.01 Regulation FD Disclosure.
On December 6, 2022, the Company issued a press
release (the “Press Release”) announcing extension of the combination period and entry into the Second Amendment.
The Press Release is attached hereto as Exhibit 99.1 and incorporated herein by reference.
The information in this Item 7.01, including
Exhibit 99.1, is furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934,
as amended (the “Exchange Act”), or otherwise be subject to the liabilities of that section, nor shall it be deemed
to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly
set forth by specific reference in such filing. This Current Report will not be deemed an admission as to the materiality of any information
of the information in this Item 7.01, including Exhibit 99.1.
Cautionary Statement Regarding Forward-Looking
Statements
This communication contains “forward-looking
statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are typically identified
by words such as “will,” “are expected to,” “is anticipated,” “estimated,” “believe,”
“intend,” “plan,” “projection,” “pro forma,” “outlook” or words of similar
meaning. These forward-looking statements include, but are not limited to, statements regarding the proposed business combination (the
“Business Combination”) between Blue Safari and Bitdeer, including the expected transactions and the likelihood, timing
and ability of the parties to successfully consummate the proposed Business Combination. Such forward-looking statements are based upon
the current beliefs and expectations of Blue Safari’s and Bitdeer’s management and are inherently subject to significant business,
economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond Blue Safari’s
or Bitdeer’s control. Actual results and the timing of events may differ materially from the results anticipated in these forward-looking
statements.
Nothing in this Current Report should be regarded
as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated
results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which
speak only as of the date they are made. Except as may be required by law, neither Blue Safari nor Bitdeer undertakes any duty to update
these forward-looking statements.
Additional Information and Where to Find
It
In
connection with the proposed Business Combination, Blue Safari intends to file relevant materials with the SEC, including a proxy statement
which will be part of a registration statement on Form F-4 (the “Registration Statement”) to register securities to
be issued in connection with the Business Combination, and will file other documents regarding the proposed Business Combination with
the SEC. Blue Safari’s shareholders and other interested persons are advised to read, when available, the preliminary proxy statement/prospectus
and the amendments thereto and the definitive proxy statement to be filed in connection with the proposed Business Combination, as these
materials will contain important information about Bitdeer, Blue Safari, and the proposed Business Combination. Promptly after the Registration
Statement is declared effective by the SEC, Blue Safari will mail the definitive proxy statement/prospectus and a proxy card to each shareholder
entitled to vote at the meeting relating to the approval of the Business Combination and other proposals set forth in the Registration
Statement. Before making any voting or investment decision, investors and shareholders of Blue Safari are urged to carefully read the
entire Registration Statement and the proxy statement/prospectus to be included therein, when they become available, and any other relevant
documents filed with the SEC, as well as any amendments or supplements thereto in relation to the proposed Business Combination, because
they will contain important information about the proposed Business Combination. The documents filed by Blue Safari and other parties
with the SEC may be obtained free of charge at the SEC’s website at www.sec.gov.
This communication does not constitute an offer
to sell or the solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any sale
of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under
the securities laws of any such jurisdiction.
Participants in the Solicitation
Blue Safari and their directors and executive
officers may be deemed participants in the solicitation of proxies from Blue Safari’s shareholders with respect to the Business
Combination. A list of the names of those directors and executive officers and a description of their interests in the proposed transactions
will be included in the Registration Statement for the Business Combination when available at www.sec.gov. Information about Blue Safari’s
directors and executive officers and their ownership of Blue Safari’s securities is set forth in Blue Safari’s annual report
on Form 10-K for the year ended December 31, 2021. Other information regarding the interests of the participants in the proxy solicitation
will be included in the Registration Statement pertaining to the Business Combination when it becomes available. These documents can be
obtained free of charge from the source indicated above.
Bitdeer and its directors and executive officers
may also be deemed to be participants in the solicitation of proxies from the shareholders of Blue Safari in connection with the Business
Combination. A list of the names of such directors and executive officers and information regarding their interests in the proposed
Business Combination will be included in the Registration Statement for the Business Combination when available.