Bitdeer Announces New Share Repurchase Program
Ticker: BTDR · Form: 6-K · Filed: Sep 6, 2024 · CIK: 1899123
| Field | Detail |
|---|---|
| Company | Bitdeer Technologies Group (BTDR) |
| Form Type | 6-K |
| Filed Date | Sep 6, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Key Dollar Amounts | $10,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-repurchase, board-authorization
TL;DR
Bitdeer just authorized a new buyback program, signaling confidence.
AI Summary
Bitdeer Technologies Group announced on September 6, 2024, that its board of directors has authorized a new share repurchase program. The company has not yet disclosed the total amount authorized for this program.
Why It Matters
Share repurchases can signal management's confidence in the company's valuation and potentially increase earnings per share.
Risk Assessment
Risk Level: low — The filing is a routine announcement of a share repurchase program authorization, with no immediate negative financial implications.
Key Players & Entities
- Bitdeer Technologies Group (company) — Registrant
- September 6, 2024 (date) — Date of board authorization
FAQ
What is the total amount authorized for the new share repurchase program?
The filing states that the board of directors authorized a new share repurchase program on September 6, 2024, but does not specify the total authorized amount.
When was the new share repurchase program authorized?
The new share repurchase program was authorized by the board of directors on September 6, 2024.
What form is this report filed under?
This report is filed as a Form 6-K.
What is Bitdeer Technologies Group's principal executive office address?
Bitdeer Technologies Group's principal executive offices are located at 08 Kallang Avenue Aperia tower 1, #09-03/04 Singapore 339509.
Does Bitdeer Technologies Group file annual reports under Form 20-F or Form 40-F?
Bitdeer Technologies Group files annual reports under Form 20-F.
Filing Stats: 242 words · 1 min read · ~1 pages · Grade level 11.1 · Accepted 2024-09-06 07:25:04
Key Financial Figures
- $10,000,000 — hich the Company may repurchase up to US$10,000,000 worth of its Class A ordinary shares, e
Filing Documents
- ef20035607_6k.htm (6-K) — 9KB
- 0001140361-24-040308.txt ( ) — 10KB
From the Filing
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of September 2024 Commission file number: 001-41687 BITDEER TECHNOLOGIES GROUP 08 Kallang Avenue Aperia tower 1, #09-03/04 Singapore 339509 (Address of Principal Executive Offices) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-F Form 40-F INCORPORATION BY REFERENCE This report on Form 6-K is hereby incorporated by reference in the registration statements of Bitdeer Technologies Group on Form F-3 (No. 333-273905, No. 333-278027, No. 333-278029 and No. 333-280041 ) and Form S-8 (No. 333-272858 and No. 333-275342), to the extent not superseded by documents or reports subsequently filed or furnished. SHARE REPURCHASE PROGRAM On September 6, 2024, the board of directors (the " Board ") of Bitdeer Technologies Group (the " Company ") approved a share repurchase program under which the Company may repurchase up to US$10,000,000 worth of its Class A ordinary shares, effective from September 9, 2024 through September 8, 2025. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Bitdeer Technologies Group By: /s/ Jihan Wu Name: Jihan Wu Title: Chairman of the Board and Chief Executive Officer Date: September 6, 2024