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Bitdeer Plans $400 Million Private Debt Offering, Class A Share Sale; Stock Down Pre-Bell

BY MT Newswires | CORPORATE | 11/13/25 05:58 AM EST

05:58 AM EST, 11/13/2025 (MT Newswires) -- Bitdeer Technologies (BTDR) said late Wednesday it plans a $400 million private placement of convertible senior unsecured notes due 2031.

The company intends to provide a 13-day overallotment option to the initial purchasers to buy up to an additional $60 million of the notes.

Separately, Bitdeer (BTDR) said it plans to offer its class A ordinary shares to certain holders of its 5.25% convertible senior notes due 2029 in a direct placement.

The company intends to use the net proceeds from the transactions to fund certain capped call deals, among other things.

Bitdeer (BTDR) shares were down 15% in recent premarket activity Thursday.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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