Bushveld Minerals to receive 22% stake in VRFB after note redemption
Bushveld Minerals Ltd on Wednesday said holders of convertible loan notes in Mustang Energy PLC have elected to redeem their notes.
Bushveld is a South Africa-focused iron ore and tin exploration and development company, while Mustang is a London-based special purpose acquisition company focused on energy storage and stationary battery assets.
Following the redemption, Mustang will transfer its 22% interest in VRFB Holdings Ltd, meaning that VRFB will be wholly owned by Bushveld and Acacia Resources Ltd.READ
Bitdeer, B. Riley Financial enter into agreement for $150M share purchase
Bitdeer, a crypto mining firm spun off from mining manufacturer Bitmain, has entered into an agreement with the financial services firm B. Riley Financial to sell up to $150 million of its Class A ordinary shares.
According to an Aug. 9 filing with the United States Securities and Exchange Commission (SEC), B. Riley will have the right, but not the obligation, to purchase a specified number of Bitdeer’s shares over three years. The agreement’s rules include a maximum purchase of 1 million shares or 25% of Bitdeer’s shares traded on the Nasdaq during the purchase period.
Bitdeer went public in a SPAC deal with Blue Safari Group in April, following months of delays due to the crypto winter.READ