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Tuesday, January 31, 2023

Bridgetown (NASDAQ: BTNB) Confirms Expected Closing Date for Proposed Business Merger with PropertyGuru

Bridgetown 2 Holdings Limited (NASDAQ: BTNB) announced that the planned business merger with PropertyGuru Pte. Ltd. (PropertyGuru), a prominent PropTech company in Southeast Asia, is scheduled to close on or around March 17, 2022, pending shareholder authorization.

The company has called an Extraordinary General Meeting of Company shareholders for March 15, 2022, to vote on the Business merger and other recommendations outlined in the Proxy Statement (the Proposals). It has been disclosed that if the proposals are approved by shareholders and the Business merger is completed, the Group intends to delist its Class A Ordinary Shares from Nasdaq on or around March 17, 2022.

Furthermore, the company is anticipating that PubCo will commence trading on the NYSE on or around March 18, 2022, contingent upon the authorization of the NYSE. Presently, the Company’s Class A Ordinary Shares are listed on The Nasdaq Stock Market and trade under the ticker “BTNB.”

In addition, holders of Company Class A Ordinary Shares will become holders of PubCo Ordinary Shares unless they choose to redeem their Company Class A Ordinary Shares adequately ahead of the Extraordinary General Meeting, as further specified in the Proxy Statement.

Moreover, Bridgetown 2 shareholders are informed that as of February 3, 2022, the record date for the Extraordinary General Meeting (the record date), they may vote their shares in person, virtually, or by proxy card in advance to guarantee that their shares are recognized at the Extraordinary General Meeting.

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