Blue Safari Group Acquisition Corp. Announces Extension of Combination Period and Second Amendment to the Merger Agreement

HONG KONG, Dec. 6, 2022 /PRNewswire/ -- Blue Safari Group Acquisition Corp. (NASDAQ: BSGA, the "Company" or "Blue Safari"), a special purpose acquisition company, announced today that, at its extraordinary general meeting of shareholders on December 5, 2022 (the "Meeting"), the Company's shareholders voted in favor of the proposal to amend and restate its amended and restated memorandum and articles of association, giving the Company the right to extend the date by which the Company has to complete a business combination (the "Combination Period") up to four (4) times for an additional three (3) months each time, from December 14, 2022 to December 14, 2023. In connection with the Meeting, 4,031,612 Class A ordinary shares were tendered for redemption.  On December 5, 2022, the Company made a deposit of $257,758.20 to the trust account and extended the Combination Period from December 14, 2022 to March 14, 2023. Following such redemptions and the deposit, the amount of funds remaining in the trust account is approximately $18.15 million.