Blue Safari Group Acquisition Corp. announced that it has received $2.925 million in funding from BSG First Euro Investment Corp.

Blue Safari Group Acquisition Corp. announced a private placement of up to 292,500 units at a price of $10 per share for gross proceeds of $2,925,000 on June 9, 2021. The transaction will include participation from BSG First Euro Investment Corp.

Each unit will consist of one common share and one right. Each right will entitle the holder to receive one-tenth of one class A common share. The company has granted an over-allotment option to issue up to 22,500 additional units, if exercised will result in aggregate proceeds of $2,925,000.