Company: ABTS
Filing Date: 2025-12-02
Form Type: F-3/A
Source: 0001493152-25-025631
Chunk: 23

Company: Abits Group Inc
Filing Date: 2025-12-02
Form: F-3/A
Chunk 23
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 articles of association giving effect to the share consolidation.

On February 13, 2025, theBoard of Directors approved a share consolidation of the Company’s authorized and issued ordinary
shares and preferred shares at the ratio of one-for-fifteen (the “Reverse Split”). The Reverse Split of the ordinary shares
was effected on the Nasdaq Capital Market at the open of business on March 10, 2025. Following the completion of the Reverse Split, the
Company currently has 2,369,995 ordinary shares and 333,333 preferred shares outstanding.

On March 24, 2025, Nasdaq notified
the Company that it has determined that for 10 consecutive business days, from March 10, 2025 through March 21, 2025, the closing bid
price of the Company’s ordinary shares has been at $1.00 per share or greater. As a result, the Company has regained
compliance with Nasdaq’s Minimum Bid Price Requirement.

Summary of Risk Factors

Investing in our ordinary shares involves a high degree of risk. This summary does not address all of the risks that we face. Please refer to the information contained in and incorporated by reference under the heading “Risk Factors” on page 13 of this prospectus.

Risks Related to Our Business and Operations

| ● | Our                                                                                                                                          
 results of operations are expected to vary with bitcoin price volatility.                                                                    |
| ● | Our                                                                                                                                          
 mining operating costs could outpace our mining revenues, which could seriously harm our business or increase our losses.                    |
| ● | We                                                                                                                                           
 have an evolving business model which is subject to various uncertainties.                                                                   |
| ● | Regulatory                                                                                                                                   
 changes or actions may alter the nature of an investment in us or restrict the use of cryptocurrencies in a manner that adversely            
 affects our business, prospects or operations.                                                                                               |
| ● | The                                                                                                                                          
 development and acceptance of cryptographic and algorithmic protocols governing the issuance of and transactions in cryptocurrencies         
 is subject to a variety of factors that are difficult to evaluate.                                                                           |
| ● | The                                                                                                                                          
 decentralized nature of bitcoin systems may lead to slow or inadequate responses to crises, which may negatively affect our business.        |
| ● | Our                                                                                                                                          
 bitcoins may be subject to loss, theft or restriction on access.                                                                             |
| ● | Incorrect                                                                                                                                    
 or fraudulent bitcoin transactions may be irreversible.                                                                                      |
| ● | Our                                                                                                                                          
 future success will depend in large part upon the value of bitcoin; the value of bitcoin may