Company: FUFU
Filing Date: 2025-03-05
Form Type: POS AM
Source: 0001213900-25-020703
Chunk: 38

Company: Bitfufu Inc.
Filing Date: 2025-03-05
Form: POS AM
Chunk 38
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isz Sponsor, in a private placement in connection with Arisz’s initial public offering
was exchanged for a corresponding warrant exercisable for Class A Ordinary Shares.

The Warrants have the same
terms as the Arisz Warrants. Each Warrant entitles the holder thereof to purchase three-fourths (3/4) of one (1) Class A Ordinary
Share at a price of $11.50 per full share. Our Company will not issue fractional shares. As a result, a warrant holder must exercise
its Warrants in multiples of four, at a price of $11.50 per full share, subject to adjustment, to validly exercise the Warrants. The
Warrants became exercisable on the completion of the Business Combination, and will expire five years after the consummation of
the Business Combination.

Our Company may redeem the
outstanding Warrants (excluding the private warrants that are part of the Private Units), in whole and not in part, at a price of $0.01
per warrant:

| ● | at any time while the warrants are 
 exercisable,                       |

| ● | upon not less than 30 days’                                
 prior written notice of redemption to each warrant holder, |

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| ● | if, and only if, the reported last                                                    
 sale price of the Class A Ordinary Shares equals or exceeds $16.50 per share, for any 
 20 trading days within a 30 trading day period ending on the third business day       
 prior to the notice of redemption to warrant holders, and                             |

| ● | if, and only if, there is a current                                                       
 registration statement in effect with respect to the Class A Ordinary Shares underlying   
 such warrants at the time of redemption and for the entire 30-day trading period referred 
 to above and continuing each day thereafter until the date of redemption.                 |

If the foregoing conditions
are satisfied and our Company issues a notice of redemption, each warrant holder can exercise his, her or its Warrant prior to the scheduled
redemption date. However, the price of the Class A Ordinary Shares may fall below the $16.50 trigger price as well as the $11.50
warrant exercise price per full share after the redemption notice is issued and not limit our Company’s ability to complete the
redemption.

The redemption criteria for
our Warrants have been established at a price which is intended to provide warrant holders a reasonable premium to the initial exercise
price and provide a sufficient