Company: FUFU
Filing Date: 2025-03-05
Form Type: POS AM
Source: 0001213900-25-020703
Chunk: 39

Company: Bitfufu Inc.
Filing Date: 2025-03-05
Form: POS AM
Chunk 39
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 differential between the then-prevailing share price and the warrant exercise price, so that if the share
price declines as a result of our redemption call, the redemption will not cause the share price to drop below the exercise price of
the warrants; however, such redemption may occur at a time when the redeemable warrants are “out-of-the-money,” in which
case you would lose any potential embedded value from a subsequent increase in the value of our common stock had your warrants remained
outstanding. Historical trading prices for our common stock have not exceeded the $16.50 per share threshold at which the public warrants
would become redeemable. However, this could occur in connection with or after the closing of the Business Combination.

In the event we determined
to redeem the public warrants, holders of redeemable warrants will be notified of such redemption as described in our warrant agreement.
Specifically, in the event that we elect to redeem all of the redeemable warrants as described above, we will fix a date for the redemption
(the “Redemption Date”). Notice of redemption will be mailed by first class mail, postage prepaid, by us not less than 30 days
prior to the Redemption Date to the registered holders of the warrants to be redeemed at their last addresses as they appear on the registration
books. Any notice mailed in the manner provided in the warrant agreement will be conclusively presumed to have been duly given whether
or not the registered holder received such notice. In addition, beneficial owners of the redeemable warrants will be notified of such
redemption via posting of the redemption notice to DTC.

Unit Purchase Option

In connection with its initial
public offering, Arisz sold to Chardan, for $100, an option to purchase up to a total of 100,000 Option Units (increased to 115,000 Option
Units after the over-allotment was exercised in full) exercisable, in whole or in part, at $11.50 per unit, commencing on the consummation
of the Business Combination. The Unit Purchase Option may be exercised for cash or on a cashless basis, at the holder’s option,
and expires on November 17, 2026, being the five-year anniversary of the effective date of the registration statement in relation to
Arisz’s initial public offering. Upon exercise, each Option Unit contains one Class A Ordinary Share, one Warrant and one right
of the Company. Each Warrant entitles its holder to purchase three fourths (3/