Company: ABTS
Filing Date: 2025-05-30
Form Type: F-3/A
Source: 0001641172-25-013026
Chunk: 23

Company: Abits Group Inc
Filing Date: 2025-05-30
Form: F-3/A
Chunk 23
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 the future, if the PCAOB determines that it is unable to inspect or investigate our auditor completely, or if there is any regulatory change or step taken by any regulators that does not permit our auditor to provide audit documentations to the PCAOB for inspection or investigation, our investors would be deprived of the benefits of such inspection. Any audit reports not issued by auditors that are completely inspected or investigated by the PCAOB, or a lack of PCAOB inspections of audit work undertaken in mainland China or Hong Kong that prevents the PCAOB from regularly evaluating our auditors’ audits and their quality control procedures, could result in a lack of assurance that our financial statements and disclosures are adequate and accurate, which could result in restriction to our access to the U.S. capital markets, and trading of our securities, including trading on the national exchange or “over-the-counter” markets, may be prohibited under the HFCAA.

Implication of Being a Foreign Private Issuer

We are a foreign private issuer within the meaning of the rules under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). As such, we are exempt from certain provisions applicable to United States domestic public companies. For example:

| ● | we                                                                                                                                  
 are not required to provide as many Exchange Act reports or provide periodic and current reports as frequently as a domestic public 
 company;                                                                                                                            |

| ● | we                                                                                                                                
 are exempt from certain U.S. federal securities law provisions applicable to U.S. domestic issuers and are also permitted to rely 
 on exemptions from certain Nasdaq corporate governance standards applicable to U.S. issuers, and such exemptions may afford less  
 protection to shareholders;                                                                                                       |

| ● | we                                                                                                          
 are not required to provide the same level of disclosure on certain issues, such as executive compensation; |

| ● | we                                                                                                                                         
 are exempt from certain provisions of Regulation FD aimed at preventing issuers from making selective disclosures of material information; 
 and                                                                                                                                        |

| ● | we                                                                                                                                  
 are not required to comply with the sections of the Exchange Act regulating the solicitation of proxies, consents or authorizations 
 in respect of a security registered under the Exchange Act.                                                                         |

| 9 |

Cash Flows through Our Organization

Abits is a holding company with no operations of its own. It conducts substantially all of its operations through its principal subsidiary based in the U.S., Abit USA.

Our PRC subsidiary, Bitmatrix, is a stand-alone operation that has its own banking account in China, currently with cash