Company: FUFU
Filing Date: 2025-03-13
Form Type: 424B3
Source: 0001213900-25-023693
Chunk: 2

Company: Bitfufu Inc.
Filing Date: 2025-03-13
Form: 424B3
Chunk 2
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 51,750
Class A Ordinary Shares issued to Chardan as additional deferred underwriting compensation for which no cash consideration was paid by
Chardan; and (ix) 260,000 Class A Ordinary Shares issued to Aqua (as defined below), which were originally purchased by Aqua from the
Sponsor pursuant to the Aqua Stock Purchase Agreement (as defined below), at a purchase price of approximately $9.62 per share; (b) up
to 155,541 Class A Ordinary Shares issuable upon the exercise of 207,389 Warrants, which were originally issued concurrently with the
initial public offering of Arisz in a private placement to the Sponsor and exercisable for three-fourths (3/4) of one share of Arisz
Common Stock at $11.50 per one whole share; and (c) up to 207,000 Class A Ordinary Shares issuable upon the exercise of the Unit Purchase
Option for a total price of $2,314,375 (equivalent to $11.18 per share), which was originally issued to Chardan by Arisz in connection
with its initial public offering, which consists of (i) up to 115,000 Class A Ordinary Shares contained in the Option Units issuable
upon the exercise of the Unit Purchase Option (each unit exercisable at $11.50), (ii) up to 86,250 Class A Ordinary Shares issuable upon the exercise of the 115,000 Warrants (each warrant exercisable at $11.50) contained in the Option Units issuable upon the exercise of the Unit Purchase Option, and (iii) up to 5,750 Class A Ordinary Shares issuable upon the automatic conversion of the 115,000 rights (for which no additional consideration is needed) contained in the Option Units issuable upon the exercise of the Unit Purchase Option. See “ Selling Shareholders” for the details of these securities.

In connection with the Business
Combination, holders of 2,287,657 shares of Arisz Common Stock exercised their right to redeem their shares for cash at a redemption
price of approximately $11.14 per share, for an aggregate redemption amount of $25.4 million, representing approximately 96.0% of the
total shares of Arisz Common Stock then held by public stockholders of Arisz Common Stock. We and Arisz raised $74 million from PIPE
Investors and $2 million from the Sponsor, which amounted to $76 million in gross