Company: FUFU
Filing Date: 2025-03-05
Form Type: POS AM
Source: 0001213900-25-020703
Chunk: 31

Company: Bitfufu Inc.
Filing Date: 2025-03-05
Form: POS AM
Chunk 31
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 their respective securities. There is no guarantee that the Warrants
or the Unit Purchase Option will be in the money prior to their expiration, and as such, the Warrants and the Unit Purchase Option may
expire worthless and we may receive no proceeds from the exercise of these securities. To the extent that any of the Warrants or the Unit
Purchase Option are exercised on a “cashless basis,” the amount of cash we would receive from the exercise of the respective
securities will decrease. We do not expect to rely on the cash exercise of Warrants and the Unit Purchase Option to fund our operations.
Instead, we intend to rely on our primary sources of cash discussed elsewhere in this prospectus to continue to support our operations.
For additional information, see “Item 5. Operating and Financial Review and Prospects—B. Liquidity and Capital Resources”
in our most recent annual report on Form 20-F, incorporated herein by reference.

<div align='center'>9

DESCRIPTION OF SECURITIES</div>

General

A summary of the material
provisions governing the Company’s share capital is described below. This summary is not complete and should be read together with
the Company’s Amended and Restated Memorandum and Articles of Association.

We are a Cayman Islands exempted
company with limited liability and our affairs is governed by the Company’s Amended and Restated Memorandum and Articles of Association,
the Companies Act, and the common law of the Cayman Islands. The Company’s authorized share capital consists of 500,000,000 Ordinary
Shares, consisting of 300,000,000 Class A Ordinary Shares of a par value of $0.0001 each and 200,000,000 Class B Ordinary Shares
with a par value of $0.0001 each. All Ordinary Shares issued and outstanding were fully paid and non-assessable.

The following are summaries
of the material provisions of the Company’s Amended and Restated Memorandum and Articles of Association and the Companies Act insofar
as they relate to the material terms of the Ordinary Shares.

Ordinary Shares

Our Ordinary Shares are divided
into Class A Ordinary Shares and Class B Ordinary Shares. Holders of Class A Ordinary Shares and Class B Ordinary
Shares have the same rights except for voting and conversion rights. Each Class A Ordinary Share shall entitle the holder thereof
to one (1) vote on all matters subject to vote at the general meetings, and each Class B Ordinary Share shall entitle the holder
thereof