Company: FUFU
Filing Date: 2025-03-05
Form Type: POS AM
Source: 0001213900-25-020703
Chunk: 44

Company: Bitfufu Inc.
Filing Date: 2025-03-05
Form: POS AM
Chunk 44
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 not experience a similar rate of return. Certain of the securities being registered for sale
pursuant to this prospectus were purchased by certain Selling Shareholders at prices below the current market price of our Class A Ordinary
Shares. Based on the closing price of our Class A Ordinary Shares of $5.00 on February 28, 2025, (a) Antdelta (with respect to the shares
issued to Antdelta in connection with the Business Combination) may experience potential profit of up to $4.79 per share; (b) ESOP may
experience potential profit of up to $5.00 per share; (c) the Sponsor (other than with respect to the Backstop Shares and Arisz Private
Units Shares) and certain directors and officers of Arisz may experience potential profit of up to $4.99 per share; and (d) Chardan (with
respect to the shares that it received as additional deferred underwriting compensation) may experience profit of up to $5.00 per share.
The aggregate amount of profit for such Selling Shareholders would be $80.0 million. Accordingly, such Selling Shareholders may have an
incentive to sell their securities even the trading price is lower than the price at which our public shareholders purchased their securities.
In connection with the initial public offering of Arisz, Arisz’s initial public shareholders acquired Arisz Public Units at a price
of $10.00 per unit, each of which comprises one share of Arisz Common Stock, one Arisz Warrant and one Arisz Right, and trading price
of our Class A Ordinary Shares have fluctuated, and may continue to fluctuate, following the closing of the Business Combination. As a
result, our public shareholders may not be able to achieve the same returns as Antdelta, ESOP, the Sponsor or Chardan, or even any positive
return at all, on the Class A Ordinary Shares if they sell our Class A Ordinary Shares in the market at the then-prevailing market prices.
See “Item 3. Key Information—D. Risk Factors—Risk Factors—Risks Related to Our Securities—Sales of a substantial
number of our securities in the public market by our existing shareholders could cause the price of our Class A Ordinary Shares and Warrants
to fall, and certain Selling Shareholders can earn a positive rate of return on their investment, even if other shareholders experience
a negative rate of return” in our most recent annual report on Form 20-F,