Company: FUFU
Filing Date: 2025-04-21
Form Type: 20-F
Source: 0001213900-25-033733
Chunk: 74

Company: Bitfufu Inc.
Filing Date: 2025-04-21
Form: 20-F
Item: Item 3
Chunk 74
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 financial accounting standards
until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a
class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards.
The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but
any such election to opt out is irrevocable. If we elect not to opt out of such extended transition period, which means that when a standard
is issued or revised and we have different application dates for public or private companies, we, as an emerging growth company, can adopt
the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of our financial
statements with certain other public companies difficult or impossible because of the potential differences in accounting standards used.

Furthermore, even after we
no longer qualify as an “emerging growth company,” as long as we continue to qualify as a foreign private issuer under the
Exchange Act, we will be exempt from certain provisions of the Exchange Act that are applicable to U. S. domestic public
companies, including, but not limited to, the sections of the Exchange Act regulating the solicitation of proxies, consents or authorizations
in respect of a security registered under the Exchange Act; the sections of the Exchange Act requiring insiders to file public
reports of their stock ownership and trading activities and liability for insiders who profit from trades made in a short period of time;
and the rules under the Exchange Act requiring the filing with the SEC of quarterly reports on Form 10-Q containing unaudited
financial and other specified information, or current reports on Form 8-K, upon the occurrence of specified significant
events. In addition, we will not be required to file annual reports and financial statements with the SEC as promptly as U. S. domestic
companies whose securities are registered under the Exchange Act, and are not required to comply with Regulation FD, which restricts
the selective disclosure of material information.

As a result, our shareholders
may not have access to certain information they deem important. We cannot predict if investors will find the Class A ordinary shares less
attractive because we rely on these exemptions. If some investors find the Class A ordinary shares less attractive as a result, there
may be a less active trading market and share price for the Class A ordinary shares may be more volatile.

We may be or become a