Company: FUFU
Filing Date: 2025-03-13
Form Type: 424B3
Source: 0001213900-25-023693
Chunk: 17

Company: Bitfufu Inc.
Filing Date: 2025-03-13
Form: 424B3
Chunk 17
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 securities that they may
sell pursuant to this prospectus may be lower than that of our public shareholders, certain Selling Shareholders may still experience
a positive rate of return on the securities that they sell pursuant to this prospectus, and be incentivized to sell such shares, when
our public shareholders may not experience a similar rate of return. 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 “Risk Factors—Risks Related to the Offering—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.”