Company: FUFU
Filing Date: 2025-04-21
Form Type: 20-F
Source: 0001213900-25-033733
Chunk: 85

Company: Bitfufu Inc.
Filing Date: 2025-04-21
Form: 20-F
Item: Item 4
Chunk 85
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 and among us, Finfront, Merger Sub and Arisz, dated December 20, 2023.

Pursuant to the Merger Agreement,
the business combination was effected in two steps. On February 29, 2024, (i) Arisz merged with and into the Company with the Company
surviving the Redomestication Merger as a publicly traded entity; and (ii) immediately following the Redomestication Merger, Merger Sub
merged with and into Finfront, with Finfront surviving the Acquisition Merger as a wholly owned subsidiary of the Company.

At the Redomestication Merger
Effective Time, pursuant to the Redomestication Merger: (i) all units of Arisz were separated into individual components of Arisz Common
Stock, Arisz Warrant and Arisz Right and such units ceased to exist; (ii) each common stock of Arisz, issued and outstanding immediately
prior to the Redomestication Merger Effective Time (other than any redeemed shares), were automatically cancelled and ceased to exist,
and for each share of such Arisz Common Stock, the Company issued to each Arisz stockholder (other than Arisz stockholders who exercise
their redemption rights in connection with the Business Combination) one validly issued, fully paid Class A ordinary share of the Company,
par value US$0.0001 per share; (iii) each warrant of Arisz issued and outstanding immediately prior to Redomestication Merger Effective
Time was cancelled in exchange for one warrant of the Company to purchase three-fourths (3/4) of one Class A Ordinary Share; and (iv)
each right of Arisz that entitles the holders thereof to receive one-twentieth (1/20) of one Arisz Common Stock issued and outstanding
immediately prior to the Redomestication Merger Effective Time was cancelled in exchange for the number of full Class A ordinary shares
equal to the number of Arisz Common Stock to which the registered holder of Arisz Right would have been entitled, rounded to the nearest
whole share.

At the Effective Time (as
defined in the Merger Agreement), pursuant to the Acquisition Merger: (i) each ordinary share of Finfront (other than the ordinary shares
of Finfront held by Chipring Technology Limited, an entity controlled by Mr. Leo Lu, the founder and chief executive officer of the Company)
issued and outstanding immediately prior to the Effective Time was cancelled in exchange for the applicable