Company: FUFU
Filing Date: 2025-03-13
Form Type: 424B3
Source: 0001213900-25-023693
Chunk: 28

Company: Bitfufu Inc.
Filing Date: 2025-03-13
Form: 424B3
Chunk 28
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 Warrants. We expect to use the net proceeds from the exercise of these securities for general
corporate purposes. We will have broad discretion over the use of proceeds from the exercise of these securities. There is no assurance
that the holders of the Warrants will elect to exercise any or all of such Warrants, or the holder of the Unit Purchase Option will elect
to exercise the Unit Purchase Option in part or at all. To the extent that any of these Warrants and/or the Unit Purchase Option are
exercised on a “cashless basis,” the amount of cash we would receive from the exercise of the Warrants will decrease. See
“Description of Securities—Warrants” and “Description of Securities—Unit Purchase Option”
for more details.

There is no assurance that the holders of the Warrants will elect to
exercise any or all of such Warrants, and there is no assurance that the holder of the Unit Purchase Option will elect to exercise the
Unit Purchase Option in part or at all. The exercise price of the Warrants is $11.50 per share, and the exercise price of Option Units
is $11.50 per unit. The likelihood that warrant holders will exercise the Warrants, and the likelihood that holder of Unit Purchase Option
will exercise the Unit Purchase Option, and therefore the amount of cash proceeds that we would receive, is dependent upon the trading
price of our Class A Ordinary Shares. If the trading price for our Class A Ordinary Shares is less than $11.50 per share, we
believe holders of the Warrants and the holder of the Unit Purchase Option will be unlikely to exercise their respective securities. As
the closing price of our Class A Ordinary Shares was $5.00 on February 28, 2025, we believe that holders of the Warrants and the
holder the of Unit Purchase Option are currently unlikely to exercise 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