Company: ABTS
Filing Date: 2025-05-30
Form Type: F-3/A
Source: 0001641172-25-013026
Chunk: 16

Company: Abits Group Inc
Filing Date: 2025-05-30
Form: F-3/A
Chunk 16
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 2023.

As of the date of this prospectus, our wholly-owned subsidiaries are as follows:

| Subsidiary                    |     | Jurisdiction     
 of incorporation |
| Abit                          
 Hong Kong Limited             |     | Hong             
 Kong             |
| Abit                          
 USA, Inc.                     |     | Delaware         |
| Abits                         
 Inc.                          |     | Delaware         |
| Beijing                       
 Bitmatrix Technology Co. Ltd. |     | China            |

Recent Events

Amended and Restated Memorandum and Articles of Association

On February 13, 2025, our Board of
Directors approved to change the maximum number of shares the Company is authorized to issue from 200,000,000 shares comprising of: (i)
150,000,000 ordinary shares of par value US$0.001 each, and (ii) 50,000,000 preferred shares of par value $0.00101 each, to an unlimited
number of shares, comprising of ordinary shares of no par value and preferred shares of no par value each. The Board also approved to
amend and restate the Company’s memorandum and articles of association, as amended, to reflect the authorized share changes (the
“Amended and Restated Memorandum and Articles”). On February 17, 2025, the Amended and Restated Memorandum and Articles became
effective upon its filing with the Registrar of Corporate Affairs of the British Virgin Islands.

Nasdaq Listing and Share Consolidation

On April 12, 2024, the Company received a notice from the Nasdaq Listing Qualifications Department of the Nasdaq Stock Market LLC (“Nasdaq”) stating that the bid price of our ordinary shares for the prior 30 consecutive trading days had closed below the minimum $1.00 per share required for continued listing under Listing Rule 5550(a)(2) (the “Listing Rule” or “Minimum Bid Price Requirement”). We had a period of 180 calendar days, or until October 9, 2024, to regain compliance with the Listing Rule.

| 6 |

On October 10, 2024, we received notification that Nasdaq has granted an additional 180 calendar day period, or until April 7, 2025, to regain compliance with the Minimum Bid Price Requirement. The notification indicated that we did not regain compliance during the initial 180-day grace period provided under the Listing Rule. In accordance with Nasdaq Marketplace Rule 5810(c)(3)(A),