Company: FUFU
Filing Date: 2025-06-10
Form Type: 424B5
Source: 0001213900-25-053161
Chunk: 18

Company: Bitfufu Inc.
Filing Date: 2025-06-10
Form: 424B5
Chunk 18
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Dividends received by non-corporate U.S. Holders from a “qualified
foreign corporation” may be eligible for reduced rates of taxation, provided that certain holding period requirements and other
conditions are satisfied. For these purposes, a non-U.S. corporation will be treated as a qualified foreign corporation with respect
to dividends paid by that corporation on shares that are readily tradable on an established securities market in the United States.
The Treasury guidance indicates that shares listed on the Nasdaq will be considered readily tradable on an established securities
market in the United States. Although the Class A Ordinary Shares are currently listed on the Nasdaq, there can be no assurance
that the Class A Ordinary Shares will be considered readily tradable on an established securities market in future years. Non-corporate U.S. Holders
that do not meet a minimum holding period requirement or that elect to treat the dividend income as “investment income” pursuant
to Section 163(d)(4) of the Code (dealing with the deduction for investment interest expense) will not be eligible for the reduced
rates of taxation regardless of our status as a qualified foreign corporation. In addition, the rate reduction will not apply to dividends
if the recipient of a dividend is obligated to make related payments with respect to positions in substantially similar or related property.
This disallowance applies even if the minimum holding period has been met. Finally, we will not constitute a qualified foreign corporation
for purposes of these rules if we are a PFIC for the taxable year in which we pay a dividend or for the preceding taxable year. See the
discussion below under “—Passive Foreign Investment Company Status.”

The amount of any dividend paid in foreign currency will be the U.S. dollar
value of the foreign currency distributed by us, calculated by reference to the spot exchange rate in effect on the date the dividend
is includible in the U.S. Holder’s income, regardless of whether the payment is in fact converted into U.S. dollars on
the date of receipt. Generally, a U.S. Holder should not recognize any foreign currency gain or loss if the foreign currency is converted
into U.S. dollars on the date the payment is received. However, any gain or loss resulting from currency exchange fluctuations during
the period from the date the U.S. Holder includes the dividend payment in income to the date such U.S. Holder actually converts
the payment into U.S. dollars will be treated as ordinary income or loss.

To the extent that the amount