Company: ABTS
Filing Date: 2025-05-30
Form Type: F-3/A
Source: 0001641172-25-013026
Chunk: 40

Company: Abits Group Inc
Filing Date: 2025-05-30
Form: F-3/A
Chunk 40
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 Our CEO, Wanhong Tan, also a Malaysian, resides in Malaysia for a substantial portion of his time attending to the affairs of our Company. As a result, it may be difficult for a shareholder to effect service of process within the United States upon some of these persons, or to enforce against us or them judgments obtained in United States courts, including judgments predicated upon the civil liability provisions of the securities laws of the United States or any state in the United States.

As a result of all of the above, our shareholders may have more difficulty in protecting their interests through actions against us or our officers, directors or major shareholders than would shareholders of a corporation incorporated in a jurisdiction in the United States.

<div align='center'>USE OF PROCEEDS</div>

Unless otherwise set forth in the applicable prospectus supplement, we intend to use the net proceeds of any offering of securities for working capital and other general corporate purposes, which may include the repayment or refinancing of outstanding indebtedness and the financing of future acquisitions. We may have significant discretion in the use of any net proceeds. The net proceeds may be invested temporarily in interest-bearing accounts and short-term interest-bearing securities until they are used for their stated purpose. We may provide additional information on the use of the net proceeds from the sale of the offered securities in an applicable prospectus supplement relating to the offered securities.

<div align='center'>GENERAL DESCRIPTION OF THE SECURITIES WE MAY OFFER</div>

We may issue from time to time, in one or more offerings the following securities:

| ● | ordinary 
 shares;  |

| ● | preference 
 shares;    |

| ● | debt        
 securities; |

| ● | warrants                                                            
 to purchase ordinary shares, preference shares, or debt securities; |

| ● | rights                                                                                             
 to purchase ordinary shares, preference shares, debt securities, warrants or other securities; and |

| ● | units                                                                                           
 of ordinary shares, preference shares, debt securities, rights or warrants, in any combination. |

This prospectus contains a summary of the material general terms of the various securities that we may offer. The specific terms of the securities will be described in a prospectus supplement, information incorporated by reference, or free writing prospectus, which may be in addition to or different from the general terms summarized in this prospectus. Where applicable, the prospectus supplement, information incorporated by reference or free writing prospectus will also describe any material United States federal income tax considerations relating to the securities offered and indicate whether the securities offered are or will be