Company: BTBT
Filing Date: 2025-10-01
Form Type: 424B5
Source: 0001213900-25-094778
Chunk: 161

Company: Bit Digital, Inc
Filing Date: 2025-10-01
Form: 424B5
Chunk 161
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, any share may be issued with such
preferred, deferred, or other special rights, or such restrictions, whether in regard to dividend, voting, return of share capital or
otherwise, as the Company may from time to time by special resolution determine, and subject to the provisions of the Companies Act,
any share may, with the sanction of a special resolution, be issued on the terms that it is, or at the option of the Company or the holder
is liable, to be redeemed.

Provisions in Corporate Law

The Companies Act is
derived, to a large extent, from the older Companies Acts of England and Wales but does not follow recent United Kingdom statutory enactments
and, accordingly, there are significant differences between the Companies Act and the current Companies Act of the United Kingdom. In
addition, the Companies Act differs from laws applicable to U.S. corporations and their shareholders. Set forth below is a summary of
the significant provisions of the Companies Act applicable to us.

Mergers and Similar Arrangements. The Companies Act permits mergers and consolidations between Cayman Islands companies and between Cayman Islands
companies and non-Cayman Islands companies, provided that the laws of the foreign jurisdiction permit such merger or consolidation. For
these purposes, (a) “merger” means the merging of two or more constituent companies and the vesting of their undertaking,
property and liabilities in one of such companies as the surviving company and (b) a “consolidation” means the combination
of two or more constituent companies into a new consolidated company and the vesting of the undertaking, property and liabilities of
such companies to the consolidated company.

In order to effect such
a merger or consolidation of two Cayman Islands companies, among other things, the directors of each constituent company must approve
a written plan of merger or consolidation, which must then be authorized by (i) a special resolution of the shareholders of each constituent
company and (ii) such other authorization, if any, as may be specified in such constituent company’s articles of association. The
consent of each holder of a fixed or floating security interest of a constituent company in a proposed merger or consolidation must be
obtained but if such secured creditor does not grant that person’s consent then the Courts of the Cayman Islands may upon application
of the constituent company that has issued the security waive the requirement for such consent upon such terms as to security to be issued
by the consolidated or surviving company or otherwise as the Court considers reasonable