Company: FUFU
Filing Date: 2025-04-21
Form Type: 20-F
Source: 0001213900-25-033733
Chunk: 181

Company: Bitfufu Inc.
Filing Date: 2025-04-21
Form: 20-F
Item: Item 12
Chunk 181
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ITEM
12. DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES

  Debt Securities  

Not applicable.

  Warrants and Rights  

Following the consummation
of the Business Combination, we have assumed all outstanding ARIZ Warrants and converted such them into corresponding warrants to purchase
Class A ordinary shares. Each Warrant entitles the holder thereof to purchase three fourths (3/4) of one Class A ordinary share at
a price of US$11.50 per whole share, subject to adjustment. The Warrants may be exercised only for a whole number of Class A ordinary
shares. There are 7,176,389 Warrants outstanding as of March 31, 2025. For details of the Warrants, please refer to Exhibit 2.4 and Exhibit
2.5 to this Report. We also assumed the Unit Purchase Option (as defined below) that Arisz sold to Chardan, for US$100, which consists
of an option to purchase up to a total of 115,000 Option Units (as defined below) exercisable, in whole or in part, at US$11.50 per unit,
commencing on the consummation of the Business Combination (the “ Unit Pruchase Option”). The Unit Purchase Option may be exercised
for cash or on a cashless basis, at the holder’s option, and expires on November 17, 2026, being the five-year anniversary of the
effective date of the registration statement in relation to Arisz’s initial public offering. Upon exercise, each unit (the “ Option
Unit”) contains one Class A Ordinary Share, one Warrant and one right. Each Warrant entitles the holder thereof to purchase three
fourths (3/4) of one Class A ordinary share at an exercise price of US$11.50 per whole share, subject to adjustment. Each right, upon
automatic conversion at issuance, entitles the holder thereof to receive one-twentieth (1/20) of one Class A ordinary share.

  Other Securities  

Not applicable.

  American Depositary Shares  

Not applicable.

PART II