Company: FUFU
Filing Date: 2025-03-13
Form Type: 424B3
Source: 0001213900-25-023693
Chunk: 60

Company: Bitfufu Inc.
Filing Date: 2025-03-13
Form: 424B3
Chunk 60
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 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
of any distribution made by us on the Class A Ordinary Shares exceeds our current and accumulated earnings and profits for a taxable
year (as determined under U.S. federal income tax principles), the distribution will first be treated as a tax-free return
of capital, causing a reduction in the adjusted basis of the U.S. Holder’s Class A Ordinary Shares, and to