Company: FUFU
Filing Date: 2025-03-05
Form Type: POS AM
Source: 0001213900-25-020703
Chunk: 23

Company: Bitfufu Inc.
Filing Date: 2025-03-05
Form: POS AM
Chunk 23
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s                                                                   |     | We will receive up to an aggregate of $64,210,733, which consist of                                                                      
 (a) $2,314,375 from the exercise of Unit Purchase Option and the underlying Warrants, assuming the exercise in full of the Unit Purchase 
 Option and the underlying Warrants in cash, and (b) $61,896,358 from the exercise of Warrants, assuming the exercise in full of all of   
 Warrants for cash. We expect to use the net proceeds from the exercise of these securities for general corporate purposes. See “Use      
 of Proceeds.” However, we do not expect to rely on the cash exercise of the Warrants and the Unit Purchase Option to fund our            
 operations. Instead, we intend to rely on our primary sources of cash discussed elsewhere in this prospectus to continue to support our  
 operations. For additional information, see “Item 5. Operating and Financial Review and Prospects—B. Liquidity and Capital               
 Resources” in our most recent annual report on Form 20-F, incorporated herein by reference. The exercise price of the Warrants is        
 $11.50 per share, and the exercise price of the Option Units is $11.50 per unit. The likelihood that Warrant holders will exercise their 
 Warrants, and the likelihood that the holder of Unit Purchase Option will exercise the Unit Purchase Option, and therefore the amount    
 of cash proceeds that we would receive, are dependent upon the trading price of our Class A Ordinary Shares. If the trading price        
 for our Class A Ordinary Shares is less than $11.50 per share, we believe holders of our Warrants and the holder of the Unit Purchase    
 Option will be unlikely to exercise their respective securities. On February 28, 2025, the closing price of our Class A Ordinary         
 Shares was $5.00. Accordingly, we believe that holders of the Warrants are currently unlikely to exercise their Warrants, and the holder 
 of the Unit Purchase Option is unlikely to exercise the Unit Purchase Option.                                                            |

<div align='center'>5</div>

| Resale of Ordinary Shares |

| The Class A Ordinary Shares                                                
 that may be offered and sold from time to time by the Selling Shareholders |     | -a | Up to 24,594,508 Class A Ordinary Shares, which consists of (i) 15,000,000                                                              
 Class A Ordinary Shares issued to Antdelta and ESOP as merger consideration in connection with the Business Combination; (ii