Company: BTBT
Filing Date: 2025-07-15
Form Type: 424B5
Source: 0001213900-25-063950
Chunk: 69

Company: Bit Digital, Inc
Filing Date: 2025-07-15
Form: 424B5
Chunk 69
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 notice being given that their shares are being compulsorily acquired. If an arrangement and reconstruction
is thus approved, or if an offer is made and accepted, in accordance with the foregoing statutory procedures, a dissenting shareholder
would have no rights comparable to appraisal rights, which would otherwise ordinarily be available to dissenting shareholders of Delaware
corporations, providing rights to receive payment in cash for the judicially determined value of the shares.

Shareholders’ Suits.

In principle, we will
normally be the proper plaintiff to sue for a wrong done to us as a company, and as a general rule a derivative action may not be brought
by a minority shareholder. However, based on English law authorities, which would in all likelihood be of persuasive authority in the
Cayman Islands, the Cayman Islands courts can be expected to follow and apply the common law principles (namely the rule in Foss v. Harbottle
and the exceptions thereto, which limits the circumstances in which a shareholder may bring a derivative action on behalf of the company
or a personal action to claim loss which is reflective of loss suffered by the company) so that a non-controlling shareholder may be
permitted to commence a class action against, or derivative actions in the name of, the company to challenge:

| ● | an act which is illegal                                                                                    
 or ultra vires with respect to the company and is therefore incapable of ratification by the shareholders; |

| ● | the act complained of,                                                                                                             
 although not ultra vires, requires authorization by a qualified (or special) majority (that is, more than a simple majority) which 
 has not been obtained;                                                                                                             |

| ● | an act purporting to abridge                      
 or abolish the individual rights of a member; and |

| ● | an act which constitutes                                                                 
 a “fraud on the minority” where the wrongdoers are themselves in control of the company. |

In the case of a company
(not being a bank) having its share capital divided into shares, the Grand Court may, on the application of members holding not less
than one fifth of the shares of the company in issue, appoint an inspector to examine the affairs of the company and to report thereon
in such manner as the Grand Court shall direct.

Indemnification of Directors and Executive Officers and Limitation of Liability. Cayman Islands law does not limit the extent to which a company’s
memorandum and articles of association may provide for indemnification of officers