Company: FUFU
Filing Date: 2025-04-21
Form Type: 20-F
Source: 0001213900-25-033733
Chunk: 167

Company: Bitfufu Inc.
Filing Date: 2025-04-21
Form: 20-F
Item: Item 10
Chunk 167
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it address any tax consequences arising under any U. S. state and local, or non-U. S. tax laws. U. S. Holders should consult their
own tax advisors regarding such tax consequences in light of their particular circumstances.

No ruling has been requested
or will be obtained from the IRS regarding the U. S. federal income tax consequences of the Business Combination or any other related
matter; thus, there can be no assurance that the IRS will not challenge the U. S. federal income tax treatment described below or
that, if challenged, such treatment will be sustained by a court.

This summary is limited to
considerations relevant to U. S. Holders that hold Class A ordinary shares as “capital assets” within the meaning of section
1221 of the Code (generally, property held for investment). This discussion does not address all aspects of U. S. federal income taxation
that may be important to holders in light of their individual circumstances, including holders subject to special treatment under the
U. S. tax laws, such as, for example:

  banks or other financial institutions, underwriters, or insurance companies;  

  brokers or dealers in securities or currencies or holders that are traders in securities who elect to apply a mark-to-market method of accounting;  

  real estate investment trusts and regulated investment companies;  

  tax-exempt organizations, qualified retirement plans, individual retirement accounts, or other tax-deferred accounts;  

  expatriates or former citizens or long-term residents of the United States;  

  subchapter S corporations, partnerships or other pass-through entities or investors in such entities;  

  any holder that is not a U. S. Holder;  

  holders of Class B ordinary shares;  

  dealers or traders in securities, commodities or currencies;  

  grantor trusts;  

  persons subject to the alternative minimum tax;  

  persons whose “functional currency” is not the U. S. dollar;  

  persons who received shares of Class A ordinary shares through the issuance of restricted stock under an equity incentive plan or through a tax-qualified retirement plan or otherwise as compens...  

  persons who own (directly or through attribution) 10% or more (by vote or value) of the issued shares of BitFuFu (excluding treasury shares);  

  persons that hold Warrants or other rights to acquire Class A ordinary shares; or  

  holders holding Class A ordinary shares as a position in a “straddle,” as part of a