Company: FUFU
Filing Date: 2025-04-21
Form Type: 20-F
Source: 0001213900-25-033733
Chunk: 163

Company: Bitfufu Inc.
Filing Date: 2025-04-21
Form: 20-F
Item: Item 8
Chunk 163
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 Court for Southern
District of New York, alleging that the Company breached the warrant agreement between Arisz and Continental Stock Transfer& Trust
Company by failing to honor the Warrant Holder’s attempts on March 4, 2024 to exercise a portion of the Warrants it holds. We
dispute the allegations and filed a motion to dismiss on December 18, 2024. That motion is fully briefed and awaiting a decision
from the court. We intend to defend the lawsuit vigorously but we cannot predict the outcome at this time due to its early stage.
See “ Item 3. Key Information - D. Risk Factors - Risks Related to Our Operations - We have been and may continue to
be involved in legal and other disputes from time to time arising out of our operations, including disputes with our suppliers, customers,
business partners, competitors or employees.”

Other than the foregoing,
we are not presently a party to any litigation the outcome of which, we believe, if determined adversely against us, would individually
or taken together have a material adverse effect on our business, financial condition and results of operations. Defending such proceedings
is costly and can impose a significant burden on management and employees. We may receive unfavorable preliminary or interim rulings in
the course of litigation, and there can be no assurances that favorable final outcomes will be obtained.

Dividend Policy

The holders of ordinary shares
are entitled to such dividends as may be declared by our board of directors or declared by our shareholders by ordinary resolution (provided
that no dividend may be declared by our shareholders which exceeds the amount recommended by our board of directors). Our Amended and
Restated Memorandum and Articles of Association provide that dividends may be declared and paid out of our lawfully available funds. Under
the laws of the Cayman Islands, we may pay a dividend out of either profits or share premium account, provided that in no circumstances
may a dividend be paid if this would result in our being unable to pay our debts as they fall due in the ordinary course of business.

  Significant Changes  
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Except as disclosed elsewhere
in this Report, we have not experienced any significant changes since the date of our audited consolidated financial statements included
in this Report.

ITEM
9. THE OFFER AND LISTING