Company: FUFU
Filing Date: 2025-04-21
Form Type: 20-F
Source: 0001213900-25-033733
Chunk: 73

Company: Bitfufu Inc.
Filing Date: 2025-04-21
Form: 20-F
Item: Item 3
Chunk 73
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 It may also be difficult for you to enforce judgments obtained
in U. S. courts based on the civil liability provisions of the U. S. federal securities laws against us and our officers and directors.
Even if you are successful in bringing an action of this kind, the laws of the Cayman Islands and of Singapore may render you unable to
enforce a judgment against us, our assets, directors and officers or their assets. Therefore, you may not be able to enjoy the same protection
provided by various U. S. authorities as it is provided to investors in U. S. domestic companies.

In addition, to the extent
that we retain any director that resides in a jurisdiction that does not have any treaties or other form of reciprocity with the United
States that provide for the reciprocal recognition and enforcement of foreign judgments, additional local procedural rules will need to
be followed.

We are an “emerging growth company”
as defined under the federal securities laws, and we cannot be certain if the reduced disclosure requirements applicable to emerging growth
companies will make our securities less attractive to investors.

We are an “emerging
growth company” as defined in the JOBS Act, and we will remain an “emerging growth company” until the earliest to occur
of (1) the last day of the fiscal year (a) following the fifth anniversary of the Closing, (b) in which we have total
annual gross revenue of at least US$1.235 billion or (c) in which we are deemed to be a large accelerated filer, which means
the market value of our shares held by non-affiliates exceeds $700 million as of the last business day of the prior second
fiscal quarter, and (2) the date on which we issue more than $1.0 billion in non-convertible debt during the prior three-year period.
It is expected that we will take advantage of exemptions from various reporting requirements that are applicable to most other public
companies, whether or not they are classified as “emerging growth companies,” including, but not limited to, an exemption
from the provisions of Section 404(b) of the Sarbanes-Oxley Act requiring that our independent registered public accounting
firm provide an attestation report on the effectiveness of our internal control over financial reporting and reduced disclosure obligations
regarding executive compensation.

In addition, Section 102(b)(1) of
the JOBS Act exempts “emerging growth companies” from being required to comply with new or revised