Company: FUFU
Filing Date: 2025-03-05
Form Type: POS AM
Source: 0001213900-25-020703
Chunk: 30

Company: Bitfufu Inc.
Filing Date: 2025-03-05
Form: POS AM
Chunk 30
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ing the registration of the securities covered by this prospectus, including all registration and
filing fees, Nasdaq listing fees and fees and expenses of our counsel and our independent registered public accounting firm.

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 the Warrants,
assuming the exercise in full of all of the Warrants. We expect to use the net proceeds from the exercise of these securities for general
corporate purposes. We will have broad discretion over the use of proceeds from the exercise of these securities. There is no assurance
that the holders of the Warrants will elect to exercise any or all of such Warrants, or the holder of the Unit Purchase Option will elect
to exercise the Unit Purchase Option in part or at all. To the extent that any of these Warrants and/or the Unit Purchase Option are
exercised on a “cashless basis,” the amount of cash we would receive from the exercise of the Warrants will decrease. See
“Description of Securities—Warrants” and “Description of Securities—Unit Purchase Option”
for more details.

There is no assurance that the holders of the Warrants will elect to
exercise any or all of such Warrants, and there is no assurance that the holder of the Unit Purchase Option will elect to exercise the
Unit Purchase Option in part or at all. The exercise price of the Warrants is $11.50 per share, and the exercise price of Option Units
is $11.50 per unit. The likelihood that warrant holders will exercise the Warrants, and the likelihood that holder of Unit Purchase Option
will exercise the Unit Purchase Option, and therefore the amount of cash proceeds that we would receive, is 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 the Warrants and the holder of the Unit Purchase Option will be unlikely to exercise their respective securities. As
the closing price of our Class A Ordinary Shares was $5.00 on February 28, 2025, we believe that holders of the Warrants and the
holder the of Unit Purchase Option are currently unlikely to exercise