Company: BTBT
Filing Date: 2025-06-11
Form Type: S-3/A
Source: 0001213900-25-053489
Chunk: 36

Company: Bit Digital, Inc
Filing Date: 2025-06-11
Form: S-3/A
Chunk 36
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.99% of the issued ordinary shares of the Company.

Enhanced voting rights. For all matters
relating to the Company requiring the votes of shareholder by a poll or by proxy, each preference share shall carry the equivalent number
of votes as 50 ordinary shares.

If applicable, the prospectus supplement relating
to a particular issue of preference shares will include a discussion of material U.S. federal income tax considerations.

Other rights that may attach to our shares

Subject to our memorandum and articles of association, and without
prejudice to any special rights previously conferred on the holders of existing shares, any share may be issued with such preferred, deferred,
or other special rights, or such restrictions, whether in regard to dividend, voting, return of share capital or otherwise, as the Company
may from time to time by special resolution determine, and subject to the provisions of the Companies Act, any share may, with the sanction
of a special resolution, be issued on the terms that it is, or at the option of the Company or the holder is liable, to be redeemed.

Provisions in Corporate Law

The Companies Act is
derived, to a large extent, from the older Companies Acts of England and Wales but does not follow recent United Kingdom statutory enactments
and, accordingly, there are significant differences between the Companies Act and the current Companies Act of the United Kingdom. In
addition, the Companies Act differs from laws applicable to U.S. corporations and their shareholders. Set forth below is a summary of
the significant provisions of the Companies Act applicable to us.

Mergers and Similar Arrangements. The Companies Act permits mergers and consolidations between Cayman Islands companies and between Cayman Islands
companies and non-Cayman Islands companies, provided that the laws of the foreign jurisdiction permit such merger or consolidation. For
these purposes, (a) “merger” means the merging of two or more constituent companies and the vesting of their undertaking,
property and liabilities in one of such companies as the surviving company and (b) a “consolidation” means the combination
of two or more constituent companies into a new consolidated company and the vesting of the undertaking, property and liabilities of such
companies to the consolidated company.

In order to effect such
a merger or consolidation of two Cayman Islands companies, among other things, the directors of each constituent company must approve
a written plan of merger or consolidation, which must then be authorized by (i) a special resolution of the shareholders of