Bitmain-Backed Bitfufu Enters Into A Definitive Merger Agreement With Arisz Acquisition Corp

Reuters
2022.01.25 14:24
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Jan 25 (Reuters) - Arisz Acquisition Corp:

Jan 25 (Reuters) - Arisz Acquisition Corp (ARIZ.O) :

  • BITMAIN-BACKED BITFUFU (FINFRONT HOLDING COMPANY), A WORLD-LEADING DIGITAL ASSETS CLOUD MINING SERVICE PROVIDER, ENTERED INTO A DEFINITIVE MERGER AGREEMENT WITH ARISZ ACQUISITION CORP.

  • BITFUFU - TRANSACTION VALUES COMPANY AT A PRO FORMA ENTERPRISE VALUE OF APPROXIMATELY $1.5 BILLION

  • BITFUFU - ENTERED INTO DEAL WITH ARISZ ACQUISITION CORP RESULTING IN CO BECOMING PUBLICLY LISTED ON NASDAQ UNDER ANTICIPATED TICKER SYMBOL “FUFU”

  • BITFUFU - TRANSACTION INCLUDES A $70 MILLION FULLY COMMITTED PIPE FINANCING AT $10.00/SHARE, LED BY BITMAIN AND ANTPOOL

  • BITFUFU - CO’S MANAGEMENT TEAM, LED BY ITS FOUNDER LEO LU, WILL CONTINUE TO RUN COMPANY AFTER TRANSACTION

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