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

Bitfufu

25/01/2022 14:24

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

Source text for Eikon:  ID:nGNX719yfv 
Further company coverage:  ARIZ.O 

 ((Reuters.Briefs@thomsonreuters.com;))