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

reuters ·  Jan 25, 2022 09:26

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

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