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Trading Under New Ticker Symbol "FUFU" Expected to Begin Friday, March 1, 2024
New York, NY, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Arisz Acquisition Corp. (NASDAQ:ARIZ) (the "Arisz"), a publicly traded special purpose acquisition company, announced the completion of its business combination (the "business combination") with BitFuFu (Finfront Holding Company) ("BitFuFu"). BitFuFu is a fast-growing company in the digital asset mining industry and is dedicated to fostering a secure, compliant, and transparent blockchain infrastructure by providing a variety of stable and intelligent digital asset mining solutions.
The shareholders of Arisz Acquisition Corp. approved the transaction at a special meeting of shareholders on February 28, 2024, and the transaction was also approved by BitFuFu's shareholders. The listed company following the Business Combination is BitFuFu Inc., and its Class A ordinary shares and warrants is expected to commence trading on the Nasdaq Stock Market under the ticker symbols "FUFU" and "FUFUW," starting March 1, 2024.
Leo Lu, Founder and CEO of BitFufu said "I would like to thank all of our shareholders, employees, partners, and stakeholders who have been instrumental in achieving this pivotal milestone in our journey. BitFuFu's listing on NASDAQ marks a new chapter that will enable us to continue our rapid growth trajectory and expand our global footprint in the digital asset industry. As a fast-growing digital asset mining service and world-leading cloud-mining service provider, we enable both institutional and digital asset enthusiasts the ability to mine more efficiently. The proceeds from this transaction will fuel the expansion of our offerings, which encompasses cloud-mining, self-mining, and miner hosting. As we transition into a public company, we are committed to upholding the highest standards of corporate governance and transparency, and are in a stronger position than ever to execute on our vision of becoming the world leader in digital asset mining." .
Echo Hindle-Yang, Chairwoman and CEO of Arisz Acquisition Corp. commented, "We are thrilled to announce the successful completion of our merger with BitFuFu, and officially list the company on Nasdaq, a significant step that reinforces the leadership in the global cloud mining and rapidly evolving digital asset services sector. Under the leadership of Leo, the BitFuFu team is poised to enhance its market dominance, thanks to its industry-leading technology platform and advanced mining machines, uniquely supplied by Bitmain as their exclusive strategic partner. This merger is further empowered by a significant $74M PIPE investment, aimed at accelerating BitFuFu's already prominent position in the industry. We eagerly anticipate BitFuFu's continued success and innovation in this exciting new chapter."
