Finfront Holding Company (dba BitFuFu) funded the first installment of a $2.2 million loan to its merger partner Arisz Acquisition for a deadline extension and working capital.
Each of the three installements is for $740,000, of which $50,000 is for working capital and the balance goes into the SPAC’s trust.
The first extension gives Arisz until Feb. 22, 2023 to complete the deal.
Finfront is a digital asset mining service and cloud-mining service provider. The deal with Arisz values the merged company at a pro forma enterprise value of approximately $1.5 billion. Read more.
