Arisz Acquisition will ask shareholders on May 11 to consider another deadline extension that would give the SPAC up until February 2024 to complete its pending acquisition of Finfront Holding Company (dba BitFuFu). The SPAC’s current deadline is May 22. The first extension occurred back in November.
The nine extension periods under consideration would be dependent on monthly installments of $120,000 into trust.
BitFuFu is a digital asset mining service and cloud-mining service provider. Announced in January 2022, the deal with Arisz values the merged company at a pro forma enterprise value of approximately $1.5 billion. Read more.
