Arisz Acquisition Corp. Announces Extension of Deadline to Complete Business Combination
February 16 2024 - 5:13PM
Arisz Acquisition Corp. (NASDAQ: ARIZ (“
Arisz” or
the “
Company”), a special purpose acquisition
company, announced today that Arisz Investments LLC, the Company's
initial public offering sponsor, has timely deposited into the
Company's trust account (the “
Trust Account”) , an
aggregate of $120,000, in order to extend the period of time the
Company has to complete a business combination for an additional
one (1) month period, from February 22, 2024 to March 22, 2024 (the
“
Extension”). The Extension is the first of up to
nine (9) one-month extensions permitted under the February 5, 2024
amendment to the Amended and Restated Certificate of Incorporation
of Arisz Acquisition Corp. The Extension provides Arisz with
additional time to complete its proposed business combination with
Finfront Holding Company (“
BitFuFu”).
Important Notice
Regarding Forward-Looking Statements
This press release contains certain “forward-looking statements”
within the meaning of the Securities Act of 1933 and the Securities
Exchange Act of 1934, both as amended. Statements that are not
historical facts, including statements about the pending
transactions described above, and the parties’ perspectives and
expectations, are forward-looking statements. Such statements
include, but are not limited to, statements regarding the proposed
transaction, including the anticipated initial enterprise value and
post-closing equity value, the benefits of the proposed
transaction, integration plans, expected synergies and revenue
opportunities, anticipated future financial and operating
performance and results, including estimates for growth, the
expected management and governance of the combined company, and the
expected timing of the transactions. The words “expect,” “believe,”
“estimate,” “intend,” “plan” and similar expressions indicate
forward-looking statements. These forward-looking statements are
not guarantees of future performance and are subject to various
risks and uncertainties, assumptions (including assumptions about
general economic, market, industry and operational factors), known
or unknown, which could cause the actual results to vary materially
from those indicated or anticipated.
Such risks and uncertainties include, but are not limited to:
(i) risks related to the expected timing and likelihood of
completion of the pending transaction, including the risk that the
transaction may not close due to one or more closing conditions to
the transaction not being satisfied or waived, such as regulatory
approvals not being obtained, on a timely basis or otherwise, or
that a governmental entity prohibited, delayed or refused to grant
approval for the consummation of the transaction or required
certain conditions, limitations or restrictions in connection with
such approvals; (ii) risks related to the ability of Arisz and the
BitFuFu to successfully integrate the businesses; (iii) the
occurrence of any event, change or other circumstances that could
give rise to the termination of the applicable transaction
agreements; (iv) the risk that there may be a material adverse
change with respect to the financial position, performance,
operations or prospects of the BitFuFu or Arisz; (v) risks related
to disruption of management time from ongoing business operations
due to the proposed transaction; (vi) the risk that any
announcements relating to the proposed transaction could have
adverse effects on the market price of Arisz’s securities; (vii)
the risk that the proposed transaction and its announcement could
have an adverse effect on the ability of BitFuFu to retain
customers and retain and hire key personnel and maintain
relationships with their suppliers and customers and on their
operating results and businesses generally; (viii) the risk that
the combined company may be unable to achieve cost-cutting
synergies or it may take longer than expected to achieve those
synergies; and (ix) risks associated with the financing of the
proposed transaction. A further list and description of risks and
uncertainties can be found in the Prospectus dated November 17,
2021 relating Arisz’s initial public offering and in the
Registration Statement and proxy statement filed with the SEC by
Arisz and/or its subsidiary in connection with the proposed
transactions, and other documents that the parties may file or
furnish with the SEC, which you are encouraged to read. Should one
or more of these risks or uncertainties materialize, or should
underlying assumptions prove incorrect, actual results may vary
materially from those indicated or anticipated by such
forward-looking statements. Accordingly, you are cautioned not to
place undue reliance on these forward-looking statements.
Forward-looking statements relate only to the date they were made,
and Arisz, BitFuFu and their subsidiaries undertake no obligation
to update forward-looking statements to reflect events or
circumstances after the date they were made except as required by
law or applicable regulation.
Additional Information and Where to Find It
In connection with the transaction described herein, Arisz and
and/or its subsidiary has filed and may file relevant materials
with the Securities and Exchange Commission (the
“SEC”), including the Registration Statement on
Form F-4 and a proxy statement (the “Registration
Statement”). The proxy statement and a proxy card have
been mailed to stockholders as of a record date to be established
for voting at the stockholders’ meeting of Arisz stockholders
relating to the proposed transactions. Stockholders will also be
able to obtain a copy of the Registration Statement and proxy
statement without charge from Arisz. The Registration Statement and
proxy statement may also be obtained without charge at the SEC’s
website at www.sec.gov or by writing to Arisz at 199 Water Street,
31st Floor, New York, NY 10038. INVESTORS AND SECURITY HOLDERS OF
ARISZ ARE URGED TO READ THESE MATERIALS (INCLUDING ANY AMENDMENTS
OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS IN
CONNECTION WITH THE TRANSACTIONS THAT ARISZ WILL FILE WITH THE SEC
WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT
INFORMATION ABOUT ARISZ, BITFUFU AND THE TRANSACTIONS.
Participants in
Solicitation
Arisz, BitFuFu and certain shareholders of Arisz, and their
respective directors, executive officers and employees and other
persons may be deemed to be participants in the solicitation of
proxies from the holders of Arisz common stock in respect of the
proposed transaction. Information about Arisz’s directors and
executive officers and their ownership of Arisz common stock is set
forth in the Prospectus dated November 17, 2021 and filed with the
SEC. Other information regarding the interests of the participants
in the proxy solicitation will be included in the proxy statement
pertaining to the proposed transaction when it becomes available.
These documents can be obtained free of charge from the sources
indicated above.
No Offer or Solicitation
This press release not a proxy statement or solicitation of a
proxy, consent or authorization with respect to any securities or
in respect of the transactions described above and shall not
constitute an offer to sell or a solicitation of an offer to buy
the securities of Arisz or BitFuFu, nor shall there be any sale of
any such securities in any state or jurisdiction in which such
offer, solicitation, or sale would be unlawful prior to
registration or qualification under the securities laws of such
state or jurisdiction. No offering of securities shall be made
except by means of a prospectus meeting the requirements of Section
10 of the Securities Act of 1933, as amended, or an exemption
therefrom.
Arisz Acquisition Corp. Arisz Investor
Relations ir@ariszacquisition.com
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