Company: FLDDW
Filing Date: 2025-02-14
Form Type: 8-K
Source: 0001213900-25-014354
Chunk: 5

Company: Fold Holdings, Inc.
Filing Date: 2025-02-14
Form: 8-K
Item: Item 4.01
Chunk 5
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Item 4.01.
Changes in Registrant’s Certified Accountant.

Effective following the audit by WithumSmith+Brown, PC (“ Withum”),
Emerald’s independent registered public accounting firm prior to the Business Combination, of Emerald’s financial statements
for the year ended December 31, 2024, on February 14, 2025, the Audit Committee approved the engagement
of Marcum LLP (“ Marcum”) as the Company’s independent registered public accounting firm to audit the Company’s
financial statements.
Marcum served as the independent registered public accounting firm of Legacy Fold prior to the Business Combination. Accordingly, Withum
was informed that it would be replaced by Marcum as the Company’s independent registered public accounting firm.

Withum’s report on the Company’s financial statements as
of December 31, 2023 and for the period from February 19, 2021 (inception) through December 31, 2023 did not contain any adverse opinion
or disclaimer of opinion, nor were they qualified or modified as to audit scope or accounting principles.

In Withum’s report on the Company’s financial statements
as of December 31, 2023, Withum raised substantial doubt as to the Company’s ability to continue as a going concern.

During the period from February 19, 2021 (inception) through December
31, 2023 and the subsequent period through September 30, 2024, there were no: (i) disagreements with Withum on any matter of accounting
principles or practices, financial statement disclosures or audited scope or procedures, which disagreements if not resolved to Withum’s
satisfaction would have caused Withum to make reference to the subject matter of the disagreement in connection with its report or (ii)
reportable events as defined in Item 304(a)(1)(v) of Regulation S-K.

During the period from February 19, 2021 (inception) to
December 31, 2023 and the interim period through September 30, 2024, the Company did not consult Marcum with respect to either (i)
the application of accounting principles to a specified transaction, either completed or proposed; or the type of audit opinion that
might be rendered on the Company’s financial statements, and no written report or oral advice was provided to the Company by
Marcum that Marcum concluded was an important factor considered by the Company in reaching a decision as to the accounting, auditing
or financial reporting