Company: FLDDW
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-004107
Chunk: 926

Company: Fold Holdings, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 4
Chunk 926
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 number of shares of Class A common stock underlying the warrants, multiplied by the excess of the “fair
market value” (defined below) less the exercise price of the warrants by (y) the fair market value. The “fair market value”
as used in this paragraph shall mean the volume weighted average price of the Class A common stock for the 10 trading days ending on the
trading day prior to the date on which the notice of exercise is received by the warrant agent.

F-19

FOLD HOLDINGS, INC.

(F/K/A FTAC EMERALD ACQUISITION CORP.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2024

Redemption of warrants

Once the warrants become exercisable, the Company
may redeem the outstanding warrants:

●in
whole and not in part;

●at
a price of $0.01 per warrant;

●upon
not less than 30 days’ prior written notice of redemption, or the 30-day redemption period, to each warrant holder; and

●if,
and only if, the last sale price of the Class A common stock (or the closing bid price of the Class A common stock in the event
the shares of Class A common stock are not traded on any specific trading day) equals or exceeds $18.00 per share (as adjusted for
stock splits, stock dividends, reorganizations and the like) for any 20 trading days within a 30 trading day period ending on the third
trading day before the Company sends the notice of redemption to the warrant holders.

NOTE 8. FAIR VALUE MEASUREMENTS

The following table presents information about
the Company’s assets that are measured at fair value on December 31, 2024 and 2023, and indicates the fair value hierarchy of the
valuation inputs the Company utilized to determine such fair value: 

    December 31, 2024  
    Quoted Prices In Active Markets (Level 1)  
    Significant Other Observable Inputs (Level 2)  
    Significant Other Unobservable Inputs (Level 3) 
  
    Asset: 

    Investments held in Trust Account 
    $51,289,643  
    $51,289,643  
    $  —  
    $  — 

    December 31, 2023  
    Quoted Prices In Active Markets (Level 1)