Company: FLDDW
Filing Date: 2025-04-11
Form Type: 424B3
Source: 0001213900-25-031004
Chunk: 282

Company: Fold Holdings, Inc.
Filing Date: 2025-04-11
Form: 424B3
Chunk 282
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| Numerator:                                                     |     |                                 |            |   |     |         |   |     |         |            |     |         |           |
| Allocation of net (loss) income                                |     | $                               | (1,868,532 | ) |     | $       | — |     | $       |  3,586,446 |     | $       |   857,188 |
| Denominator:                                                   |     |                                 |            |   |     |         |   |     |         |            |     |         |           |
| Weighted-average shares outstanding                            |     |                                 | 14,970,335 |   |     |         | — |     |         | 25,873,722 |     |         | 6,184,019 |
| Basic and diluted net (loss) income per share of common stock  |     | $                               |      (0.12 | ) |     | $       | — |     | $       |       0.14 |     | $       |      0.14 |

Class A Common Stock Subject to Possible Redemption

The Company accounts for its common stock subject
to possible redemption in accordance with the guidance in Accounting Standards Codification (“ASC”) Topic 480, “Distinguishing
Liabilities from Equity.” Common stock subject to mandatory redemption (if any) is classified as a liability instrument and measured
at fair value. Conditionally redeemable common stock (including common stock that features redemption rights that are within the control
of the holder or subject to possible redemption upon the occurrence of uncertain events not solely within the Company’s control)
is classified as temporary equity. At all other times, common stock is classified as stockholders’ deficit. The Company’s
Class A common stock sold in the Public Offering and over-allotment features certain redemption rights that are considered to be outside
of the Company’s control and subject to the occurrence of uncertain future events. Accordingly, as of December 31, 2024 and 2023,
4,645,816 and 15,630,150 shares of Class A common stock subject to possible redemption are presented at redemption value as temporary
equity, outside of the stockholders’ deficit section of the Company’s balance sheets, respectively.

Fair Value of Financial Instruments

The fair value of the Company’s assets and
liabilities which qualify as financial instruments under FASB ASC