Company: FLDDW
Filing Date: 2025-04-01
Form Type: S-1
Source: 0001213900-25-026537
Chunk: 271

Company: Fold Holdings, Inc.
Filing Date: 2025-04-01
Form: S-1
Chunk 271
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 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