Company: FLDDW
Filing Date: 2025-07-11
Form Type: S-1
Source: 0001213900-25-062935
Chunk: 328

Company: Fold Holdings, Inc.
Filing Date: 2025-07-11
Form: S-1
Chunk 328
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 the remaining amount of the fair value adjustment recognized as other income (expense) in the accompanying condensed statements of operations. With respect to the above notes, as provided for by ASC 825 -10-50-30(b), the estimated fair value adjustment is presented in a respective single line item within other income (expense) in the accompanying condensed statements of operations, since the change in fair value of the March 2025 Investor Note was not attributable to instrument -specificcredit risk. Refer to Note 10 for further information. Recently issued accounting pronouncements not yet adopted In March 2024, the SEC adopted new rules that will require registrants to provide certain climate -relatedinformation in their registration statements and annual reports. The rules require information about a registrant’s climate -relatedrisks that are reasonably likely to have a material impact on its business, results of operations, or financial condition. The required information about climate -relatedrisks will also include disclosure of a registrant’s greenhouse gas emissions. In addition, the rules will require registrants to present certain climate -relatedfinancial metrics in their audited financial statements. On April 4, 2024, the SEC voluntarily stayed the implementation of the rules pending the judicial review of challenges to the rules in the Eighth Circuit Court of Appeals. As proposed, the new rules would have been effective for fiscal years beginning in 2025, except for the greenhouse gas emissions disclosures, which would have been effective for fiscal years beginning in 2026. We are currently monitoring whether these rules will be implemented as well as evaluating the potential impact of these rules on our financial statements and related disclosures. In November 2024, the FASB issued ASU 2024 -03, Expense Disaggregation Disclosures(Topic 220), which requires entities to include more detailed information about the types of expenses, including purchases of inventory, employee compensation, depreciation, and amortization, in commonly presented expense captions such as cost of sales, research and development, and selling, general and administrative expenses. ASU 2024 -03is effective for fiscal years beginning after December 15, 2026, with early adoption permitted. The Company is currently evaluating the impact of this standard on its financial statement presentation and disclosures. In January 2025, the FASB issued ASU 2025 -01“Income Statement Reporting Comprehensive Income — Expense Disaggregation Disclosures (Subtopic 220 -40): Clarifying the Effective Date” (“ASU 2025 -01”) clarifies the