Company: FLDDW
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006075
Chunk: 475

Company: Fold Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 475
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 to use the bitcoin received exclusively for treasury purposes, defined herein as holding the bitcoin as a long -terminvestment, and that the Company may not use the bitcoin for operational or any other purposes during the eighteen (18) months beginning from the date of issuance. If there is a Public Offering before the termination of these SAFEs, they will automatically convert into a number of shares of New Public Preferred Stock equal to the Purchase Amount divided by the applicable Public Offering Conversion Price. If there is no Public Offering before the termination of these SAFEs, at the written election of the Investor, (A) the Company shall transfer to the Investor the number of Bitcoins that the Investor paid to the Company on account of the Purchase Amount, or (B) the Safe shall be

F-27 Fold, Inc.
Notes to Financial Statements 16. SUBSEQUENT EVENTS (cont.) converted into the number of shares of a new series of Preferred Stock of the Company (the “New Private Preferred Stock”), equal to the Purchase Amount divided by the No Public Offering Conversion Price. The remaining terms for the other SAFEs issued in 2024 reflect similar rights to, and obligations of, the Company as historically issued SAFEs. During the year ended December31, 2023, the Company entered into a SAFE for $1.0million (“SAFE -34”), the proceeds of which were still outstanding as of that date. Those proceeds were collected in January and April 2024. RSU Grants On August30, 2024, the Company granted an additional 813,582 RSUs to various employees. These RSUs reflect the same terms, including vesting conditions, as historically issued RSUs in accordance with the Company’s 2019 Equity Incentive Plan. F-28

Fold, Inc.
Condensed Balance Sheets
(Unaudited)

|                                                                                                                                                                                                |     |   | September 30, 
          2024 |   |     |   | December 31, 
         2023 |   |
|:-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:----|:--|--------------:|:--|:----|:--|-------------:|:--|
| Assets                                                                                                                                                                                         |     |   |               |   |     |   |              |   |
| Current assets                                                                                                                                                                                 |     |   |               |   |     |   |              |   |
| Cash and cash equivalents                                                                                                                                                                      |     | $ |     4,387,072 |   |     | $ |    1,491,