Company: FLDDW
Filing Date: 2025-04-11
Form Type: 424B3
Source: 0001213900-25-031004
Chunk: 14

Company: Fold Holdings, Inc.
Filing Date: 2025-04-11
Form: 424B3
Chunk 14
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 SATS Warrant and, accordingly, we may not receive 
                                      any cash proceeds in relation to our outstanding SPV Warrants and SATS Warrant. See “Use of Proceeds.” |
| Risk Factors                                                  |                                                                                                                                  You should 
                           carefully read the “Risk Factors” beginning on page 6 and the other information included in this prospectus for a 
                              discussion of factors you should consider carefully before deciding to invest in our Common Stock or Warrants. |
| Nasdaq symbol for our Common Stock                            |                                                                                                                                       “FLD” |
| Nasdaq symbol for our Public Warrants                         |                                                                                                                                     “FLDDW” |

<div align='center'>5

RISK
FACTORS</div>

You should carefully consider the risks and uncertainties described below and the other information in this prospectus before making an investment in our Common Stock or Warrants. Our business, financial condition, results of operations, or prospects could be materially and adversely affected if any of these risks occurs, and as a result, the market price of our Common Stock and Warrants could decline and you could lose all or part of your investment. This prospectus also contains forward-looking statements that involve risks and uncertainties. See “Cautionary Statement Regarding Forward-Looking Statements.” Our actual results could differ materially and adversely from those anticipated in these forward-looking statements as a result of certain factors, including those set forth below.

Risks Related to this Offering
by the Selling Securityholders

Sales of a substantial
number of our securities in the public market by the Selling Securityholders and/or by our existing securityholders could cause the price
of our shares of Common Stock and Warrants to fall.

The Selling Securityholders can sell, under this
prospectus, up to (a) 49,161,055 shares of Common Stock constituting approximately 104.85% of our issued and outstanding shares of Common
Stock (assuming the exercise of all of our Warrants) and (b) 925,590 Warrants constituting approximately 6.13% of our issued and outstanding
Warrants.

Sales of a substantial number
of our shares of Common Stock and/or Warrants in the public market by the Selling Securityholders and/or by our other existing securityholders,
or the perception that those sales might occur, could depress the market price of our shares of Common Stock and Warrants and could impair
our ability to raise capital through the sale of additional equity securities. We are unable to predict the effect that such sales may