Company: FLDDW
Filing Date: 2025-04-11
Form Type: 424B3
Source: 0001213900-25-031004
Chunk: 214

Company: Fold Holdings, Inc.
Filing Date: 2025-04-11
Form: 424B3
Chunk 214
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 $11.50 (for whole shares) warrant exercise price after the redemption notice is issued.

If we call the Public Warrants for redemption as
described above, we will have the option to require any holder that wishes to exercise its Public Warrant to do so on a “cashless
basis.” In determining whether to require all holders to exercise their Public Warrants on a “cashless basis,” we will
consider, among other factors, our cash position, the number of Public Warrants that are outstanding and the dilutive effect on our stockholders
of issuing the maximum number of shares of Common Stock issuable upon the exercise of the Public Warrants. If we take advantage of this
option, all holders of Public Warrants would pay the exercise price by surrendering their Public Warrants for that number of shares of
Common Stock equal to the quotient obtained by dividing (x) the product of the number of shares of Common Stock underlying the Public
Warrants, multiplied by the difference between exercise price of the Price Warrants and the “fair market value” of Common
Stock (defined below) by (y) the fair market value. The “fair market value” means the average reported last sale price of
Common Stock for the 5 trading days ending on the third trading day prior to the date on which the notice of redemption is sent to the
holders of Public Warrants. If we take advantage of this option, the notice of redemption will contain the information necessary to calculate
the number of shares of Common Stock to be received upon exercise of the Public Warrants, including the “fair market value”
in such case. Requiring a cashless exercise in this manner will reduce the number of shares to be issued and thereby lessen the dilutive
effect of a Public Warrant redemption.

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Redemption Procedures

A holder of a Public Warrant may notify us in writing
in the event it elects to be subject to a requirement that such holder will not have the right to exercise such Public Warrant, to the
extent that after giving effect to such exercise, such person (together with such person’s affiliates), to the warrant agent’s
actual knowledge, would beneficially own in excess of 9.8% of Common Stock outstanding immediately after giving effect to such exercise.

Anti-Dilution Adjustments

If the number of outstanding shares of Common Stock
is increased by a capitalization or share dividend payable in Common Stock, or by a split-up of