Company: FLDDW
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-004107
Chunk: 1424

Company: Fold Holdings, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 9
Chunk 1424
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 meeting of stockholders to be held after the closing of Business Combination;

●Class II, consisting of Dr. Kirkwood and Mr. Reeves,
whose terms will expire at our second annual meeting of stockholders to be held after the closing of Business Combination; and

●Class III, consisting of Mr. Simha, Ms. Hill and Ms.
Goldwasser, whose terms will expire at our third annual meeting of stockholders to be held after the closing of Business Combination.

At each annual meeting of stockholders to be held after the initial
classification, the successors to directors whose terms then expire will be elected to serve from the time of election and qualification
until the third annual meeting following their election and until their successors are duly elected and qualified, or their earlier resignation,
removal, disqualification or death. This classification of the Board may have the effect of delaying or preventing changes in our control
or management. Our directors may be removed for cause by the affirmative vote of the holders of at least 66 2/3% of our voting stock.

Role of the Board in Risk Oversight/Risk Committee

One of the key functions of the Board is informed oversight of our
risk management process. The Board does not have a standing risk management committee, but rather administers this oversight function
directly through the Board as a whole, as well as through various standing committees of the Board that address risks inherent in their
respective areas of oversight. In particular, the Board is responsible for monitoring and assessing strategic risk exposure and the audit
committee has the responsibility to consider and discuss our major financial risk exposures and the steps management will take to monitor
and control such exposures, including guidelines and policies to govern the process by which risk assessment and management is undertaken.
The audit committee also monitors compliance with legal and regulatory requirements. Our compensation committee assesses and monitors
whether our compensation plans, policies and programs comply with applicable legal and regulatory requirements.

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Board Committees

The Board has established an audit committee, a compensation committee
and a nominating and corporate governance committee. The Board has adopted a charter for each of these committees, which comply with the
applicable requirements of current Nasdaq rules. In addition, from time to time, special committees may be established under the direction
of the Board when the board deems it necessary or advisable to address specific issues. We intend to comply with future requirements to
the extent applicable to us. Copies of the charters for each committee are available on the investor relations portion of our