Company: FLDDW
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006075
Chunk: 462

Company: Fold Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 462
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 -09will have a material impact on its financial statements and disclosures. 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. We are currently evaluating the potential impact of these rules on our financial statements and related disclosures. We do not believe that any other recently issued but not yet effective accounting standards, if currently adopted, would have a material effect on our financial statements. 3. REVENUE Disaggregation of revenue We disaggregate revenue by service type and by platform as follows:

|                                    | Revenue stream |   |   Year Ended 
 December 31, 
         2023 |   |     |   |   Year Ended 
 December 31, 
         2022 |   |
|:-----------------------------------|:---------------|:--|-------------:|:--|:----|:--|-------------:|:--|
| Banking and payment revenues       |                | $ |   21,369,897 |   |     | $ |   28,922,851 |   |
| Custody and trading revenues       |                |   |       26,932 |   |     |   |        2,834 |   |
| Other revenues                     |                |   |      152,625 |   |     |   |        1,990 |   |
| Less: Sales returns and allowances |                |   |      (15,422 | ) |     |   |      (49,700 | ) |
| Revenues, net                      |                | $ |   21,534,032 |   |     | $ |   28,877,975 |   |

The net reduction in revenue related to Revenue Rewards totaled $3.2million and $5.9million for the years ended December31, 2023 and 2022, respectively. Deferred revenue Contract liabilities are classified as deferred revenue in our balance sheets. As of December 31, 2023 and 2022, the contract liability related to our deferred subscription revenues was $0