Company: FLDDW
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006075
Chunk: 361

Company: Fold Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 361
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 provided by financing activities |     |                   |  8,000,000 |   |     |   |    500,000 |   |
| Net increase (decreased) in cash          |     | $                 |  2,895,528 |   |     | $ | (2,874,932 | ) |

228 Cash flows from operating activities For the nine months ended September 30, 2024, cash used in operating activities was $3.4 million, primarily due to the net loss of $65.6 million, offset by an increase in cash from net working capital of $2.8 million and an adjustment to the net income of non -cashincome and expense totaling $59.4 million. $3.3 million of operating cash outflows related to professional fees incurred in relation to the proposed merger with FTAC Emerald, including legal, accounting, and consulting fees. For the nine months ended September 30, 2023, cash used in operating activities was $0.2 million, primarily due to the net loss of $5.8 million, offset by an increase in cash from net working capital of $4.3million and an adjustment to the net loss of non -cashincome and expense totaling $1.3 million. Cash flows from investing activities Cash flows used in investing activities decreased to $1.7 million for the nine months ended September 30, 2024 from $3.2 million for the nine months ended September 30, 2023, primarily due to less purchases of bitcoin to satisfy customer rewards. Cash flows from financing activities For the nine months ended September 30, 2024, cash provided by financing activities was $8.0 million, which is attributable entirely to cash received from SAFEs financings. There were SAFEs financing proceeds of $0.5 million collected for the nine months ended September 30, 2023. Safeguarding Obligation Liability and Safeguarding Asset Related to Bitcoin Held for Other Parties As detailed in Note 14, Safeguarding Obligation for Digital Assetswithin Notes to our financial statements, we recorded a safeguarding obligation liability and a corresponding safeguarding asset related to the bitcoin held for other parties. As of September 30, 2024, the safeguarding obligation liability related to bitcoin held for other parties was $6.8 million. As of December 31, 2023 and 2022, the safeguarding obligation liability related to bitcoin held for other parties was $