Company: FLDDW
Filing Date: 2025-07-28
Form Type: S-1/A
Source: 0001213900-25-068264
Chunk: 329

Company: Fold Holdings, Inc.
Filing Date: 2025-07-28
Form: S-1/A
Chunk 329
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 Disaggregation Disclosures (Subtopic 220 -40): Clarifying the Effective Date” (“ASU 2025 -01”) clarifies the effective date of Accounting Standards Update 2024 -03“Income Statement Reporting Comprehensive Income — Expense Disaggregation Disclosures (Subtopic 220 -40): Disaggregation of Income Statement Expenses” (“ASU 2024 -03”) to stipulate that ASU 2024 -03is effective for public business entities for annual reporting periods F-64

Fold Holdings, Inc.
Notes to Unaudited Condensed Financial Statements 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont.) beginning after December 15, 2026 and interim reporting periods beginning after December 15, 2027, with early adoption permitted. ASU 2024 -03will be effective for the Company beginning January 1, 2027 for the Company’s annual financial statements on Form 10 -Kand January 1, 2028 for the Company’s quarterly financial statements on Form 10 -Qand is not expected to have a significant impact on the Company’s financial statements. In December 2023, the FASB issued ASU 2023 -09, Improvements to Income Tax Disclosures(Topic 740), which requires disclosure of incremental income tax information within the rate reconciliation and expanded disclosures of income taxes paid, among other disclosure requirements. ASU 2023 -09is effective for fiscal years beginning after December 15, 2024. The Company is currently evaluating the impact of this standard on its consolidated 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. RECAPITALIZATION

On February 14, 2025, the Company closed the Merger pursuant to the terms of the Merger Agreement and acquired all of the issued and outstanding equity interests in FTAC Emerald. Pursuant to the Merger Agreement, FTAC Emerald purchased from the legacy stockholders of Fold, Inc. all of the issued and outstanding equity interests of Fold, Inc. for $ million, which was paid to the legacy stockholders of Fold, Inc. in the form of approximately million shares of Common Stock. The million shares of common stock is inclusive of the conversion of all SAFE notes and preferred stock which were converted as part of the Merger. In connection with the Merger, FTAC Emerald was renamed “Fold