Company: FLDDW
Filing Date: 2025-07-28
Form Type: S-1/A
Source: 0001213900-25-068264
Chunk: 285

Company: Fold Holdings, Inc.
Filing Date: 2025-07-28
Form: S-1/A
Chunk 285
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700 | ) |
| Total Liabilities, Common Stock Subject to Possible Redemption and Stockholders’ Deficit                                                                                                                                                                                             |     | $ |   52,216,095 |   |     | $ |  165,959,208 |   |

The accompanying notes are an integral part of the consolidated financial statements.

F-34

FOLD HOLDINGS, INC.
(F/K/A FTAC EMERALD ACQUISITION CORP.)
CONSOLIDATED STATEMENTS OF OPERATIONS

|                                                                             |     | For the Year Ended 
 December 31,       |       2024 |   |     |   |       2023 |   |
|:----------------------------------------------------------------------------|:----|:-------------------|-----------:|:--|:----|:--|-----------:|:--|
| General and administrative expenses                                         |     | $                  |  2,920,423 |   |     | $ |  3,730,488 |   |
| Loss from operations                                                        |     |                    | (2,920,423 | ) |     |   | (3,730,488 | ) |
| Other income (expense):                                                     |     |                    |            |   |     |   |            |   |
| Interest income earned on investments held in trust account                 |     |                    |  2,953,920 |   |     |   | 11,207,609 |   |
| Interest expense                                                            |     |                    |   (434,696 | ) |     |   |          — |   |
| Non-redemption agreement expense                                            |     |                    |   (838,825 | ) |     |   |   (708,400 | ) |
| Other income (expense), net                                                 |     |                    |  1,680,399 |   |     |   | 10,499,209 |   |
| (Loss) Income before provision for income taxes                             |     |                    | (1,240,024 | ) |     |   |  6,768,721 |   |
| Provision for income taxes                                                  |     |                    |   (628,508 | ) |     |   | (2,325,087 | ) |
| Net (loss) income                                                           |     | $                  | (1,868,532 | ) |     | $ |  4,443,634 |   |
| Basic and diluted weighted average shares outstanding, Class A common stock |     |