Company: FLDDW
Filing Date: 2025-06-17
Form Type: 8-K
Source: 0000950170-25-087072
Chunk: 1

Company: Fold Holdings, Inc.
Filing Date: 2025-06-17
Form: 8-K
Item: Item 1.01
Chunk 1
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) the price per Advance Share during an Accelerated Purchase Pricing Period being ninety-two percent (92%) multiplied by the Daily VWAP or Hourly VWAP, as applicable, of the Common Shares during the applicable Pricing Period (as each such term is defined in the Facility). The Company may also specify a minimum acceptable price per Advance Share in each Advance Notice that it delivers to the Investor.

The Company will control the timing and amount of any sales of Advance Shares to the Investor. Actual sales of Shares under the Facility will depend on a variety of factors to be determined by the Company from time to time, which may include, without limitation, market conditions, the trading price of the Common Stock and determinations by the Company as to the appropriate sources of funding for its business and operational needs. The net proceeds under the Facility to the Company will depend on the frequency and prices at which the Company sells Shares to the Investor. The Company expects that any proceeds received by it from such sales to the Investor will be used for, without limitation, purchasing additional bitcoin for the Company’s corporate treasury, working capital and general corporate purposes.

The Investor will not be required to subscribe for any Shares under the Facility which, when aggregated with all other Shares then beneficially owned by the Investor and its affiliates (as calculated pursuant to Section 13(d) of the Securities Exchange Act of 1934, as amended (the “ Exchange Act”), and Rule 13d-3 promulgated thereunder), would result in the beneficial ownership by the Investor and its affiliates to exceed 9.99% of the outstanding voting power or number of the Common Stock.

The Facility contains customary representations, warranties, conditions and indemnification obligations of the parties. The representations, warranties and covenants contained in such agreement were made only for purposes of such agreements and as of specific dates, were solely for the benefit of the parties to such agreement and may be subject to limitations agreed upon by the contracting parties.

J. V. B. Financial Group, LLC, acting through its Cohen & Company Capital Markets division (“ CCM”), acted as the placement agent in connection with the transactions contemplated by the Facility, for which the Company has agreed to issue 75,000 shares of Common Stock to CCM at the time of the placement of the Facility in connection

with the placement of the Facility (such shares, the “ Placement Shares”), and to pay customary placement fees and reimburse certain expenses of CCM.

The Company cannot effect any sales under the Facility and the Investor will not have any obligation to