Company: FLDDW
Filing Date: 2025-11-24
Form Type: 8-K
Source: 0001193125-25-293889
Chunk: 0

Company: Fold Holdings, Inc.
Filing Date: 2025-11-24
Form: 8-K
Item: Item 1.01
Chunk 0
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Item 1.01 Entry into a Material Definitive Agreement.

As previously disclosed, on October 1, 2025, Fold, Inc., a Delaware corporation (the “Borrower”) and a wholly-owned subsidiary of Fold Holdings, Inc., a Delaware corporation (the “ Company”) entered into a Master Loan Agreement (“ MLA”) with Two Prime Lending Limited (“Two Prime”) pursuant to the terms of which the Borrower may, from time to time, request an advance of funds, and Two Prime may, in its sole and absolute discretion, extend or decline such advance on terms acceptable to the Borrower and Two Prime and as set forth in individually executed loan term sheets. Capitalized terms used in this Current Report on Form 8-K but not defined herein have the meanings ascribed to them in the MLA.

On November 19, 2025, the Borrower and Two Prime entered into the First Master Loan Agreement Amendment (the “MLA Amendment”) to the MLA pursuant to which, among other things: (i) the interest rate increased from 6.5% per annum to 8.5% per annum; (ii) the Initial Collateral Level decreased from 250% to 160%; (iii) the Collateral Call Level decreased from 175% to 135%; (iv) the Liquidation Level decreased from 150% to 115%; (v) the Collateral Refund Level decreased from 345% to 190%; and (vi) Two Prime is now permitted to grant a security interest in its rights to the Collateral in certain limited circumstances; provided, however, that no such counterparty shall have any right to access the Collateral unless and until an Event of Default under the Loan Documents has occurred and is continuing beyond any applicable notice and cure period.

The foregoing description of the MLA Amendment does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the MLA Amendment, a copy of which is attached hereto as Exhibit 10.2 and is incorporated herein by reference.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.