Company: FLDDW
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-004107
Chunk: 1934

Company: Fold Holdings, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 14
Chunk 1934
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,953,920) 
     (11,207,609)
  
    Changes in operating assets and liabilities: 

    Prepaid expenses 
     172,303  
     (7,499)
  
    Prepaid income taxes 
     83,503  
     (83,503)
  
    Reimbursement receivable 
     —  
     1,155,000 
  
    Excise tax payable 
     (967,916) 
     — 
  
    Accounts payable and accrued expenses 
     418,538  
     290,047 
  
    Due to related party 
     360,000  
     (21,535)
  
    Income tax payable 
     49,005  
     (359,410)
  
    Net cash used in operating activities 
     (3,433,498) 
     (5,082,475)

    Cash Flows from Investing Activities: 

    Cash withdrawn from Trust Account for tax purposes 
     592,930  
     3,014,566 
  
    Cash withdrawn from Trust Account in connection with redemption 
     116,724,496  
     96,791,644 
  
    Net cash provided by investing activities 
     117,317,426  
     99,806,210 

    Cash Flows from Financing Activities: 

    Proceeds from promissory note 
     550,000  
     — 
  
    Proceeds from promissory note – related party 
     3,166,767  
     2,025,000 
  
    Redemption of common stock 
     (116,724,496) 
     (96,791,644)
  
    Net cash used in financing activities 
     (113,007,729) 
     (94,766,644)

    Net Change in Cash 
     876,199  
     (42,909)
  
    Cash – Beginning of period 
     29,844  
     72,753 
  
    Cash – End of period 
    $906,043  
    $29,844 

    Supplemental disclosure of noncash investing and financing activities: 

    Excise tax on stock redemption 
    $1,167,245  
    $967,916 
  
    Supplemental information: 

    Cash paid