Company: FLDDW
Filing Date: 2025-08-11
Form Type: 424B3
Source: 0001213900-25-074298
Chunk: 270

Company: Fold Holdings, Inc.
Filing Date: 2025-08-11
Form: 424B3
Chunk 270
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 components:

|                                          |     | December 31, 
 2024         |            |     | December 31, 
 2023         |   |
|:-----------------------------------------|:----|:-------------|-----------:|:----|:-------------|:--|
| Senior Secured Convertible Notes         |     | $            | 20,000,000 |     | $            | — |
| Less:                                    |     |              |            |     |              |   |
| Debt discount, net of amortization       |     |              |  6,636,805 |     |              | — |
| Debt issuance costs, net of amortization |     |              |  1,610,290 |     |              | — |
| Convertible debt, net                    |     | $            | 11,752,905 |     | $            | — |

The Company recorded interest expense under the December 2024 Initial Investor Note based on a stated interest rate of 12% per annum, as well as the amortization of the debt discount and debt issuance costs, which the Company computed using the effective interest method. The debt discount represents the 5% original issue discount, as well as the bifurcation of the value ascribed to the Investor Warrants on a relative fair value basis, after separately valuing the warrants and the December 2024 Initial Investor Note. Total interest expense recognized related to the December 2024 Initial Investor Note for the year ended December 31, 2024 was $0.2 million, comprised of a nominal accrual of contractual interest expense and $0.2 million of amortization of the debt discount and debt issuance costs. Interest is calculated on the basis of a 360 -dayyear and is payable quarterly starting March 31, 2025, in cash or paid -in -kindand capitalized to the loan balance (“PIK”) until the Public Company Date. Subsequent to that date, interest is payable in cash or shares (or a combination thereof). Interest expense on the Investor Notes commenced accruing on the date of issuance. All Investor Notes, plus accrued and unpaid interest, are convertible at any time, at the Investor’s option, into shares of the Company’s common stock at an initial fixed conversion price of $11.50 per share, subject to certain adjustments and alternative conditions. Upon a change of control of the Company, the Investor may require the Company to redeem all, or any portion, of the Investor Notes at