Company: FLDDW
Filing Date: 2025-04-01
Form Type: S-1
Source: 0001213900-25-026537
Chunk: 163

Company: Fold Holdings, Inc.
Filing Date: 2025-04-01
Form: S-1
Chunk 163
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 Simha serves as the chair of the audit committee. The Board has determined that Mr. Simha qualifies as an audit committee financial expert within the meaning of SEC regulations and meets the financial sophistication requirements of Nasdaq listing rules. In making this determination, the Board considered Mr. Simha’s formal education and previous experience in financial roles. Both our independent registered public accounting firm and management periodically meet privately with the audit committee. The functions of the audit committee include, among other things:

| ● | evaluating the performance, independence, compensation, retention, oversight and qualifications of our independent 
 auditors and determining whether to retain our existing independent auditors or engage new independent auditors;   |

| ● | reviewing our financial reporting processes and disclosure controls; |

| ● | reviewing and approving the engagement of our independent auditors to perform audit services and any permissible 
 non-audit services;                                                                                              |

| ● | reviewing the adequacy and effectiveness of our internal control policies and procedures, including reviewing,                    
 with the independent auditors, management’s plans with respect to the responsibilities, budget, staffing and effectiveness of our 
 internal audit function, and reviewing and approving our head of internal audit (if established);                                 |

| ● | reviewing with the independent auditors the annual audit plan, including the scope of audit activities and 
 all critical accounting policies and practices to be used by the Company;                                  |

| ● | obtaining and reviewing at least annually (if required by applicable stock exchange listing requirements)                                       
 or as otherwise determined, a report by our independent auditors describing the independent auditors’ internal quality-control procedures       
 and any material issues raised by the most recent internal quality-control review, peer review, or any inquiry or investigation by governmental 
 or professional authorities;                                                                                                                    |

| ● | setting clear hiring policies for employees or former employees of our independent auditors; |

| ● | monitoring the rotation of partners of our independent auditors on our engagement team as required by law; |

| ● | at least annually, reviewing relationships that may reasonably be thought to bear on the independence of                                    
 the committee, receiving and reviewing a letter from the independent auditor affirming their independence, discussing the potential effects 
 of any such relationship, and assessing and otherwise taking the appropriate action to oversee the independence of our independent auditor; |

| ● | reviewing our annual and quarterly financial statements and reports, including the disclosures contained 
 in “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk     
 Factors,” and discussing the statements and reports with our independent aud