Company: FLDDW
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-004107
Chunk: 101

Company: Fold Holdings, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1
Chunk 101
---
. For example, the COVID-19
pandemic and the related precautionary measures that we adopted have in the past resulted, and could in the future result, in difficulties
or changes to our customer support, or create operational or other challenges, any of which could adversely impact our business and operating
results. Further, acts of terrorism, labor activism or unrest, and other geopolitical unrest, including ongoing regional conflicts around
the world, could cause disruptions in our business or the businesses of our partners or the economy as a whole. In the event of a natural
disaster, including a major earthquake, blizzard, or hurricane, or a catastrophic event such as a fire, power loss, or telecommunications
failure, we may be unable to continue our operations and may endure system interruptions, reputational harm, delays in development of
our platform, lengthy interruptions in service, breaches of data security, and loss of critical data, all of which could have an adverse
effect on our future operating results. We do not maintain insurance sufficient to compensate us for the potentially significant losses
that could result from disruptions to our services. Additionally, all the aforementioned risks may be further increased if we do not implement
a disaster recovery plan or our partners’ disaster recovery plans prove to be inadequate. To the extent natural disasters or other
catastrophic events concurrently impact data centers we rely on in connection with private key restoration, customers will experience
significant delays in withdrawing funds, or in the extreme we may suffer loss of customer funds.

57

We might require additional capital to support business growth,
and this capital might not be available.

We have funded our operations since inception primarily
through debt, equity financings and revenue generated by our products and services. We cannot be certain when or if our operations will
generate sufficient cash to fully fund our ongoing operations or the growth of our business. We intend to continue to make investments
in our business, including developing new products and services, enhancing our operating infrastructure, expanding our international operations,
and acquiring complementary businesses and technologies, all of which may require us to secure additional funds. Additional financing
may not be available on terms favorable to us, if at all, including due to general macroeconomic conditions, crypto market conditions
and any disruptions in the crypto market, instability in the global banking system, increasing regulatory uncertainty and scrutiny or
other unforeseen factors. In addition, even if debt financing is available, the cost of additional financing may be significantly higher
than our current debt. If we incur additional debt