Company: FLDDW
Filing Date: 2025-04-11
Form Type: 424B3
Source: 0001213900-25-031004
Chunk: 76

Company: Fold Holdings, Inc.
Filing Date: 2025-04-11
Form: 424B3
Chunk 76
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 our program
agreement with Sutton Bank to offer our Fold prepaid card product. If our relationship with Sutton Bank were to end, the ability to continue
to offer our card product would be affected, which could affect our financial and business results.

We market Fold prepaid cards
issued by Sutton Bank to consumers through a program agreement with Bank, our bank partner for the card. If our relationship with Sutton
Bank were to end or if Sutton Bank were to cease or restrict operations, our ability to continue to offer our card product would be affected,
which could adversely affect our financial and business results. In such an event, we would need to partner with a different bank to continue
to offer the Fold Card product (as defined below). If we partner with a new bank, issuance and servicing of the Fold Card product could
be disrupted and delayed as we transition to a different bank partner. We also may face increased costs and compliance burdens if the
program agreement with Sutton Bank is terminated.

Sutton Bank is subject to regulation
and supervision by the Federal Deposit Insurance Corporation (“FDIC”). Many laws and regulations that apply directly to Sutton
Bank indirectly impact us (and our products) as Sutton Bank’s service provider. As such, our partnership with Sutton Bank is subject
to the supervision and enforcement authority of the FDIC, Sutton Bank’s primary banking regulator.

We may in the future,
enter into partnerships, collaborations, joint ventures, or strategic alliances with third parties. If we are unsuccessful in establishing
or maintaining strategic relationships with these third parties or if these third parties fail to deliver certain operational services,
our business, operating results, and financial condition could be adversely affected.

We may in the future, enter into
partnerships, collaborations, joint ventures, or strategic alliances with third parties in connection with the development, operation
and enhancements to our platform and products and the provision of our services. For example, we may partner with additional Bitcoin custody
or service providers to expand the reach of our services or increase resilience of our network, or we may partner with other companies
to provide new products or services such as a credit card or savings product. Identifying strategic relationships with third parties,
and negotiating and documenting relationships with them may be time-consuming and complex and may distract management. Moreover, we may
be delayed, or not be successful, in achieving the objectives that we anticipate as a result of such strategic relationships. In evaluating
counterparties in connection with partnerships, collaborations, joint ventures or strategic alliances, we consider a wide range of economic