Company: FLDDW
Filing Date: 2025-04-11
Form Type: 424B3
Source: 0001213900-25-031004
Chunk: 93

Company: Fold Holdings, Inc.
Filing Date: 2025-04-11
Form: 424B3
Chunk 93
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ning in the 2023 tax year. In addition, over the last several years, the Organization for Economic Cooperation and Development has
been working on a Base Erosion and Profit Shifting Project that, if implemented, would change various aspects of the existing framework
under which our tax obligations are determined in many of the countries in which we may do business. As of July 2023, nearly 140 countries
have approved a framework that imposes a minimum tax rate of 15%, among other provisions. As this framework is subject to further negotiation
and implementation by each member country, the timing and ultimate impact of any such changes on our tax obligations are uncertain. There
can be no assurance that future tax law changes will not increase the rate of the corporate income tax, impose new limitations on deductions,
credits or other tax benefits, or make other changes that may adversely affect our business, cash flows or financial performance.

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In addition, the IRS has yet
to issue guidance on a number of important issues regarding the tax treatment of cryptocurrency and the products we provide to our customers
and from which we derive our income. In the absence of such guidance, we will take positions with respect to any such unsettled issues.
There is no assurance that the IRS or a court will agree with the positions taken by us, in which case tax penalties and interest may
be imposed that could adversely affect our business, cash flows or financial performance.

We also are subject to non-income
taxes, such as payroll, sales, use, value-added, digital services, net worth, property, and goods and services taxes in the United States
and may become subject to similar non-income taxes in various foreign jurisdictions. Specifically, we may be subject to new allocations
of tax as a result of increasing efforts by certain jurisdictions to tax activities that may not have been subject to tax under existing
tax principles. Companies such as ours may be adversely impacted by such taxes. Tax authorities may disagree with certain positions we
have taken. As a result, we may have exposure to additional tax liabilities that could have an adverse effect on our operating results
and financial condition.

As a result of these and other
factors, the ultimate amount of tax obligations owed may differ from the amounts recorded in our financial statements and any such difference
may harm our operating results in future periods in which we change our estimates of our tax obligations or in which the ultimate tax
outcome is determined.

Changes to, or changes
to interpretations of