Company: FLDDW
Filing Date: 2025-04-11
Form Type: 424B3
Source: 0001213900-25-031004
Chunk: 171

Company: Fold Holdings, Inc.
Filing Date: 2025-04-11
Form: 424B3
Chunk 171
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<div align='center'>96</div>

Audit Committee

Our audit committee consists
of Mr. Simha, Ms. Goldwasser and Ms. Hill. The Board has determined that each of the members of the audit committee satisfies the independence
requirements of Nasdaq listing rules and Rule 10A-3 under the Exchange Act. Each member of the audit committee can read
and understand fundamental financial statements in accordance with applicable audit committee requirements. In arriving at this determination,
the Board examined each audit committee member’s scope of experience and the nature of their prior and/or current employment. Mr.
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