Company: FLDDW
Filing Date: 2025-08-11
Form Type: 424B3
Source: 0001213900-25-074298
Chunk: 267

Company: Fold Holdings, Inc.
Filing Date: 2025-08-11
Form: 424B3
Chunk 267
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 SAFEs due to change in fair value resulted in an increase in the liability of $88.4 million and $1.4 million during the years ended December 31, 2024 and 2023, respectively. Refer to Note 14 for further details on the fair value measurement of the SAFEs.

F-21

Fold, Inc.
Notes to Financial Statements 8. SAFES (cont.) During the years ended December 31, 2024 and 2023, the Company entered into SAFEs with various investors with aggregate gross proceeds of $72.1 million and $0.5 million, respectively. Three of the SAFEs (the “Bitcoin SAFEs”) issued during 2024, totaling $64.1 million, were funded with bitcoin that the Company held in treasury as of December 31, 2024. Two of the Bitcoin SAFEs, totaling $50.0 million (the “Purchase Amount”) stipulated that the Company agreed to use the bitcoin received exclusively for treasury purposes, defined here as holding the bitcoin as a long -terminvestment, and that the Company may not use the bitcoin for operational or any other purposes during the eighteen (18) months beginning from the date of issuance. The remaining Bitcoin SAFE, totaling $14.1 million (the “Purchase Amount”), had no restrictions on use for operational purposes. As of December 31, 2024, 300 bitcoin received from the Bitcoin SAFEs were available to be used as operating capital and pledged as collateral to secure the Investor Notes described in Note 9. The remaining terms for the other SAFEs issued in 2024 reflect similar rights to, and obligations of, the Company as historically issued SAFEs. SAFEs outstanding as of December 31, 2024 consisted of the following purchase amounts and terms for conversion:

| SAFE Number |     | Amount 
 Funded |            |     | Conversion Detail                     |
|:------------|:----|:-------|-----------:|:----|:--------------------------------------|
| SAFE-27     |     | $      |    500,000 |     | 15% Discount Rate                     |
| SAFE-28     |     |        |    500,000 |     | 15% Discount Rate                     |
| SAFE-26     |     |        |  3,000,000 |     | Post-Money Valuation Cap $70,000,000  |
| SAFE-29     |     |        |  3,000,000 |